Elon Musk bets on Bitcoin with 1.5B investment 1

Elon Musk bets on Bitcoin with 1.5B investment

 

Tesla is betting big on bitcoin, saying it may soon accept the digital currency as payment for its cars. And the most valuable car company on the stock market said it is holding some of its cash in bitcoin rather than traditional currency.
In its annual filing with the Securities and Exchange Commission, Tesla said that it expects "to begin accepting bitcoin as a form of payment for our products in the near future … initially on a limited basis, which we may or may not liquidate upon receipt."
In addition, Tesla said it has invested $1.5 billion in bitcoin so far as part of a decision to "invest a portion of [the company's] cash in certain specified alternative reserve assets." Tesla lists $19 billion in cash and cash equivalents on its balance sheet as of December 31.
The announcement gives the cryptocurrency a fresh dose of legitimacy: The price of bitcoin was up 12% in morning trading on the news. Shares of Tesla were up 2% in early trading.

#CNNBusiness #QuestMeansBusiness #ElonMusk

77 comments

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    1. I still see cryptocurrency as one of the best digital investment and i totally love the technology when it comes to the largest crypto asset Bitcoin . As a trader , i have been able to understand that there are two sides when it comes to crypto and everyone has their opinions when it comes to choosing sides , though i am not kicking against , but i see it as an old and odd strategy to make profit of the market as when the market goes bearish investors / traders loses their investment which is always painful , when you can take advantage of the market by involving in day trading or copying trade alert from a professional trader that understand the market and use strategy to generate signals daily to make profit to grow your portfolio as i have been doing with Garric Norman for the past 5 weeks and i have been able to day trade to grow my initial 0.8 btc to 6.8 btc which you will rethink and see that trading is better / profitable . Mr Garric daily signals are very accurate and always yields a great positive return on investment . He can be contacted via whatspp ( ‪+14092346815‬ ) * and telegram : * @ garric_norman_fxt ) * for crypto inclined concerns

  2. She makes it sound like he was able to invest 1.5B of Teslas money without any approval from his board. This was done not solely bc of what Elon wanted, the company and its advisors had to sign off on it.

    1. @Jase S I know nevermind. You stuck on the technical meaning of business, but know nothing about THE POWER OF BEING A BUSINESS…I want you to think about that last…

    2. @Jase S NO NO NO I DON’T WANT YOU TO THINK ABOUT IT….HE IS A F’ING ROCKET SCIENTIST LITERALLY HE IS THE BUSINESS. GET IT???

    3. I still see cryptocurrency as one of the best digital investment and i totally love the technology when it comes to the largest crypto asset Bitcoin . As a trader , i have been able to understand that there are two sides when it comes to crypto and everyone has their opinions when it comes to choosing sides , though i am not kicking against , but i see it as an old and odd strategy to make profit of the market as when the market goes bearish investors / traders loses their investment which is always painful , when you can take advantage of the market by involving in day trading or copying trade alert from a professional trader that understand the market and use strategy to generate signals daily to make profit to grow your portfolio as i have been doing with Garric Norman for the past 5 weeks and i have been able to day trade to grow my initial 0.8 btc to 6.8 btc which you will rethink and see that trading is better / profitable . Mr Garric daily signals are very accurate and always yields a great positive return on investment . He can be contacted via whatspp ( ‪+14092346815‬ ) * and telegram : * @ garric_norman_fxt ) * for crypto inclined concerns

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  3. Apparently putting about a tenth of the company’s cash into Bitcoin is riskier than starting a rocket company. Nice.

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    1. I still see cryptocurrency as one of the best digital investment and i totally love the technology when it comes to the largest crypto asset Bitcoin . As a trader , i have been able to understand that there are two sides when it comes to crypto and everyone has their opinions when it comes to choosing sides , though i am not kicking against , but i see it as an old and odd strategy to make profit of the market as when the market goes bearish investors / traders loses their investment which is always painful , when you can take advantage of the market by involving in day trading or copying trade alert from a professional trader that understand the market and use strategy to generate signals daily to make profit to grow your portfolio as i have been doing with Garric Norman for the past 5 weeks and i have been able to day trade to grow my initial 0.8 btc to 6.8 btc which you will rethink and see that trading is better / profitable . Mr Garric daily signals are very accurate and always yields a great positive return on investment . He can be contacted via whatspp ( ‪+14092346815‬ ) * and telegram : * @ garric_norman_fxt ) * for crypto inclined concerns .

  4. From a technical point of view, the RSI looks promising in favor of the bulls, as the daily RSI is at the bullish territory above 50 (after reversing earlier today). At the same time, the Stochastic RSI oscillator is about to make a bullish crossover at the oversold area. In case this happens, it might assist the market in reaching higher highs. Lots of folks will do so well in the next bull crymarket but you shouldn’t be of the mindset to only hodl, can be very dangerous. As hard as it is ƚradıภg Crypto, it sure is way more lucrative and is quite logical if you follow & pay attention to what’s going on, I’m not a proƚгadēг but I was lucky enough to make 25฿₮₵ since late last year following the instruct|ons and sιǫnals from Todd Gordon of Crytotribesmen. He runs program for wealthy elites to how ƚradıภg ฿₮₵ works, helping them utilize the volatility of the crypto market and also stacking up more ฿₮₵. Can getTodd onԵҽlҽցɾαต {iamtodd} ահαԵsαթթ⁺ ⁴ ⁴ ⁷ ⁸ ⁶ ⁷ ⁵ ⁴ ⁸ ⁷ ⁴ ³ Peace

    1. A lot of people are beginning to learn to adapt to the new world, don’t be ignorant and look away from trading, learn!

    2. ,for cry-,pto tra-ding/ in,vest-ment te-xt my trust,ed bro-oker e,xpert Micheal on what-ss-app but tell him I re-ffer,ed you for quick replies..

    1. I still see cryptocurrency as one of the best digital investment and i totally love the technology when it comes to the largest crypto asset Bitcoin . As a trader , i have been able to understand that there are two sides when it comes to crypto and everyone has their opinions when it comes to choosing sides , though i am not kicking against , but i see it as an old and odd strategy to make profit of the market as when the market goes bearish investors / traders loses their investment which is always painful , when you can take advantage of the market by involving in day trading or copying trade alert from a professional trader that understand the market and use strategy to generate signals daily to make profit to grow your portfolio as i have been doing with Garric Norman for the past 5 weeks and i have been able to day trade to grow my initial 0.8 btc to 6.8 btc which you will rethink and see that trading is better / profitable . Mr Garric daily signals are very accurate and always yields a great positive return on investment . He can be contacted via whatspp ( ‪+14092346815‬ ) * and telegram : * @ garric_norman_fxt ) * for crypto inclined concerns .

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