Tesla Inc (NASDAQ: TSLA) continued its recovery off of Tuesday morning’s lows, but the stock remains down about 14.8% since it announced the company purchased .5 billion of Bitcoin (CRYPTO:BTC) on Feb. 8.
Some traders are now concerned that Bitcoin prices are primarily dictating the direction of Tesla’s stock price, but DataTrek Research co-founder Nicholas Colas said Wednesday there’s another phenomenon weighing on Tesla at the moment.
Bitcoin Prices Not Hurting Tesla: Colas said the […] Tesla's Swoon: Is Bitcoin The Tail Wagging The Dog?
Elon Musk and Grimes welcomed a son together in May 2020. They later revealed that they gave their son one of the most unique monikers ever, as they shared that his name is X Æ A-12 Musk. However, those closest to the couple don’t actually refer to the child by that very untraditional name. Musk’s mother, Maye Musk, reportedly has a simple name for her grandson, according to Page Six.
The publication reported that Maye stated that she calls her newborn grandson only by “X.” Ever since […] Elon Musk's Mom Has Interesting Nickname for Baby X AE A-12
On Monday, Elon Musk lost his position as the world's richest person , after losing more than $ 15 billion of his net worth in a single day. This after Tesla shares plunged more than 10% after investing 1.5 billion dollars in Bitcoin (BTC) .
With the recent drop, Tesla racks up losses by 25% in just one week, according to Forbes data. Thus, the electric car company has lost about $ 215 billion in market capitalization.
To put it in perspective, before the investment in Bitcoin , the […] Tesla Fell 25% and Elon Musk Lost More Than $15 Billion in One Day. Was It Because of Bitcoin?
Fort Lauderdale Mayor Dean Trantalis visited The Boring Company’s (TBC) tunneling projects in Las Vegas and Los Angeles earlier this week. The Florida mayor left the Boring Company’s tunnels on a positive note.
“It was a very productive trip,” Mayor Trantalis said. “We are coming home with a lot of ideas about the commuter rail project + other ways that tunneling could be put to use in resolving our traffic congestion.”
It seems like Trantalis left The Boring Company’s tunnels […] Boring Company visit inspires Fort Lauderdale mayor to explore tunneling to resolve traffic
Electric carmaker’s CEO falls behind Amazon founder Jeff Bezos after tweet saying bitcoin price ‘seems high’
Tue 23 Feb 2021 07.47 EST
Last modified on Tue 23 Feb 2021 08.02 EST
Elon Musk, the maverick boss of Tesla, is no longer the world’s richest person after shares in the electric car company dropped 8.6% on Monday, wiping $15.2bn (£10.8bn) off his fortune.
Musk, who last month leapfrogged Amazon founder Jeff Bezos to take the title of the world’s wealthiest person, […] Elon Musk no longer world’s richest person as Tesla shares fall
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Tesla (TSLA) is synonymous with electric vehicles, but a new generation of EV automakers inspired by CEO Elon Musk’s electrified empire may be coming after its crown.
Lucid Motors, which is headed by former Tesla engineer Peter Rawlinson and promises better performance than Tesla, announced on […] How Tesla and Elon Musk can fight the new EV rivals
Schiff wrote on Twitter: Tesla stock entered a bear market, plunging 20 percent from its all-time high set on January 25th, and 16 percent since disclosing the bitcoin buy.Two weeks ago, Musk and Schiff had another conversation regarding cryptocurrency
[…] Elon Musk reacts to critical tweet with eggplant emoji
Elon Musk’s single word tweet of the word “excession” this week sparked confusion and debate as users searched for meaning.
The billionaire behind rocket company SpaceX and electric car giant Tesla has fueled headlines in recent weeks following some well-publicized tweets about cryptocurrency, specifically bitcoin and dogecoin—and many assumed there was a link.
Wild theories, some tongue-in cheek, suggested there was a deeper meaning in Musk’s post, some ignoring its well-documented ties […] Elon Musk’s Cryptic ‘Excession’ Tweet Leaves Users Wondering What It Means
The world’s no-longer-richest man was apparently bluffing when he threatened to move his East Bay Tesla plant out-of-state, as the plant has just submitted permit requests to expand.
A Bitcoin crash has left Elon Musk no longer the world’s wealthiest person, and in light of the state of Texas’ recent multiple-day power and water infrastructure collapse, we have to wonder — hey Elon, how’s that recent move to Texas working out for you?
.@ERCOT_ISO is not earning that R
That did not […] Despite Threats, Elon Musk Expanding Fremont Tesla Plant, Not Abandoning It
Elon Musk, Tesla and SpaceX CEO, has lost around US$15 billion in 24 hours and is no longer the world’s richest person, according to estimates from Bloomberg
Musk tweeted that the value of the cryptocurrency Bitcoin seemed “high” as it hit a record high of record US$58,354. Tesla had earlier disclosed it held US$1.5 billion worth of bitcoin and it expected to be able to trade in it.
Two weeks after @elonmusk announced that he spent $1.5 billion of shareholder money buying […] Musk loses US$15 billion in one day after Bitcoin tweet