Tesla investors sue Elon Musk for diverting resources, talent to xAI
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.” Go to Source
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Tesla earnings: Bitcoin bags untouched as firm splashes out on AI
Tesla held onto its sizeable Bitcoin bags in the third quarter and upped its spending on artificial intelligence and research and development. Go to Source
Tesla turns tables on Bitcoin as 2023 gains outpace BTC price comeback
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. Go to Source Powered by WPeMatico
Bitcoin falls from $66K highs, Tesla down 3% after Elon Musk warns he could sell more stock
It’s a familiar scenario to start the week as Bitcoin follows TSLA downhill after rallying overnight. Go to Source Powered by WPeMatico
Elon Musk offloads $1.1B in Tesla stock
The eccentric billionaire polled his Twitter followers but already had the sale planned due to tax obligations. Go to Source Powered by WPeMatico
Crypto-exposed stocks slide as BTC-bolstered treasuries shed value
Many stocks of publicly traded firms that are exposed to Bitcoin have suffered significant drawdowns this month. Go to Source Powered by WPeMatico
Critics Claim Tesla Should Sell Bitcoin Position, Electric Vehicle Firm’s Shares Down 30% Since Buying
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 … Read more
Musk no longer world’s richest man after Tesla and Bitcoin slump
Tesla stock began to slide in late January, accelerating after the BTC purchase announcement. Go to Source Powered by WPeMatico
Investor: Selling Cryptocurrency in 2018 is Like Selling Apple in 2001
Yoni Assia, the CEO of UK-based multi-asset brokerage company eToro, a platform founded in 2006 that serves more than seven million active users, has said in an interview that the recent decline in the prices of both major and small cryptocurrencies such as Bitcoin, Ethereum, and tokens has created a rare buying opportunity for newcomers. … Read more
