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- Bookies now offer odds that Elon Musk will sell X at some point in 2024
- Musk could well decide to change the name of X back to Twitter
- Further specials look at Musk's chances of winning the Time Person of the Year in 2024
Bookies now offer odds that Elon Musk will sell X at some point in 2024
Bookmakers are now offering betting specials around Elon Musk's 2024 with the South African businessman likely to be a big name once again throughout the year.
Musk is always in the news for something that he is either saying or doing and it's no surprise to see him in the news this week with his company X reportedly losing value drastically since he purchased it.
Mutual fund giant Fidelity has marked down the value of its shares in X Holdings saying that X is now worth 71.5% less than it was at the time of purchase by Musk.
Betting specials now say that Musk could sell X at some point in 2024 with the latest odds at 12/1 for him to cut his losses and sell the company that he bought for $44bn back in October 2022.
Odds from William Hill at the start of the year suggested a 7.7% implied probability that Musk sells the company rather than keeping it but there are no massive signs of a sale currently.
| Elon Musk 2024 Specials | Odds | Probability |
|---|---|---|
| Elon Musk to rebrand X back to Twitter | 7/1 | 12.5% |
| Elon Musk to sell X | 12/1 | 7.7% |
What the expert says...
Musk could well decide to change the name of X back to Twitter
The downfall of X looked to kick off when Musk decided to rebrand Twitter to the new name several months after he purchased the company in 2022.
Musk's rebrand has started his idea of X not being just a standard social media brand like it was when it was Twitter, but the start of a new bigger business plan.
The Businessman could decide that he made a mistake in the rebrand of the company to X and bookies go 7/1 that he reverts the rebrand and goes back to Twitter in 2024.
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Further specials look at Musk's chances of winning the Time Person of the Year in 2024
The Time Person of the Year is one of the biggest cultural awards that are handed out on a yearly basis with Taylor Swift being named as Person of the Year for 2023.
Elon Musk has won the award before back in 2021 for the impact that he had in the world across the year with Tesla and SpaceX getting bigger and bigger.
Musk is the early fifth favourite to be crowned Time Person of the Year in 2024 with Donald Trump the betting favourite ahead of a big year in American politics.
| Time Person of the Year 2024 | Odds | Probability |
|---|---|---|
| Donald Trump | 3/1 | 25.0% |
| AI (includes Chat GPT) | 4/1 | 20.0% |
| Joe Biden | 4/1 | 20.0% |
| Nikki Haley | 6/1 | 14.3% |
| Elon Musk | 7/1 | 12.5% |
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