Can Teslas financial report be as crazy as Musks throwing of coins with Bitcoin failing to challenge the 70000 mark
Nvidia and Apple stock prices hit record highs yesterday, while Tesla’s financial report will be released after the US stock market closes on Wednesday, and the market is paying attention to the new round of financial data from the tech giants. Bitcoin briefly surged to $69,571 yesterday morning, attempting to challenge the previous high of $70,000, but ultimately failed and retreated.
Table of Contents
Toggle
Can Musk go crazy with Tesla’s financial report given his lavish spending on cryptocurrencies?
Bitcoin fails to challenge the $70,000 mark
Elon Musk recently announced at a pro-Trump rally in Pennsylvania that he will donate $1 million a day to voters who sign petitions for freedom of speech and gun rights before the election, implementing this “cash plan” through America PAC.
(
Musk’s cash plan! Give away $1 million to voters every day before the US presidential election
)
Advertisement – Continue scrolling for more content
However, Musk’s investors seem to be skeptical. Since the “We, Robot” event, Tesla’s stock price has plummeted and remained stagnant due to the lack of details and the possibility of going public not until 2026 or later. Despite the optimistic environment with a 23% increase in the S&P 500 this year, Tesla has fallen 12% year to date.
(
Tesla disappoints investors with its event, TSLA stock price drops over 8%
)
Musk’s recent high-profile support for Trump has also cast a shadow of political uncertainty over Tesla’s stock price. Will Tesla’s upcoming financial report restore investors’ confidence?
Bitcoin briefly surged to $69,571 yesterday morning, attempting to challenge the previous high of $70,000, but ultimately failed and retreated. This morning, it even plunged to $66,571.
(
Bitcoin surges above 69K, Bitwise: Heading towards $100,000
)
Ripple co-founder and executive chairman Chris Larsen has announced that he has donated $10 million worth of XRP to support Vice President Kamala Harris’ campaign for US president. It is evident that the US presidential election continues to bring uncertainty to the cryptocurrency market.
Bitcoin
Tesla
Financial report
Musk
Further reading
Robinhood continues to generate high revenue and will repurchase $1 billion worth of stocks
Mining company financial reports: Marathon and Riot revenues fall below expectations, stock prices plummet by over 8%
