Tesla’s big bitcoin bet could come back to bite the EV maker

Feb 10, 2021 · Tesla’s big bitcoin bet. Tesla’s revelation Monday that it bought $1.5 billion worth of bitcoin has already paid off for the electric vehicle maker, with its holdings growing by 35% …

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Tesla’s Big Bitcoin Bet Could Come Back To Bite The EV Maker

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Tesla's Elon Musk Bet Billions On Bitcoin. Has It Paid Off?

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Feb 8, 2022 · Tesla had invested $1.5 billion in bitcoin in early February 2021. This large investment considered one of the biggest brand endorsers of bitcoin had contributed to the …

thestreet.com

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Elon Musk's Bitcoin Bet Could Cost Tesla $100 Million - Decrypt

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Jul 7, 2021 · Following Bitcoin's rough quarter, Tesla could face an impairment charge on its balance sheet that could cost the company up to $100 million. ... Elon Musk's Bitcoin Bet …

decrypt.co

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After Buying In Big On Carbon-Intensive Bitcoin, Tesla Backs Away

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May 14, 2021 · Tesla makes a $1.5B bet in Bitcoin, and you can even buy a Tesla with the cryptocurrency soon. ... Tesla's Bitcoin strategy has come crashing down. ... As the most …

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Tesla's Billion-dollar Bitcoin Bet May Be Under Water As Crypto …

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May 12, 2022 · Cryptocurrencies continued tumbling on Thursday, imperiling Tesla's billion-dollar bitcoin bet. Tesla bought $1.5 billion of the cryptocurrency in 2021 and held on as it soared to …

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Tesla Announces $1.5 Billion Bitcoin Bet, Makes Payments Pledge

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Tesla Inc said on Monday it had invested around $1.5 billion in bitcoin and expected to begin accepting payment for its cars and other products with it in the near future, prompting a more …

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Tesla Likely To Accept Bitcoin Again, According To Elon Musk

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Jul 23, 2021 · Tesla, as you might remember, bought up a bunch of Bitcoin at the beginning of the year—$1.5 billion worth, in fact—and announced the company would accept it as payment for …

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Tesla’s Big Bitcoin Bet Could Come Back To Bite The EV Maker

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Tesla’s big bitcoin bet Tesla’s ( TSLA ) revelation Monday that it bought $1.5 billion worth of bitcoin ( BTC-USD ) has already paid off for the electric vehicle maker, with its holdings …

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Will Tesla’s $1.5bn Bitcoin Bet Tempt Apple? - CMC Markets

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Feb 19, 2021 · Tesla [TSLA] announced [on 8 February] that it bought $1.5bn worth of Bitcoin as part of a corporate policy that allows the electric vehicle (EV) maker to invest in “alternative …

cmcmarkets.com

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Tesla Buys $1.5B Of Bitcoin, Plans To Use Digital Currency For Car ...

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Feb 8, 2021 · Tesla disclosed on Monday that the electric vehicle maker has bought $1.5 billion worth of bitcoin as part of a new investment policy and seeks to start accepting the digital …

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Elon Musk, Tesla (TSLA) Bet Big On Bitcoin - Nasdaq

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Feb 16, 2021 · Elon Musk, the world’s richest man, has made a huge splash in the world of Bitcoin after one of his companies, Tesla (TSLA), revealed that it spent $1.5 billion on the …

nasdaq.com

FAQs about Tesla’s big bitcoin bet could come back to bite the EV maker Coupon?

Is Tesla investing in Bitcoin?

Tesla's (TSLA, Financial) Bitcoin investment has crossed the $1 billion mark as Bitcoin rallies. Initially purchased for $1.5 billion in February, Tesla's assets have appreciated, resulting in a $495 million gain as Bitcoin prices rise. ...

What happened to Tesla's bitcoin stake?

Every time Bitcoin crashes to make Elon Musk's famous bet look reckless, Tesla's stake rebounds big and fast, handing the lead cryptocurrency's fans still another "we told you so" moment. A amazing reversal flipping Tesla's holdings from red to black just happened again. Tesla now owns 42,000 Bitcoin at an average cost of $31,700 per coin. ...

Is Tesla's bitcoin purchase a sign of bigger moves to come?

This hint, as it turned out, was only an indicator of much bigger moves to come. On February 8, 2021, Tesla disclosed in a securities filing that the company had purchased $1.5 billion worth of Bitcoin, an astronomical sum that represented roughly 10 percent of the company’s entire cash reserves. ...

Is Tesla's big bet on Bitcoin (BTC-USD) a blunder?

Tesla’s ( NASDAQ: TSLA) big bet on Bitcoin ( BTC-USD) is beginning to look like a blunder amid a violent crash for cryptocurrencies. While adding Bitcoin ( BTC-USD -14.6%) in early 2021 looked like a wise decision throughout the year and even into early 2022, the tables have turned rather quickly in recent months. ...

Should Tesla bet on Bitcoin?

Tesla's long-term bet on Bitcoin, seeing its value approach all-time highs, reaffirms the wisdom of retaining a large portion of its cryptocurrency investment. As more companies follow suit, Bitcoin's role as a corporate asset increases. This article first appeared on GuruFocus. ...

Is bitcoin a sideshow for Tesla?

Of course, unlike other companies holding significant amounts of Bitcoin on their balance sheet like MicroStrategy, Bitcoin is a sort of sideshow for Tesla. As a growing auto manufacturer, vehicle deliveries and margins on those autos are clearly the important metrics to monitor. ...