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06 August 2021
04:32 hour

Elon Musk says Tesla has diamond hands; Cathie Wood still sees Bitcoin to $500,000

Seeking Alpha

19/05/2021 - 17:19


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  1. 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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  2. Crypto: Elon Musk, Jack Dorsey plan bitcoin chat at July event and Ark Invest’s Cathie Wood thinks it’s ‘brilliant’ (25/06/2021 - Market Watch)
    Bitcoin bulls Jack Dorsey and Elon Musk agreed over Twitter to discuss the world's No. 1 crypto at a coming event next month and ARK Invest's Cathie Wood declared the idea “brilliant.”
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  3. '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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  4. 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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  5. 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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  6. : ‘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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  7. 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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  8. 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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  9. Cathie Wood says her confidence is growing in Tesla, Ark Invest has been adding to position (17/02/2021 - Reddit Stocks)
    https://www.cnbc.com/2021/02/17/cathie-wood-says-her-confidence-is-growing-in-tesla-ark-invest-has-been-adding-to-position.html Cathie Wood said Ark Invest is still bullish on Tesla and continues to buy up shares of the electric carmaker. Cathie wood is managing the ark funds very well and she still believe that tesla will be able to transform the world. Arkk and tesla are both going down now and investors could buy those shares now for a long term holding. Tesla under $800 is a good entry point, with tesla start to entering India market, that will be a big grow opportunity.   submitted by   /u/coolcomfort123 [link]   [comments]
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  10. 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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  11. : 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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  12. 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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  13. Cathie Wood (ARK) is delusional. She is trying to manipulate the value of Tesla stock. (21/03/2021 - Reddit Stocks)
    "Cathie Wood’s Ark Invest said it expects Tesla Inc’s share price to reach the $3,000 mark by 2025. Ark expects Tesla's market capitalization to reach as high as $4 trillion in the best-case scenario, according to a research note published here on Friday." Tesla stock is already overvalued +X8 times based on car sales. All future innovations for the next 100 years including Mars colonization are already factored in in Teslas massive overvaluation. Folks, Tesla will not be worth 4 trillion by 2025. That is ridiculus. She is just trying to manipulate the market. SEC should open a case against her. Tesla is not even worth $100 billions based on car sales and its balance sheet (net income) Tesla stock will lose more value. It will normalize in the $150-200 range by the end of the Spring season. If you own Tesla, take Cathie's desperate attempt to manipulate the market as a red flag, and realize your gains if you have any. Tesla is collapsing and even Elon Brother's sold a portion of his stock in the $800-900 range, Elon's family knows that TSLA will never reach $1,000 in the next 5 years. Cathie Wood's Ark expects Tesla stock to reach $3000 by 2025   submitted by   /u/_bono983 [link]   [comments]
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  14. Elon Musk’s Tesla share price could jump over three times to $3,000 by 2025, says Cathie Wood’s ARK (23/03/2021 - Financial Express)
    ARK Invest, in a post on their website earlier last week said that they see a 50% possibility of Tesla stocks quoting a price of $3,000 by 2025, which is their base case for the stock.
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  15. 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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  16. Key Words: Tesla shares on the rebound after selloff. ‘We bought a lot,’ says ARK’s Cathie Wood (24/02/2021 - Market Watch)
    One of the biggest Tesla investors on Wall Street, ARK Invest's Cathie Wood, has been buying the Tesla dips.
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  17. Key Words: Tesla shares on the rebound after selloff. ‘We bought a lot,’ says ARK’s Cathie Wood (24/02/2021 - Market Watch)
    One of the biggest Tesla investors on Wall Street, ARK Invest's Cathie Wood, has been buying the Tesla dips.
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  18. ARK's Cathie Wood responds to Elon Musk on S&P ratio to GDP (11/04/2021 - Seeking Alpha)

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  19. 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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  20. Market Extra: Bitcoin may replace bonds, Cathie Wood says (25/02/2021 - Market Watch)
    Bitcoin should be considered a new asset class, one that may even serve as a reserve currency in the future, ARK Invest’s Cathie Wood said Thursday.
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  21. 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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  22. The Tell: Bitcoin could hit $250,000 if U.S. companies opt to do this, says Cathie Wood (17/02/2021 - Market Watch)
    Cathie Wood, the chief executive of ARK Invest and manager of the popular ARK Innovation exchange-traded fund, says that a single bitcoin could be valued at $200,000 more than its current price if more corporations add the cryptocurrency to their balance sheets.
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  23. The Tell: Bitcoin could hit $250,000 if U.S. companies opt to do this, says Cathie Wood (17/02/2021 - Market Watch)
    Cathie Wood, the chief executive of ARK Invest and manager of the popular ARK Innovation exchange-traded fund, says that a single bitcoin could be valued at $200,000 more than its current price if more corporations add the cryptocurrency to their balance sheets.
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  24. 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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  25. The B Word - Highlight Recap w/ Elon Musk, Cathie Wood & Jack Dorsey (27/07/2021 - Reddit Stock Market)
      submitted by   /u/ELeCtRiCiTy_zAp [link]   [comments]
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  26. The B Word - Highlight Recap w/ Elon Musk, Cathie Wood & Jack Dorsey (27/07/2021 - Reddit Stock Market)
      submitted by   /u/ELeCtRiCiTy_zAp [link]   [comments]
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  27. 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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  28. Elon Musk sounds caution on cryptocurrency: ‘Don’t risk life savings, invest with caution’ (07/05/2021 - Financial Express)
    Tesla’s Elon Musk -- a long-time proponent of cryptocurrencies -- has sounded a note of caution for investors looking to gain from the boom in the prices of Bitcoin, Ethereum, Dogecoin and others
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  29. Cryptos: Bitcoin rises as Elon Musk says, ‘I might pump, but I don’t dump’ (21/07/2021 - Market Watch)
    Elon Musk sends bitcoin and other crypto prices jumping Wednesday as he participates in a panel discussion.
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  30. 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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  31. 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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  32. Elon Musk and Tesla are Bitcoin investors, is this the year for a Bitcoin ETF? (10/02/2021 - Seeking Alpha)

