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Tesla (TSLA) sent shockwaves across the financial markets Monday after a United States Securities and Exchange Commission filing confirmed that the electric vehicle maker has added Bitcoin (BTC) to its balance sheet.Tesla’s latest Form 10-K filing for the fiscal year ended Dec. 31, 2020 shows a $1.5 billion allocation to
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Once Tesla accepts Bitcoin as a form of payment, it is expected to increase the demand for BTC to new heights that affects the market price directly.In an SEC filing on Monday, Tesla Inc (NASDAQ: TSLA) announced that it invested $1.5 billion in Bitcoin (BTC). The mega-tech and automobile company
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Bitcoin exploded to a new record high on Monday after Tesla revealed that it had purchased around $1.5 billion worth of the cryptocurrency in January. The flagship cryptocurrency reached $44,900 ahead of the New York opening bell, pointing to extended gains as traders rejoiced the entry of the Wall Street’s fifth-largest
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Elon Musk’s Tesla invested $1.5 billion in Bitcoin, according to its latest filing with the US Securities and Exchange Commission. The American vehicle giant reported that it changed its investment policies in January 2021 to “further diversify and maximize returns” on the cash it did not require for operational liquidity.
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Quick take:Anthony Pompliano sees Tesla and SpaceX adding Bitcoin to their balance sheetThis comes after Elon Musk changed his Twitter bio to simply read ‘Bitcoin’Bitcoin has since rallied from the $32k price area to around $38kBack in late December, Michael Saylor had suggested that Elon convert Tesla’s balance sheet to
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Tim Draper, the billionaire Bitcoin (BTC) investor who also invested early in Tesla, reacted to the company's CEO and world's richest man, Elon Musk, adding #Bitcoin to his Twitter bio to join the likes of Twitter CEO Jack Dorsey and Reddit co-founder Alexis Ohanian.Draper, who holds around 30,000 BTC according
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Despite the gloomy EV deliveries in the EU, Wedbush Analyst Dan Ives believes the best days for Tesla are yet ahead and gives the stock a new 12-month price target of $950.American electric vehicle (EV) automaker Tesla Inc (NASDAQ: TSLA) has received a bull case target from Wedbush Securities analyst
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Despite the current performance of Tesla, analysts, including those bullish on the stock, are projecting a moderate price target.The shares of electric vehicle manufacturing company Tesla Inc (NASDAQ: TSLA) is down in the pre-market today stirring speculations that the shares of the most valuable automotive company in the world may
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Elon Musk, the iconic CEO of American electric vehicle and clean energy company Tesla and aerospace manufacturer and space transportation services company SpaceX has revealed that he would not mind getting paid in Bitcoin.Elon Musk revealed his stance toward Bitcoin in a Twitter conversation over the weekend in which he
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TSLA stock rallied 4% on the first day of 2021 as Tesla managed to hit a milestone of 500,000 Tesla cars produced in 2020. At above $700 billion market cap, Tesla is now the sixth-most valuable company in the world.On Monday, January 4, the first trading day of 2021, the
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