Can Teslas financial report be as extravagant as Musks Bitcoin rampage when Bitcoin fails to challenge the 70000 mark
Nvidia and Apple’s stock prices hit new highs yesterday, while Tesla’s financial report is set to be released after the market closes on Wednesday, and the market is closely watching the financial data of the tech giants’ new round. Bitcoin briefly surged to $69,571 yesterday morning, attempting to challenge the previous high of $70,000, but ultimately failed and retreated.
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Can Musk throw money like crazy? Can Tesla’s financial report be as crazy?
Bitcoin fails to challenge the 70,000 level
Elon Musk recently announced at a Trump support 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, and will implement this “cash-level plan” through America PAC.
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Musk’s cash-level plan! Selecting a voter and giving away $1 million every day before the US presidential election
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But Musk’s investors seem to be hesitant. Since the “We, Robot” conference, Tesla’s stock price has plummeted and struggled to recover due to the lack of details and the possibility of going public after 2026. Despite the optimistic environment of a 23% increase in the S&P 500 this year, Tesla has fallen 12% year-to-date.
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Tesla’s conference disappoints investors, TSLA stock price plunges more than 8%
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Musk’s recent high-profile support for Trump has also cast a shadow of political uncertainty over Tesla’s stock price. Can 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, dropping to $66,571 this morning.
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Bitcoin surges to 69K, Bitwise: Heading towards the $100,000 mark
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Ripple co-founder and executive director Chris Larsen has announced that he has donated $10 million worth of XRP to support Vice President Kamala Harris’ campaign for US president. It can be seen that the US presidential election still brings uncertainty to the cryptocurrency market.
Bitcoin
Tesla
Financial report
Musk
Further reading
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