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28 July 2021
18:26 hour

Tesla will 'most likely' restart accepting bitcoin as payments, says Musk

Investing.com

21/07/2021 - 22:43


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Related headlines:

  1. Cryptos: Elon Musk tweets about Dogecoin, and prices immediately jump (14/05/2021 - Market Watch)
    A day after revealing that Tesla Inc. would stop accepting bitcoin as payment for its cars, Tesla Chief Executive Elon Musk suggested Thursday that another cryptocurrency, DogeCoin, could be turned into a suitable replacement.
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  2. Elon Musk says Tesla most likely to resume accepting Bitcoin post ‘due diligence’ on renewable energy (22/07/2021 - Financial Express)
    Tesla is currently the second-highest public Bitcoin holder with 42,902 BTC worth $1.3 billion following 105,085 BTC held by MicroStrategy worth $3.39 billion.
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  3. Elon Musk says Tesla will likely start accepting bitcoin again (22/07/2021 - Reddit Stock Market)
      submitted by   /u/SafetyParty6106 [link]   [comments]
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  4. Elon Musks lays out when Tesla will begin accepting Bitcoin payments (13/06/2021 - Investing.com)

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  5. Elon Musk’s U-turn on Bitcoin: Tesla won’t accept it to sell cars; Bitcoin sinks, Tesla shares fall (13/05/2021 - Financial Express)
    While Tesla has now suspended transactions using Bitcoin, the company will explore the use of other cryptocurrencies that use less than 1% of Bitcoin’s energy per transaction
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  6. Cryptos: Elon Musk implies Tesla could dump its bitcoin holdings (16/05/2021 - Market Watch)
    Prices of the leading cryptocurrencies continued to slide Sunday, with bitcoin falling after Elon Musk suggested Tesla Inc. has sold or may sell its remaining bitcoin assets.
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  7. Weekly Roundup: Tesla stops accepting Bitcoin payments, Ethereum is overpriced, eBay enables NFT trading on its platform (16/05/2021 - Investing.com)

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  8. Did Elon Musk sell his Bitcoin? No. Tesla CEO explains why his company sold 10% of its holding (27/04/2021 - Financial Express)
    Elon Musk said his Tesla Inc has told 10 per cent of its Bitcoin holdings to prove the liquidity of the cryptocurrency.
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  9. : ‘You can now buy a Tesla with bitcoin,’ Elon Musk says (24/03/2021 - Market Watch)
    Bitcoin prices were given another boost on Wednesday after Tesla CEO Elon Musk said the cryptocurrency can now be used to buy Tesla vehicles.
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  10. Elon Musk reveals the 5 big investments that fuel his more than $160 billion net worth (23/07/2021 - Reddit Stock Market)
    Elon Musk reveals the 5 big investments that fuel his more than $160 billion net worth | Markets Insider (businessinsider.com) Matthew Fox Jul. 23, 2021, 08:36 AM Elon Musk's net worth topped more than $160 billion this year, making him the second richest person on Earth. Musk's net worth is driven by five investments, which he revealed at a conference on Wednesday. These are the five holdings behind Musk's net worth. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Elon Musk's net worth of more than $160 billion makes the Tesla CEO the second richest person on Earth, just behind Amazon founder Jeff Bezos. At a bitcoin-focused conference on Wednesday, Musk revealed the 5 big investments that fuel his massive wealth. Unsurprisingly, his wealth, like most billionaires, is highly concentrated in a handful of names, and Musk is only invested in one public company. These are the 5 big investments driving Elon Musk's more than $160 billion net worth. 5. Dogecoin Dogecoin Musk's Stake: Unknown. Coined "the dogefather," Musk has been a long-time proponent of dogecoin and often tweets jokes about the meme-inspired cryptocurrency. In May, Dogecoin peaked at about $0.75 in anticipation of Musk's hosting of Saturday Night Live. Since its peak, dogecoin is down more than 70%. 4. Ethereum Ethereum Musk's Stake: Unknown 3. Bitcoin Bitcoin Musk's Stake: Unknown. "The bitcoin I own is worth much more than the ethereum or doge [that I own]," Musk said at Wednesday's conference. Musk added that both SpaceX and Tesla own bitcoin, and that he is open to Tesla accepting bitcoin as a form of payment again once bitcoin mining is more reliant on clean energy. 2. SpaceX John Raoux/AP Photo Stake: Estimated at 48%, but could be lower if Musk's stake was diluted during the last funding round. Value: $35 billion, based on SpaceX's last funding round valuation of $74 billion, and assuming Musks till owns 48% of the space exploration company. 1. Tesla Xinhua/Ding Ting via Getty Images Stake: 22.4%, as of December 31. Musk can still receive billions more in Tesla stock based on his pay agreement. Value: $141 billion, based on Tesla's market valuation of $631 billion as of July 21. Aside from the investments listed above, Musk added that he owns a stake in two of his early-stage private companies, Neuralink and Boring Company, but that those investments are of little significance in value relative to the others.   submitted by   /u/SavannahSmiles_ [link]   [comments]
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  11. Musk's Tesla electrifies bitcoin with $1.5 billion bet, car payments pledge (08/02/2021 - Investing.com)

