$50B wiped from Tesla after BTC buy — but MasterCard

$50B wiped from Tesla after BTC buy — but MasterCard and Twitter surge


$50B wiped from Tesla after BTC buy — but MasterCard and Twitter surge
Tesla’s stock fell 7% following its announcement that it invested $1.5 billion of its cash reserves in the cryptocurrency.
40112 Total views
News
Electric car manufacturer Tesla has seen more than $55 billion wiped from its market cap since announcing the purchase of $1.5 billion in Bitcoin four days ago — but Twitter and MasterCard have headed in the other direction.
Since Tesla’s announcement on Monday, the electric car giant’s stock price has dropped 7% from $869.52 ($834.6 billion market cap). It is currently trading at $811.66 ($779 billion market cap).
While there may be other factors behind the share price drop, some investors, such as Baker Avenue Wealth Management chief strategist King Lip, are concerned that holding 8% of the company's cash reserve in a volatile asset is an unnecessary risk, stating:

Related Keywords

China , Chinese , Kimbal Musk , Elon Musk , Gary Black , Ned Segal , Google , Mastercard , Twitter , Facebook , Microsoft , Baker Avenue Wealth Management , King Lip , Antonio Gracias , Squawk Box , சீனா , சீன , கிம்பால் கஸ்தூரி , கேரி கருப்பு , நெத் ஸீகல் , கூகிள் , மாஸ்டர்கார்டு , ட்விட்டர் , முகநூல் , மைக்ரோசாஃப்ட் , ரொட்டி சுடுபவர் அவென்யூ செல்வம் மேலாண்மை , கிங் உதடு , அன்டோனியோ க்ராயியஸ் , ஸ்க்வாக் பெட்டி ,

© 2025 Vimarsana