Elon Musk bets on Bitcoin with a 1.5 billion financial investment



Tesla is betting significant on bitcoin, expressing it will soon be equipped to accept the digital currency as payment for its vehicles. And the most beneficial auto company in the stock market place reported it retains some of its income in bitcoin rather than conventional forex. In its once-a-year filing with the Securities and Trade Fee, Tesla reported it expects to “take bitcoin as a kind of payment for our solutions in the in close proximity to long term…originally on a constrained basis, which we may possibly or may not liquidate on receipt.” .” In addition, Tesla reported it has invested $1.5 billion in bitcoin so far as section of a final decision to devote “a part of” [the company’s] cash in particular specified option reserves.” Tesla has $19 billion in income and dollars equivalents on its harmony sheet as of December 31. The announcement offers the cryptocurrency a new dose of legitimacy: Bitcoin’s price rose 12% in early morning investing on the news. Tesla shares rose 2% in early investing #CNNBusiness #QuestMeansBusiness #ElonMusk .

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47 thoughts on “Elon Musk bets on Bitcoin with a 1.5 billion financial investment”

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  5. Jesus…I wanted to believe in this guy. However if you go to The Common Sense Sceptic, he shows most everything he has done is based on fraud, and is being legitimately sued for billions of dollars by his own shareholders. It's just sad. Just when you think we have a legit nice guy looking out for people…nope. The Skeptics videos are based on facts, not opinions. I cannot recommend that site enough. It was a hard pill to swallow…but very much needed. I feel sorry for anybody with Tesla stock.

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  6. A few years from now, you'll regret the

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  7. I think This pandemic situation of the world presently, have taught people the importance of multiple stream of income. Investing in bitcoin is another way of making extra money

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  8. Don`t forget Bitcoin and all Crypto was doing just amazing before he got in, ignore all the fuzz and his comments about getting out.
    Don`t fall for all the media and amateur YouTube speculators baseless predictions and scary comments, that`s what really affects Crypto, Invest and keep going.
    Bitcoin and all Crypto always find a way to prove all this people wrong.
    Buy DogeCoin, Dogelon Mars, Doge Token and all the other Thousands of Crypto out there.
    We will only punish ourselves if we boycott him or any Doge coin or Tokens, he`s a billionaire.
    Let`s keep going!

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  12. Yeah because he is smart. Put a lot of money in. Push the price up. Get people to trust bitcoin. Then feel greedy about the money. Then everyone start to put money in. Then he pull out suddenly. Make good money. A the market collapse. 😉

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