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  12. Bitcoin surges 15% to top $38,000, boosted by comments from influential investors and chatter about Amazon getting into crypto (26/07/2021 - Reddit Stock Market)
    https://finance.yahoo.com/news/bitcoin-surges-15-top-38-085521284.html Shalini Nagarajan Mon, July 26, 2021, 4:55 AM OZAN KOSE/AFP via Getty Images Bitcoin rose 15% to its strongest level since mid-June on Monday. Positive remarks by Elon Musk, Jack Dorsey, and Cathie Wood at "The B Word" event helped drive the gains. Chatter about Amazon possibly accepting bitcoin payments by the end of 2021 are seen as adding further support. Bitcoin leapt 15% on Monday to rise above $38,000 for the first time in about six weeks, after remarks from influential commentators and a report that Amazon is considering accepting payments in the cryptocurrency helped restore bullish investor sentiment. The coin was trading at around $38,750 as of 3:15 a.m. ET, representing a 33% gain so far this year. It had earlier hit a 24-hour high of about $39,544, its highest level since mid-June. After being stuck in a descending slope for three months, bitcoin broke out at the top end of recent levels following positive comments from leading CEOs Elon Musk, Jack Dorsey, and Cathie Wood at "The B Word" event last week. Tesla CEO Musk said the electric-vehicle maker would be open to accepting bitcoin as payment again, as long as the mining community strives to move towards efficient energy use. Twitter boss Dorsey said that bitcoin is a big part of the social-media platform's future, and that he's working to make an accessible wallet for it via payments company Square. A report from London's City A.M. about Amazon possibly accepting bitcoin payments by the end of 2021 also helped drive the digital currency's move higher. The roll-out may not take long, since the online retail giant has been working on these plans since 2019, a source told the newspaper, it reported. Amazon is also looking to hire someone to lead its digital currency and blockchain initiatives. The re-emergence of institutional experts, along with Goldman Sachs' recent services for institutional trades in bitcoin, helped drive the weekend rally for bitcoin, Jeffrey Halley, a senior market analyst at OANDA, said in a note on Monday. I still believe the entire sector and un-stable coins are complete nonsense that will lose small investors billions, but the people have spoken, and the digital Dutch tulips look ripe for a large rally in the short term," Halley said.   submitted by   /u/SavannahSmiles_ [link]   [comments]
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  13. : Tesla stock and bitcoin drop after Elon Musk says car sales with crypto will be halted due to energy usage of mining (13/05/2021 - Market Watch)
    Tesla Inc. will halt sales of cars using bitcoin due to the effects on the environment mining the cryptocurrency can have, Chief Executive Elon Musk said Wednesday, and prices of Tesla shares and the cryptocurrency dropped immediately after.
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  14. Elon Musk’s fresh salvo at Bitcoin: ‘Not decentralised, Dogecoin is better’; sends Bitcoin tumbling 16% (17/05/2021 - Financial Express)
    Tesla chief Elon Musk’s latest Twitter duel has revealed more on why the world’s second-richest person and a Bitcoin believer till recently has suddenly turned against it.
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  15. Here’s how much Tesla’s Elon Musk owns in bitcoin now from only 0.25 BTC back in 2018 (21/03/2021 - Financial Express)
    Elon Musk had bought $1.5 billion in bitcoin in February this year that had renewed the argument around his priority to address climate change on one hand and bitcoin’s impact on the environment due to the immense energy required to mine it on the other.
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  16. Elon Musk - Mark Cuba -- Dont Get diverted. Selfish and more dangesrous (09/02/2021 - Reddit Stock Market)
    There is no innovation and Profits at Tesla. Musk has gone rogue in Reddit and Twitter to make money by involving Jonker activities by channelling his failures and masking actual profits of Tesla. Musk is a bigger problem for all the people who are working for Tesla as your lives are also gambled the way Musk is doing. FinCen of US along with IRS, Treasury should look how the thugs and criminals are using BitCoin and the like to prevent regulatory efforts in Anti Societal activities. Elon Musk interviewing RobinHood is not a Judge. Another dongere in this is Mark Cuban, who is accomplice with Elon on Reddit. Another cheapo of his life There is no innovation coming out of Tesla and Elon Musk . Only Anti social activities on Reddit , Elon Musk, Tesla, SpaceX News by Tesla Oracle u/Rogue u/Anti Social Element Mark Cuban - Newslines Tesla   submitted by   /u/AcceptableStick7480 [link]   [comments]
