Tesla (NASDAQ: TSLA) ended the day down about 4.9% with the headline event being the new wildcard of a potential share block sale by Elon Musk. The drop for Tesla ran counter to a big day for the electric vehicle sector in general with investors rushing back into EV battery and manufacturing names following the infrastructure bill signing.
Full Answer
Why everyone should sell Tesla stock now?
Apr 08, 2022 · If you bought Tesla stock right after the IPO and held on, you'd be looking at an 1,000%-plus return today. Since the sudden growth in 2013 Tesla's stock price history has been one of extreme ...
Why is Tesla a good investment?
2 days ago · Why Tesla Stock Keeps Falling By Rich Smith - Apr 11, 2022 at 11:48AM You’re reading a free article with opinions that may differ from …
Is Tesla going to split?
Nov 09, 2021 · Tesla stock closed down 11.99% on Tuesday, extending losses for a second day, after CEO Elon Musk over the weekend proposed selling 10% of his shares in the electric vehicle business. The drop is ...
When will Tesla stock drop?
Sep 28, 2021 · Why Tesla Stock Dropped Today. ... Suffice it to say, though, that if that's going to happen, Tesla stock is going to have to drop a whole lot more than just 2%.
The EV leader is making a bigger move into the Bitcoin market
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What happened
Shares of Tesla ( NASDAQ:TSLA) fell 4.8% on Wednesday after CEO Elon Musk announced that customers could now purchase its electric vehicles with Bitcoin ( CRYPTO:BTC) .
So what
Tesla disclosed in February that it invested $1.5 billion in Bitcoin. It said at the time that it expected to begin accepting the cryptocurrency as a form of payment for its vehicles "in the near future." Today, Musk made it official.
Now what
Tesla's initial investment bolstered Bitcoin's legitimacy among investors and corporate management teams. Combined with Musk's support of Bitcoin on social media sites like Twitter, Tesla's foray into digital assets helped to drive the cryptocurrency's price up to record highs above $60,000 earlier this month.
