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Tesla’s big bitcoin bet could come back to bite the EV maker Daniel Howley 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 growing by 35% as of Tuesday, according to a Yahoo Finance analysis. But the good times won’t last forever thanks to the cryptocurrency’s erratic swings. “It's extremely unusual to see a company take risk with corporate cash,” Jerry Klein, managing director and partner at Treasury Partners, told Yahoo Finance....

Tesla enters S&P 500: Here's how the stock did on its first day Ines Ferré Tesla’s (TSLA) long awaited entry into the S&P 500 (^GSPC) got off on a soft note, with the stock tumbling by over 5% in tandem with a broader move lower in markets. Markets swooned on Monday, tracking declines in European and Asian equities as concerns mounted over a new infectious strain of the coronavirus identified in the UK. The move drove all risk-sensitive assets lower in early dealings. By market close, stocks had recovered though Tesla was still down over 6%. Nevertheless, the longer-term s...

Tesla is a 'prime' candidate to see its stock plummet after it enters S&P 500, analyst says Daniel Howley Tesla (TSLA) has been one of the hottest stocks of 2020, with share prices skyrocketing 582% just this year. But at least one analyst says the electric vehicle company’s price is too high, contending it should be worth between $60 to $80 rather than more than $600 a share. Popular Searches Gordon Johnson, founder and CEO of GLJ Research, told Yahoo Finance Live on Monday that Tesla’s lofty valuation will soon come crashing down, with a number of factors weighing on the...