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  17. 'I might pump but I don't dump': Elon Musk outlined his broad approach to crypto investing in a panel also featuring Cathie Wood and Jack Dorsey (22/07/2021 - Reddit Stock Market)
    'I might pump but I don't dump': Elon Musk outlined his broad approach to crypto investing in a panel also featuring Cathie Wood and Jack Dorsey | Currency News | Financial and Business News | Markets Insider (businessinsider.com) Isabelle Lee Jul. 21, 2021, 03:11 PM Elon Musk on Wednesday said he is a supporter of bitcoin and wants to see the cryptocurrency succeed. "If the price of bitcoin goes down, I lose money. I might pump but I don't dump," Musk said during "The B Word" event. Musk spoke on the panel alongside Twitter chief Jack Dorsey and Ark Invest CEO Cathie Wood. Elon Musk on Wednesday detailed his thoughts on cryptocurrencies, saying on a live panel that he is a supporter of bitcoin and would like to see the asset succeed. "If the price of bitcoin goes down, I lose money. I might pump but I don't dump," Musk said during "The B Word" event, which also featured Twitter chief Jack Dorsey and Ark Invest CEO Cathie Wood. He continued: "I definitely do not believe in getting the price high and selling or anything like that. I'd like to see bitcoin succeed." The Tesla boss also admitted that he holds "far more" bitcoin than dogecoin or ether. "The doge community I think is somewhat irreverent obviously ... and it doesn't take itself too seriously," he said. "The most ironic and entertaining outcome would be that the cryptocurrency that was started as a joke to make fun of cryptocurrencies ends up being the leading cryptocurrency." Apart from cryptocurrencies, he said he only owns stock of Tesla and SpaceX, and confirmed that both companies hold bitcoin in their balance sheets. The energy consumed by bitcoin mining came under the microscope in May after Musk abruptly suspended the purchase of Tesla vehicles using bitcoin due to environmental concerns. Since then, his influence over the cryptocurrency community has waned somewhat. But Musk insisted his reticence on bitcoin's energy usage is not financially motivated. While he doubled down on the negative impacts of bitcoin mining on the environment, he did say during the panel that Tesla is open to accepting bitcoin as payment again. "I do think long-term renewable energy will actually be the cheapest form of energy. It just doesn't happen overnight," he said. "But as long as there is a conscious and determined and real effort by the mining community to move towards renewables, then obviously Tesla can support that." Cryptocurrencies, led by bitcoin, have struggled recently to rebound from a massive crash in May when the value of the total market dropped by nearly half in just seven days.   submitted by   /u/SavannahSmiles_ [link]   [comments]
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  18. Crypto: Musk says Tesla sold about 10% of bitcoin to test market, and will ‘resume allowing crypto transactions’ when 50% of miners are green (13/06/2021 - Market Watch)
    Prices of the world's No. 1 crypto on Sunday trade sharply higher after digital-asset bull Elon Musk says Tesla would resume allowing transactions at the vehicle-maker's stores when key members of bitcoin infrastructure can confirm that 50% of the energy used to mine for bitcoin is derived from clean energy sources.
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  19. Market Extra: Musk’s Tesla says it invested $1.5 billion in bitcoin, sending the cryptocurrency to record levels near $44,000 (08/02/2021 - Market Watch)
    Elon Musk's Tesla Inc. announces that it acquired $1.5 billion in bitcoins in January and said it could accept the world's No. 1 digital asset for payment in the future.
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  20. If you invested in Tesla or S&P 500, you now hold Bitcoin too, whether you like it or not (16/02/2021 - Financial Express)
    Tesla’s famed CEO Elon Musk invested a staggering $1.5 billion of the company’s money into buying Bitcoin.
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  21. Link Reservations start accepting bitcoin/crypto payments (16/07/2021 - Seeking Alpha)

