Could Elon Musks SNL Hosting Cause A Bump In Tesla Or Dogecoin? – Benzinga
An appearance by the executive of a publicly-traded company on CNBC or another business-related news channel can sometimes move the share price fast. If the show airs outside the trading hours, it can sometimes have less of an effect on the share price.
That raises the question of what kind of impact the upcoming Elon Musk appearance on “Saturday Night Live” might have not just on his company’s share price the following Monday, but also on cryptocurrency trading during the airing of the show.
Why It’s Important: The show, which airs on NBC from Comcast Corporation (NASDAQ:CMCSA), airs outside of the trading hours for Tesla shares. Depending on how Musk’s appearance is received or what is said about Tesla, shares could see a reaction on Monday, May 10, when the market resumes.
Cryptocurrency is much different as the market never sleeps and Dogecoin can be traded throughout the show.
If Musk mentions Dogecoin or a skit is done to discuss the meme coin, it is quite possible that the valuation could see a large spike.