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  33. 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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  34. Crypto: Cathie Wood’s Ark Invest just applied to offer the first bitcoin ETF (28/06/2021 - Market Watch)
    You can throw Cathie Wood's ARK Invest in the ring of companies hoping to eventually offer a bitcoin-back exchange-traded fund?
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  35. Need to Know: Ahead of Tesla results, Cathie Wood says Wall Street’s valuing it all wrong (26/07/2021 - Market Watch)
    Our call of the day comes as investors wait for electric-vehicle giant Tesla to report later. Wall Street doesn't get it, says ARK's Cathie Wood.
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  36. NewsWatch: Ahead of Tesla results, Cathie Wood says Wall Street’s valuing it all wrong (26/07/2021 - Market Watch)
    Our call of the day comes as investors wait for electric-vehicle giant Tesla to report later. Wall Street doesn't get it, says ARK's Cathie Wood.
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  37. Tesla ($670) has lost 25% of its value since it peaked at $900.4. (27/02/2021 - Reddit Stocks)
    Kimbal Musk, Elon's brother, sounded the alarm when he started to realize his gains at the $800-900 range. Now Tesla is experiencing plant closures, recalls, and Elon seems to be distracted with Bitcoin. At this rate, the stock will hit $500 by the end of next week. The market is almost all red. Momentum has decreased, people are realizing their gains. Not a good time to buy Tesla or any stock overall.   submitted by   /u/_bono983 [link]   [comments]
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  38. Elon Musk plays catch up with Jeff Bezos on rich list; Tesla stocks surge 20% to recoup some losses (10/03/2021 - Financial Express)
    Shares of Elon Musk’s company gained 20% on Tuesday as NASDAQ jumped 4% during the day. Tesla was quoting a price of $673 apiece on closing yesterday.
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  39. 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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  40. : Elon Musk says Tesla will open up ‘Supercharger’ stations to other EVs (20/07/2021 - Market Watch)
    Tesla Inc. Chief Executive Elon Musk tweeted Tuesday that the Silicon Valley electric-car maker will open its fast-charging network to other EVs later this year.
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  41. 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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  42. Ark Invest's Cathie Wood on Tesla's recent dip and Bitcoin (24/02/2021 - Reddit Stock Market)
      submitted by   /u/NRG_88 [link]   [comments]
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  43. 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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  44. Elon Musk says Tesla vehicles can now be bought using bitcoin (24/03/2021 - Investing.com)

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  45. Interesting Start To 2021 For Cathie Wood And ARK Invest Funds (02/03/2021 - INO.com)
    In 2018 an unknown woman came out and proclaimed Tesla (TSLA) was wildly undervalued when the stock was already trading for many multiples, and at levels, most investors considered grossly overvalued. Flash forward to 2020, and most of what this woman name Cathie Wood had proclaimed years prior about Tesla's stock came true. Back then, […] The post Interesting Start To 2021 For Cathie Wood And ARK Invest Funds appeared first on INO.com Trader's Blog.
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  46. Elon Musk pushes Dogecoin’s price down; crypto declines to 50 Cents after Tesla chief explains what it is (09/05/2021 - Financial Express)
    Dogecoin’s prdeclined nearly 22 per cent during the early US hours on Sunday after Tesla's Elon Musk, the self-proclaimed ‘Dogefather’, replied that it is a 'hustle' on the SNL show.
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  47. 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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  48. Elon Musk and Dave Portnoy debate Tesla's bitcoin moves (27/04/2021 - Seeking Alpha)

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  49. Tesla AI Day August 19th (29/07/2021 - Reddit Stocks)
    Tesla's Elon Musk recently announced via his Twitter feed that the automaker is going to be holding a long-awaited Tesla AI Day sometime soon. The purpose of Tesla's upcoming AI Day is to recruit fresh talent to take Full Self-Driving software to the next level. In turn, Musk and his team are expected to give a detailed account of ongoing progress surrounding the development of Tesla's self-driving artificial intelligence efforts. Confirmed by Elon just now. https://twitter.com/elonmusk/status/1420594788567601152   submitted by   /u/GadnukBreakerOfWrlds [link]   [comments]
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