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  22. Cryptos: Bitcoin bulls on social media reject Musk’s reasoning for halting crypto-based car sales (13/05/2021 - Market Watch)
    Staunch supporters of bitcoin on Wednesday night were questioning Elon Musk's crypto bona fides after the CEO of Tesla Inc. said that the company would halt its experiment of selling its electric vehicles using bitcoin due to "rapidly increasing use of fossil fuels" mining the digital asset.
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  23. Lithium Americas and Tesla? (13/05/2021 - Reddit Stocks)
    Recently Elon stated Tesla will no longer be accepting Bitcoin due to Bitcoins harsh environmental impact. Theres been constant speculations about Tesla partnering with Lithium Americas as there is a Tesla factory relatively close to where Lithium Americas is located in Nevada... What might be the future and likeliness of Tesla still looking towards LAC, as LAC itself has been met with lots of protest for its environmental hazards due to its mining process.   submitted by   /u/Doyouwanttoascend [link]   [comments]
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  24. Could Tesla actually sell its cars in pure bitcoin (not dollar-denominated) and make a massive gain on its $1.5bn stake in the process? (23/04/2021 - Reddit Stocks)
    I'm real stoney baloney here... but... What if Tesla were to announce that instead of selling a car for say $50,000 ... it sells it for 1 bitcoin instead (regardless of the $-value of bitcoin). Right now bitcoin is ~$50,000 so its about an even tradeoff. Now... what if Tesla were to instead sell that $50,000 car for 0.1 bitcoin? Do you think that Tesla's pricing would be enough to shoot up the price of bitcoin (theoretically up to 10x)? If bitcoin goes up, Tesla could make a pretty penny on its stake if it decides to sell. Would this even be legal lol? Is it totally insane? Now that I wrote it out this seems insane and like market manipulation. But funny to think about. I do wonder if Tesla will ever sell its cars in pure bitcoin rather than dollars, and how that would work.   submitted by   /u/Throw_away2579 [link]   [comments]
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  25. Anonymus is going against Musk and therefore Tesla, because of Bitcoin, Child labour in Batterie manufacturing and derailed public aid (06/06/2021 - Reddit Stocks)
    I won’t Post any links as it’s mostly reported by networks that are associated with the European Fake Anonymous right wing Trolls, but if it’s the right anonymus there will be though weeks ahead for Tesla, Bitcoin and probably Ark.   submitted by   /u/bungholio99 [link]   [comments]
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  26. Elon Musk and Tesla are Bitcoin investors, is this the year for a Bitcoin ETF? (10/02/2021 - Seeking Alpha)

