Elon Musk Gives Twitter Its Best Day Ever.

Elon Musk Gives Twitter Its Best Day Ever.

Twitter stock rallied Monday following the disclosure that

Twitter stock rallied Monday following the disclosure that

Billionaire Elon Musk had become the social media platform’s biggest shareholder.

Billionaire Elon Musk had become the social media platform’s biggest shareholder.

That, however, didn’t stop one analyst from downgrading the shares.

That, however, didn’t stop one analyst from downgrading the shares.

Musk, the chief executive of Tesla , acquired a 9.2% stake in Twitter

Musk, the chief executive of Tesla , acquired a 9.2% stake in Twitter

owning nearly four times as much as co-founder Jack Dorsey, who owns a 2.3% stake.

owning nearly four times as much as co-founder Jack Dorsey, who owns a 2.3% stake.

Twitter stock surged 27% on Monday, and was extending its gains on Tuesday, gaining 6.1% to $53.09.

Twitter stock surged 27% on Monday, and was extending its gains on Tuesday, gaining 6.1% to $53.09.

But some analysts were taking a more cautious approach to the news as they waited to see what role Musk seeks to play within Twitter.

But some analysts were taking a more cautious approach to the news as they waited to see what role Musk seeks to play within Twitter.

On Tuesday, Twitter announced it was appointing Musk to serve as a Class II director on the board,

On Tuesday, Twitter announced it was appointing Musk to serve as a Class II director on the board,

in line with the expectations of many that he would want to take an active role in the company.

in line with the expectations of many that he would want to take an active role in the company.