Tesla's bitcoin value dives; Musk signals hold with â&#

Tesla's bitcoin value dives; Musk signals hold with ‘diamond hands’ tweet


Tesla's bitcoin value dives; Musk signals hold with ‘diamond hands’ tweet
By Hyunjoo Jin, Sinéad Carew and Akanksha Rana
Reuters
(Reuters) -The market value of Tesla Inc's bitcoin holdings have fallen by half to $1.26 billion, close to the electric car maker's purchase cost, as the cryptocurrency's value plunged following a crackdown by the Chinese government.
Shares of Tesla Inc were 3% lower on Wednesday afternoon, down more than broader U.S. market indices. Chief Executive Elon Musk signaled that the company still is not selling, tweeting symbols for diamond hands https://twitter.com/elonmusk/status/1395027147161489412 to his 55.3 million followers.
"Diamond Hands" is a symbol used frequently on Reddit signaling the intention to stubbornly hold on to a stock or other asset.

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