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  27. (TSLA) It looks like Tesla is positioned to leverage some ground-breaking financial power... correct me if I'm wrong... (28/02/2021 - Reddit Stock Market)
    I'm not an experienced investor and none of this constitutes investment advice... Tesla currently holds a non-negligible portion of all of the BTC in existence. Not only that, but Musk has made it publicly known that Tesla plans to begin accepting BTC as payment for vehicles... OPPORTUNITY FOR MUSK: Set a price point for BTC. Let's say Musk decides to charge 0.5 BTC for a model of Tesla that is presently trading for $50,000. BTC is now tangibly worth $100,000 in an instant. Until other massive corporations do the same, BTC is Musk's little angel. Musk will be snatching up BTC for EVs as its value blows up to nearly double what it is now. I think Catherine Wood understands this and called the floor of TSLA's dip this past week. I don't think she is crazy for calling a $7000 ceiling for the stock as well. She just purchased $150 Million of TSLA shares for her ETFs this past week, which is so much that it now constitutes 10% of her ARK Innovation ETF (practically double the size of the second largest holding in that ETF). Can anyone seriously conjure up a bear argument? I think all the negative press surrounding the entire market is just to scare the little guys away. Rising bonds yields just means the pparties issuing the bonds believe they can do a lot with any money they can invest in the market very quickly...   submitted by   /u/NeuralNetworth420 [link]   [comments]
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  28. Cryptos: Dogecoin, bitcoin prices climb as Elon Musk solicits help to improve meme coin, talks sustainability with miners (24/05/2021 - Market Watch)
    The crypto community has felt whipsawed by prominent technologist Elon Musk and that is not likely to change this week, with the Tesla CEO saying that he's working on two efforts that could be read as bullish in the longer term for dogecoin and bitcoin.
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  29. NewsWatch: Elon Musk is ‘definitely too influential on Bitcoin prices’ says head of crypto hedge fund—but that may change (05/06/2021 - Market Watch)
    Elon Musk caused more calamity in bitcoin price action late Thursday and into Friday, leading at least one crypto hedge-fund manager to describe the Tesla Inc. CEO and prolific tweeter as “too influential on bitcoin prices.”
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  30. Interesting take on Tesla's recent BTC move by Coindesk's director of research Noelle Acheson (14/05/2021 - Reddit Stocks)
    Musk's comments on Bitcoin were a "four-dimensional chess move" Coindesk's director of research Noelle Acheson explains to Yahoo Finance why Elon Musk's recent comments regarding Bitcoin and sustainable energy were more layered than it may have initially appeared. Source: https://finance.yahoo.com/video/musks-comments-bitcoin-were-four-010125429.html I think she makes a very interesting case for why Tesla's move is both a positive for BTC as well as not a negative for Tesla. Essentially what she's saying is: Buying a Tesla with BTC was just a PR stunt in the first place. The whole idea about BTC (today) is that it's a store of value, so why would people want to buy a car with it? Plus anyone who really wants to do so can still sell his BTC for USD and buy the car that way. So (temporarily) disabling that option doesn't actually matter much at all for Tesla nor BTC. But, by removing this option because of sustainability concerns, they publicly put more emphasis on the environmental impact of Bitcoin and may encourage sustainable mining. After all, bad PR is bad for BTCs price and the profitability of the mining. Meanwhile, Tesla is still keeping their $1,5B worth of BTC on their balance sheet. They bought this because they wanted an asset that has a high liquidity, but doesn't suffer from inflation and preferably even has a potential ROI. Musk said they are not selling any, so their decision didn't change anything about their strategy. So all in all, this whole saga may help BTC to become more sustainable, while Tesla still has $1,5B worth of assets that is not diminishing due to inflation, has a potential ROI and can be liquidated at any time they require the funds.   submitted by   /u/Ehralur [link]   [comments]
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  31. Bitcoin bombshell: Crypto king may pole vault to eye popping $400k mark this year with over 6x growth (11/04/2021 - Financial Express)
    Elon Musk’s Tesla, which recently bought $1.5 billion Bitcoin, could be an “inflection point” for Bitcoin that may mark a shift towards “risk-off”.
