Maye Musk once invested $1,000 in stocks following Elon Musk’s advice.

Maye Musk – Elon Musk’s mother said she received investment advice from her son when the Tesla CEO was just 14 years old.

The 74-year-old model shared that more than 35 years ago, Elon Musk recommended that she buy shares in a company he “really believed in,” even though the stockbroker said the investment was a “bad idea.”

The above story was shared by Maye Musk on Twitter on May 1 after the world’s richest billionaire gave some advice on how to pick stocks. The 50-year-old billionaire urged his Twitter followers to buy stocks of companies that produce products they “trust” and not “panic” about the market reaction.

Giving an example of Elon Musk’s investment philosophy, Ms Maye said that in the 1980s, she invested about $1,000 in stocks recommended to her by her son. It was the largest amount of money she had ever invested in this field.

Elon Musk’s faith in the company quickly paid off, and the value of Maye’s investment tripled. When the share price rose, Maye “panicked” and decided to sell all of her shares.

“I didn’t like it. Then this code kept increasing. I also think it’s unfair that they split their earnings between @kimbal, @ToscaMusk and me,” Maye said on Twitter.

Maye Musk did not specify how quickly the stock price rose or which company Elon Musk proposed investing in. His representative also declined to comment further on the matter.

Billionaire Elon Musk and his mother. Photo: Reuters

Elon Musk gave his investment advice just days after he sold 9.6 million Tesla shares, worth $8.5 billion. This transaction is said to be aimed at paying for the $44 billion deal with Twitter.

It’s not the first time the world’s richest man has offered investment advice, either. Earlier this year, Elon Musk said that owning tangible assets like a home or company stock is “generally better than holding cash” when inflation is high.

Previously, in an interview with   Insider   , Maye Musk emphasized that she helped her children develop by encouraging them to pursue their personal interests. During her time as CEO of Tesla, she showed a passion for books and computer programming. In April, Elon Musk shared at the TED conference that her success is largely due to her desire to answer important questions around the meaning of life.

The model and mother of three wrote about her family and her first experience with the stock market in the book “A Woman Makes a Plan.”