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Tesla has announced that they have moved $1.5 billion of their cash reserves into Bitcoin, and apparently are in talks to begin accepting payments in Bitcoin. One would expect that news like this would be an igniter for Tesla shares; however on close there really wasn't much in the way of movement in the share price. Perhaps the retail euphoria has moved elsewhere?
That elsewhere is probably Bitcoin - which is approached +20% growth on the day.
What a time to be alive!
Tesla has announced that they have moved $1.5 billion of their cash reserves into Bitcoin, and apparently are in talks to begin accepting payments in Bitcoin. One would expect that news like this would be an igniter for Tesla shares; however on close there really wasn't much in the way of movement in the share price. Perhaps the retail euphoria has moved elsewhere?
That elsewhere is probably Bitcoin - which is approached +20% growth on the day.
What a time to be alive!