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  32. Crypto: Elon Musk is ‘definitely too influential on Bitcoin prices’ says head of crypto hedge fund—but that may change (04/06/2021 - Market Watch)
    Elon Musk caused more calamity in bitcoin price action late Thursday and into Friday, leading at least one crypto hedge-fund manager to describe the Tesla Inc. CEO and prolific tweeter as “too influential on bitcoin prices.”
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  33. Can Elon Musk, Cathie Wood and Jack Dorsey Save Bitcoin? (21/07/2021 - Reddit Stock Market)
    Can Elon Musk, Cathie Wood and Jack Dorsey Save Bitcoin? - TheStreet BRET KENWELL JUL 21, 2021 2:53 PM EDT Bitcoin is doing its best to keep its head above water. Can Musk, Wood and Dorsey throw it a life preserver or will it continue to sink? Bitcoin prices have been under heavy pressure for several months. But on Wednesday the cryptocurrency is up about 8%. Today’s gains aside, it hasn’t been pretty. Bitcoin is still down 50% from its April high, as the stock peaked on the same day Coinbase (COIN) came public. Despite big names advocating for Bitcoin, the cryptocurrency hasn’t been able to find its stride. Tesla (TSLA) - Get Report Chief Executive Elon Musk, Ark Invest’s Cathie Wood and Jack Dorsey of Twitter (TWTR) - Get Report and Square (SQ) - Get Report are coming together to discuss the cryptocurrency at the latest Bitcoin conference, “The ? Word.” Dorsey just last week even unveiled Square’s new Bitcoin platform. Will the trio be able to create enough of a stir to jumpstart Bitcoin? So far, the pre-event hype has driven it higher, but there’s no guarantee that it will last. Let’s look at the charts. Trading Bitcoin Daily chart of Bitcoin (Chart courtesy of TrendSpider.com) Yesterday, Bitcoin prices broke below $30,000 as the entire space was under pressure.   submitted by   /u/SavannahSmiles_ [link]   [comments]
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  34. Bitcoin price crash is weighing on Tesla's stock: analyst (22/06/2021 - Reddit Stock Market)
    https://finance.yahoo.com/news/bitcoin-price-crash-is-weighing-on-teslas-stock-analyst-165753643.html Brian Sozzi·Anchor, Editor-at-Large Tue, June 22, 2021, 9:57 AM BTC-USD-0.80% TSLA+0.38% VEDIX-2.21% Bitcoin prices have crashed from the euphoric highs of 2021, and some on the Street think it's weighing on Tesla's stock seeing as it got into the market for the crypto in February. "It [bitcoin] has been quite a bit of a distraction given the size of the company [Tesla]. So it really shouldn't be taking too much impact, but there is a lot of news with the company — I imagine it is creating some volatility for sure," Wells Fargo auto and mobility analyst Colin Langan said on Yahoo Finance Live It's hard to argue the hypothesis. Tesla shares have plunged 27% since the automaker disclosed on Feb. 8 it had purchased $1.5 billion in bitcoin to be held on its balance sheet. Bitcoin prices have sold off by 16% to $32,000 going back to Tesla's announcement. From the record highs of more than $63,000 hit in mid-April (in part fueled by Tesla's bitcoin appetite), bitcoin has shed nearly 50% as regulators in China crack down on mining in the country. Negative tweets on the environmental impact of bitcoin mining from Tesla CEO Elon Musk haven't helped bitcoin prices, either. Musk clarified in mid-May that Tesla hadn't sold any of its bitcoin holdings in the face of such concerns. Despite the assurance from crypto influencer Musk, bitcoin prices have continued to trade with a downward bias given global regulatory concerns. Unless Tesla discloses on its second quarter earnings release in coming weeks it sold off all its bitcoin (thereby breaking the correlation between Tesla's stock and bitcoin), its stock could stay under pressure amid a muted outlook for the crypto's price. J.P. Morgan strategist and bitcoin expert Nikolaos Panigirtzoglou argued recently that medium-term fair value for bitcoin is in the $24,000 to $36,000 range. The analyst thinks the crash in bitcoin off the record highs has badly weakened institutional demand, which is likely to keep prices contained in the near-term. Brian Sozzi is an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.   submitted by   /u/SavannahSmiles_ [link]   [comments]
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  35. Not just Bitcoin, Visa’s move to crypto-based settlements triggers price jump for Ethereum, Bitcoin Cash (30/03/2021 - Financial Express)
    Apart from Visa, institutions, and entrepreneurs such as Mastercard, BlackRock, PayPal, Square, Tesla’s Elon Musk, Jack Dorsey, and more have already been either engaging or dabbling with cryptocurrencies such as bitcoin.
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  36. Musk says you can now buy a Tesla with Bitcoin (24/03/2021 - Seeking Alpha)

