The company’s share increased by 19%, the highest increase since June 2015
CD Projekt’s stock rose yesterday when Elon Musk tweeted about Cyberpunk 2077.
The CEO of Tesla has announced that its latest car, Model S, can play Cyberpunk, before adding: “The aesthetics of Cyberpunk are incredible [by the way]. “
Following the tweet, CD Projekt’s share increased by 19%, the highest increase since June 2015, while the trading volume reached six times its three-month average, Bloomberg reports.
This is the second time this week that Elon Musk has impacted a company’s stock, after GameStop shares continued to rise on Wednesday after a tweet from the billionaire.
CD Projekt’s share has recently fluctuated following uncertainty surrounding Cyberpunk 2077. The developer’s share price fell 25% in October after peaking at the end of August amid reports of a predicament and more. a delay in Cyberpunk.
After the game finally launched in December, the stock fell another 29%, with the studio’s tumbling share price costing its founders more than $ 1 billion in wealth. At the end of December, CD Projekt’s own investors investigated the possibility of suing the developer for misrepresenting Cyberpunk 2077.
The game was under fire due to its numerous bug fixes, and the developer later apologized for not being transparent about how the title would perform.