Tesla News

Tesla’s Bitcoin stash is now worth $1 billion more than when Elon Musk approved the purchase in February.

Volt recently received approval for an ETF that includes stocks in various crypto-related companies.

The decentralized nature of cryptocurrencies may be a challenge for the Chinese government, Elon Musk suggested.

“Looking back on this in one year, two year, three years from now it could be a monumentally dumb decision but it also could be a great decision,” said Dan Markham.

The Nasdaq-listed company recently announced it added another 5,050 Bitcoin to its coffers for about $242.9 million.

NFTs are finding a special place in the gaming industry, offering digital collectibles as incentives.

As of June 30, 2021, MicoStrategy held an approximated 105,085 BTC with a carrying value of $2.051 billion, at a total impairment loss of $689.6 million since acquisition of the digital asset.

Tesla’s latest earnings report showed that the firm conducted no digital asset purchases or sales in Q2 but reported an impairment loss of $23 million on its BTC holdings.

Elon Musk and Michael Saylor have emerged as two of the most influential names in crypto. A new sentiment-driven analysis from The TIE and eToro USA reveal the extent of their influence.

Musk revealed that SpaceX owns Bitcoin and that Tesla may be close to accepting BTC payments again after looking into BTC’s sustainability.

"I want to do a little more diligence to confirm that the percentage of renewable energy usage is most likely at or above 50% and that there is a trend towards increasing that number," said the Tesla CEO.

The 20-day correlation between Tesla stocks and the Nasdaq 100 index has sharply dropped from 0.83 in mid-June to 0.14 as of this week.

As Bitcoin succeeds, it will have a relationship with Elon Musk, and there is every reason to believe that the relationship will be toxic.

Analysts believe reporting requirements may compel Tesla to announce a paper-drawdown of between $25 million and $100 million on its $1.5-billion Bitcoin bet.

Dorsey offered to let Musk share all his curiosities about crypto and otherwise at the July 21 event.