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  37. Bitcoin jumps after Musk says Tesla could use it again (14/06/2021 - Investing.com)

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  38. : Elon Musk’s brother Kimbal just sold some Tesla stock. Did he just call a top? (11/02/2021 - Market Watch)
    Kimbal Musk's sale of more than $25 million worth of Tesla Inc. shares caps active days for a few Tesla insiders this week.
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  39. : Elon Musk’s brother Kimbal just sold some Tesla stock. Did he just call a top? (11/02/2021 - Market Watch)
    Kimbal Musk's sale of more than $25 million worth of Tesla Inc. shares caps active days for a few Tesla insiders this week.
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  40. Elon Musk says Tesla vehicles can now be bought using bitcoin (24/03/2021 - Investing.com)

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  41. Cryptos: A bitcoin battle of the billionaires ensues as Jack Dorsey faces off with Musk on ‘green’ merits of world’s No. 1 crypto (15/05/2021 - Market Watch)
    Two of the world's most prominent billionaires Tesla Inc.'s CEO Elon Musk and Jack Dorsey are facing off over the merits of bitcoin, with the future of the world's No. 1 crypto likely hanging in the balance.
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  42. SpaceX begins accepting $99 preorders for its Starlink satellite internet service as Musk eyes IPO (09/02/2021 - Reddit Stocks)
    https://www.cnbc.com/2021/02/09/spacexs-starlink-accepting-99-preorders-as-musk-considers-ipo.html Prospective users of SpaceX's Starlink can now preorder the service for $99. The company's website emphasizes that the preorders are "fully refundable," noting in fine print that "placing a deposit does not guarantee service." Elon Musk's company so far is offering Starlink to customers in the U.S., Canada, and the U.K. The SpaceX CEO also said that "once we can predict cash flow reasonably well, Starlink will IPO."   submitted by   /u/coolcomfort123 [link]   [comments]
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  43. Musk decries bitcoin's 'insane' energy use after Tesla payment U-turn (13/05/2021 - Investing.com)

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  44. Bitcoin hovers near $45,000 as Musk clarifies Tesla hasn't sold any of its holdings (17/05/2021 - Seeking Alpha)

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  45. Elon Musk and Dave Portnoy debate Tesla's bitcoin moves (27/04/2021 - Seeking Alpha)

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  46. Elon Musk’s Tesla tweets violated settlement agreement (02/06/2021 - Reddit Stock Market)
    SEC officials pointed to a tweet on May 1, 2020, in which Musk said that Tesla’s stock price was “too high,” prompting a more than $13 billion decline in the company’s market value, according to the report. The SEC also pointed to Musk tweets from 2019, where he discussed solar roof production numbers without obtaining pre-approvals, the Journal said https://www.cnbc.com/2021/06/01/sec-said-elon-musk-tesla-tweets-violated-settlement-agreement-per-wsj.html   submitted by   /u/valueinvesting_io [link]   [comments]
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  47. Dogecoin gains 8% after Elon Musk says DOGE payments compete with Bitcoin, Ethereum (10/07/2021 - Investing.com)

