Tesla Is Up $1 Billion on Bitcoin Investment

Barrons2021-02-22

Tesla’s recent revelation that it put $1.5 billionof its cash intoBitcoinsparked a flurry of conversation on Wall Street about both the wisdom of the move and what it meant for Bitcoin as a legitimate...

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Comments

同是天涯沦落人
2021-02-23
同是天涯沦落人
Tesla will become a weird co if they keep investing inother businesses that is unrelated to EV.
- JPLee:
  Yes but it's ok. They're tech company after all.
JojoLee
2021-02-22
JojoLee
[微笑]
Bluefish
2021-02-22
Bluefish
Tsla earned alot
Alice156
2021-02-22
Alice156
?
SiniS
2021-02-22
SiniS
??
Joseph91
2021-02-22
Joseph91
Wow
- J999:
  Wow shiok
- SiniS:
  ??

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TheS&P 500andDow Jones Industrial Averageare up roughly 1% over the same span.\nEven if investors aren’t sure about putting cash into Bitcoin–historically, a very volatile asset–it’s hard to deny the trade has worked out for the electric-vehicle pioneer. “Tesla so far has made roughly $1 billion of profit over the last month from its Bitcoin investment, given the skyrocketing price of Bitcoin,” wrote Wedbush analystDan Ivesin a Saturday research note.\nAssuming Tesla was purchasing Bitcoin around the time of its fourth-quarter earnings call, the company might have paid about $33,000 per Bitcoin. Prices are up about 70% since then, to more than $57,000, turning Tesla’s $1.5 billion stake into a roughly $2.5 billion stake.\nTesla has reported about $969 million in GAAP net income over the past five quarters. (GAAP earnings are calculated according to generally accepted accounting principles.) 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They're tech company after all.","text":"Yes but it's ok. They're tech company after all.","html":"Yes but it's ok. They're tech company after all."}],"langContent":"EN"},{"id":369063771,"gmtCreate":1613989427193,"gmtModify":1704886523849,"author":{"id":"3575672525273340","authorId":"3575672525273340","name":"JojoLee","avatar":"https://static.tigerbbs.com/375f4f98dcf7820b563e694fb4f5ce9e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3575672525273340","authorIdStr":"3575672525273340"},"htmlText":"[微笑]&nbsp;","listText":"[微笑]&nbsp;","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/369063771","repostId":1120747076,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":360705246,"gmtCreate":1613973382085,"gmtModify":1704886325617,"author":{"id":"3574724399840291","authorId":"3574724399840291","name":"Bluefish","avatar":"https://community-static.tradeup.com/news/331df3ab3ccfe360e355f6cafc80b768","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":2,"crmLevelSwitch":1,"idStr":"3574724399840291","authorIdStr":"3574724399840291"},"htmlText":"Tsla earned alot","listText":"Tsla earned alot","text":"Tsla earned alot","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/360705246","repostId":1120747076,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":360446366,"gmtCreate":1613970536155,"gmtModify":1704886292577,"author":{"id":"3568349626879479","authorId":"3568349626879479","name":"Alice156","avatar":"https://static.tigerbbs.com/60ff94c21a2d26f4682ac8ed41af2e37","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3568349626879479","authorIdStr":"3568349626879479"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/360446366","repostId":1120747076,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":360448640,"gmtCreate":1613970459780,"gmtModify":1704886292088,"author":{"id":"3575200115109066","authorId":"3575200115109066","name":"SiniS","avatar":"https://static.tigerbbs.com/6c54fb65b275549d9e3c4b80c5117022","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3575200115109066","authorIdStr":"3575200115109066"},"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/360448640","repostId":1120747076,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":360452363,"gmtCreate":1613969289452,"gmtModify":1704886280242,"author":{"id":"3574914963531057","authorId":"3574914963531057","name":"Joseph91","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3574914963531057","authorIdStr":"3574914963531057"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/360452363","repostId":1120747076,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3636492,"gmtCreate":1614043407607,"gmtModify":1680777937013,"authorId":3560834065076807,"author":{"id":3560834065076807,"idStr":"3560834065076807","authorId":3560834065076807,"name":"J999","avatar":"https://static.tigerbbs.com/0f9f1800d3a366281ffecc1298808c82","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":360452363,"type":1,"supId":0,"prevId":0,"content":"Wow <u>shiok</u>","text":"Wow <u>shiok</u>","html":"Wow <u>shiok</u>"},{"id":3628869,"gmtCreate":1613970522665,"gmtModify":1680777817761,"authorId":3575200115109066,"author":{"id":3575200115109066,"idStr":"3575200115109066","authorId":3575200115109066,"name":"SiniS","avatar":"https://static.tigerbbs.com/6c54fb65b275549d9e3c4b80c5117022","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":360452363,"type":1,"supId":0,"prevId":0,"content":"??","text":"??","html":"??"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":33,"commentSize":21,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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