Cyberpunk 2077 is a 2020 action role-playing video.
Alexander Sayganov | Images SOUP | LightRocket via Getty Images
LONDON – Shares of Cyberpunk 2077 developer CD Projekt rose on Thursday after Elon Musk expressed his admiration for the game.
The CEO of Tesla posted on Twitter a photo of his company’s new sedan, Plaid Model S, suggesting that it could run Cyberpunk, Witcher 3 and a few other video games.
“He can play Cyberpunk,” Musk said. “The aesthetics of Cyberpunk are incredible between us.”
This tweet seems to suddenly send CD Projekt stock prices on Thursday. Shares rose around 12.6% during the afternoon trading. It had a tough journey after the release of Cyberpunk, as players complained about several bugs and poor performance on older consoles.
Sony has even taken the game out of its PlayStation digital store and said it will offer players full refunds. Analysts at the time said it was extremely rare for a console to release an AAA game due to quality issues.
This trading week was marked by wild volatility in the stock markets, fueled largely by an explosion of Reddit r / WallStreetBets-inspired amateur traders flooding heavily shortened stocks such as GameStop and AMC.
Short selling is a strategy in which investors borrow shares of a stock to sell them at a certain price, in the expectations that the market value will fall below that level when it is time to pay for the borrowed shares.
It is unclear whether CD Projekt’s price jump on Thursday was the result of short-term pressure. According to IHS Markit, 9.3% of the remaining shares of CD Projekt are currently on loan. The actions became more popular as a short reaction after the negative public at the game.
It wouldn’t be the first time a tweet from Musk sends some bigger actions. A tweet from the billionaire that said “GameStonk” and linked to the subredditing of WallStreetBets, helping GameStop to grow after trading on Tuesday.
And his tweet, which told followers to “use Signal” – referring to the encrypted messaging app that gained popularity after a reaction to a privacy update from WhatsApp – caused investors to raise the price of shares Signal Advance, a small component manufacturer.