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  48. Tesla shares: why I think ESG investors will like Elon Musk’s Bitcoin news (18/05/2021 - The Motley Fool UK)
    ESG investing has gained a lot of traction recently. Companies are becoming more conscious of the impact that it can have on performance and also on investor perception. With some investors actually wanting to exclude non-ESG-friendly stocks from their portfolios, avoiding ESG could even be damaging to the share price. With this in mind, how should I view Tesla (NASDAQ:TSLA) shares after the recent news regarding Bitcoin? What has happened? Last Thursday, Elon Musk tweeted that Tesla would be halting purchases of cars using Bitcoin. This comes as a complete reversal of the announcement earlier this year when the company said that people could use the cryptocurrency to buy cars. Tesla shares fell in the immediate aftermath of the tweet, as did Bitcoin. For those with little knowledge of Bitcoin, the link between it and ESG concerns might not be immediately apparent. But Bitcoin is a digital asset, and uses computers to process transactions, mine for other coins and store associated data. As a result, it uses an enormous amount of fossil fuels in order generate the power needed.  Despite Musk’s personal interest in cryptocurrency in general, the Bitcoin story never quite slotted in comfortably with Tesla as a business. Tesla shares have gained in value over the years, partly because it’s an electric car company. It’s seen as the future, for the environment, as well as for other reasons. So to be so focused on ESG-positive elements, and yet push power-hungry Bitcoin was always a slight conflict. Should I buy Tesla shares? Even though Tesla shares fell on the initial tweet, I think this is good news in the longer term. Tesla is an electric car company and is now pivoting to growth after years of losses. For example, in Q1 of this year, it set a new record for car deliveries at 184,800. Profit came in at $438m. So from my point of view, the outlook regarding the core operations of the business is positive. In fact, the company is aiming for 50% annual growth in car deliveries this year. Therefore I think Bitcoin is a distraction that unnecessarily hampers the share price. Musk and Co are good at what they do, so why complicate things? Hopefully, the news around Tesla and Bitcoin dies down, and Tesla shares can trade closer to the underlying performance of the business. It’ll also allow more ESG funds to hold Tesla as a stock. Private investors should also feel more comfortable with buying shares as well. The risk to my view is the unpredictability of Elon Musk. Given the control he still has, I wouldn’t be surprised if he tweets next week that Tesla is now accepting Dogecoin! His actions in general cause high volatility for Tesla shares, and make it hard to accurately make an informed decision. As a result, although I think the recent news will attract more ESG investors, I don’t trust Elon Musk enough to invest my money right now. Government’s Green Dossier Exposes £400Billion Opportunity It was released November 2020, and make no mistake: It’s happening. The UK Government’s 10-point plan for a new “Green Industrial Revolution.” PriceWaterhouse Coopers believes this trend will cost £400billion… …That’s just here in Britain over the next 10 years. Worldwide, the Green Industrial Revolution could be worth TRILLIONS. It’s why I’m urging all investors to read this special presentation carefully… Access this special "Green Industrial Revolution" presentation now More reading Why did the Tesla share price drop last week? Tesla’s share price has fallen 34%. Should I buy the stock now? The Tesla share price is falling. Should I buy now? After Q1 earnings, I’d still buy this stock over Tesla Would I buy the Tesla share after its record profits? jonathansmith1 has no position in any of the shares mentioned. The Motley Fool UK owns shares of and has recommended Tesla. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post Tesla shares: why I think ESG investors will like Elon Musk’s Bitcoin news appeared first on The Motley Fool UK.
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  49. Elon Musk says Tesla has diamond hands; Cathie Wood still sees Bitcoin to $500,000 (19/05/2021 - Seeking Alpha)

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