
Shareholders accused Tesla boss Elon Musk of “brazen disloyalty” with his xAI startup that created “billions in AI-related value at a company other than Tesla.”
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Tesla held onto its sizeable Bitcoin bags in the third quarter and upped its spending on artificial intelligence and research and development.
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It’s a game of cat and mouse for BTC price and TSLA stock this month, but so far, Tesla is staging a stronger rebound.
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It’s a familiar scenario to start the week as Bitcoin follows TSLA downhill after rallying overnight.
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The eccentric billionaire polled his Twitter followers but already had the sale planned due to tax obligations.
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Many stocks of publicly traded firms that are exposed to Bitcoin have suffered significant drawdowns this month.
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Ever since Tesla announced the company held $1.5 billion in bitcoin on its balance sheet during the first week of February, the company’s stocks have dropped over 30%. One analyst says that Tesla’s shareholders would be “very supportive” if the company announced it would sell the bitcoin. Additionally, the shares of Microstrategy’s firm have also […]
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Tesla stock began to slide in late January, accelerating after the BTC purchase announcement.
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