Is Bitcoins Challenge of 70000 Barrier Unsuccessful Musks Cryptocurrency Extravaganza and Teslas Financial Report Can They Be Equally Astounding
Nvidia and Apple stock prices reached new highs yesterday, and Tesla’s financial report will be released after the US stock market closes on Wednesday. The market is paying attention to the new round of financial data from technology giants. 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’s extravagant spending be matched by Tesla’s financial report?
Bitcoin fails to challenge the $70,000 mark
Elon Musk recently announced at a Trump rally in Pennsylvania that he will donate $1 million per 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! Give away $1 million to voters every day before the US presidential election
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However, Musk’s investors seem skeptical. Since the “We, Robot” event, Tesla’s stock price has plummeted and struggled due to the lack of details and the possibility of going public after 2026. Despite the optimistic environment with a 23% increase in the S&P 500 this year, Tesla has fallen 12% so far.
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Tesla’s event disappoints investors, TSLA stock price drops over 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 retraced. This morning, it even dropped to $66,571.
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Bitcoin surges to 69K, Bitwise: Heading towards $100,000
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Ripple co-founder and executive director Chris Larsen has donated $10 million worth of XRP to support Vice President Kamala Harris’ campaign for US president. This shows that the US presidential election still brings uncertainty to the cryptocurrency market.
Bitcoin
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Financial Report
Musk
Further reading:
Robinhood continues to generate high revenue, plans to buy back $1 billion of stock
Mining company financial reports: Marathon and Riot revenue falls below expectations, stock price drops over 8% in a single day
