Tesla demonstrating their inte

2021-02-21

Tesla demonstrating their intend to accept Bitcoin as a form of payment adds value to the digital currency. Previously Bitcoin is moreof a speculative play with no real utility apart from the dark web

Tesla bitcoin gambit already made $1 billion, more than 2020 profit from car sales, estimates analyst

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Comments

Basketrif
2021-02-21
Basketrif
YeAh. But elon is one Guy who has all the intEntion to Announce So others can dip in to bRing d price higher
jacqyz
2021-02-24
jacqyz
Bitcoin will be a good alternative hedging instrument

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Previously Bitcoin is moreof a speculative play with no real utility apart from the dark web&nbsp;</p></body></html>","text":"Tesla demonstrating their intend to accept Bitcoin as a form of payment adds value to the digital currency. Previously Bitcoin is moreof a speculative play with no real utility apart from the dark web","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/360607452","repostId":2113829669,"repostType":2,"repost":{"id":"2113829669","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1613883480,"share":"https://www.laohu8.com/m/news/2113829669?lang=&edition=full","pubTime":"2021-02-21 12:58","market":"us","language":"en","title":"Tesla bitcoin gambit already made $1 billion, more than 2020 profit from car sales, estimates analyst","url":"https://stock-news.laohu8.com/highlight/detail?id=2113829669","media":"Dow Jones","summary":"MW UPDATE: Tesla bitcoin gambit already made $1 billion, more than 2020 profit from car sales, estim","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW UPDATE: Tesla bitcoin gambit already made $1 billion, more than 2020 profit from car sales, estimates analyst\n</p>\n<p>\n  By Mark DeCambre \n</p>\n<p>\n  'While the Bitcoin investment is a side show for Tesla, [it is] clearly been a good initial investment and a trend we expect could have a ripple impact for other public companies over the next 12 to 18 months,' says Ives \n</p>\n<p>\n  Much has been made about the hefty sum that Tesla Inc. has invested in bitcoin, a speculative asset that has only been around since 2009. \n</p>\n<p>\n  Read:Why did Tesla buy bitcoin?  \n</p>\n<p>\n  However, early estimates from prominent technology analyst Dan Ives sees the investment by the electric-vehicle maker, headed by outspoken Chief Executive Officer Elon Musk, already minting a digital paper profit of at least $1 billion, as the price of the asset soars to records. \n</p>\n<p>\n  \"Based on our calculations, we estimate that Tesla so far has made roughly $1 billion of profit over the last month...To put this in perspective, Tesla is on a trajectory to make more from its Bitcoin investments than profits from selling its [electric vehicle] cars in all of 2020,\" wrote Wedbush's prolific analyst Dan Ives, in a note published on Saturday afternoon. \n</p>\n<p>\n  Earlier this month, Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> became the latest and most well-known major corporation  said that it purchased $1.5 billion of bitcoin and that it expects to begin accepting payment in the cryptocurrency for its products in the future. \n</p>\n<p>\n  The move by Tesla to invest in bitcoin was seen as further confirmation of the legitimacy of the nascent asset that didn't exist until about 12 years ago. \n</p>\n<p>\n  On Friday, bitcoin's price soared to a record around $54,000 and breached a total market valuation of $1 trillion , further bolstering the perception of the crypto as a legitimate asset if not a nascent <a href=\"https://laohu8.com/S/AONE\">one</a>. \n</p>\n<p>\n  Check out: Is bitcoin headed to $100,000 in 2021 or is its price 'unsustainable'?  \n</p>\n<p>\n  On Saturday, a single bitcoin extended its gain to a record at $57,492, according to CoinDesk . Bitcoin prices are up over 90% so far in 2021, according to FactSet data. By comparison, gold, considered a rival to bitcoin, is down by about 6% in 2021. Meanwhile, the Dow Jones Industrial Average  has gained nearly 3% thus far in the year, the S&amp;P 500 index  has climbed about 4% and the Nasdaq Composite Index  has advanced 7.7% over the same period. \n</p>\n<p>\n  Tesla's stock, by the way, has climbed over 11% since the start of the year. \n</p>\n<p>\n  The Wedbush analyst said it isn't clear if Tesla's bitcoin move is a stunt, aligned with the perception of Musk as an iconoclast, but still believes that it is likely that other corporations may be compelled to follow suit and swap some of their cash for bitcoins in the future. \n</p>\n<p>\n  \"We still expect less than 5% of public companies will head down this route until more regulatory goal posts are put in place around the crypto market, which is clearly starting to gain more mainstream adoption in 2021 and we believe will have a seismic impact for blockchain, payments, banks, and semis in the years to come,\" Ives wrote. \n</p>\n<p>\n  -Mark DeCambre; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  February 20, 2021 23:58 ET (04:58 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla bitcoin gambit already made $1 billion, more than 2020 profit from car sales, estimates analyst</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla bitcoin gambit already made $1 billion, more than 2020 profit from car sales, estimates analyst\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-02-21 12:58</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW UPDATE: Tesla bitcoin gambit already made $1 billion, more than 2020 profit from car sales, estimates analyst\n</p>\n<p>\n  By Mark DeCambre \n</p>\n<p>\n  'While the Bitcoin investment is a side show for Tesla, [it is] clearly been a good initial investment and a trend we expect could have a ripple impact for other public companies over the next 12 to 18 months,' says Ives \n</p>\n<p>\n  Much has been made about the hefty sum that Tesla Inc. has invested in bitcoin, a speculative asset that has only been around since 2009. \n</p>\n<p>\n  Read:Why did Tesla buy bitcoin?  \n</p>\n<p>\n  However, early estimates from prominent technology analyst Dan Ives sees the investment by the electric-vehicle maker, headed by outspoken Chief Executive Officer Elon Musk, already minting a digital paper profit of at least $1 billion, as the price of the asset soars to records. \n</p>\n<p>\n  \"Based on our calculations, we estimate that Tesla so far has made roughly $1 billion of profit over the last month...To put this in perspective, Tesla is on a trajectory to make more from its Bitcoin investments than profits from selling its [electric vehicle] cars in all of 2020,\" wrote Wedbush's prolific analyst Dan Ives, in a note published on Saturday afternoon. \n</p>\n<p>\n  Earlier this month, Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> became the latest and most well-known major corporation  said that it purchased $1.5 billion of bitcoin and that it expects to begin accepting payment in the cryptocurrency for its products in the future. \n</p>\n<p>\n  The move by Tesla to invest in bitcoin was seen as further confirmation of the legitimacy of the nascent asset that didn't exist until about 12 years ago. \n</p>\n<p>\n  On Friday, bitcoin's price soared to a record around $54,000 and breached a total market valuation of $1 trillion , further bolstering the perception of the crypto as a legitimate asset if not a nascent <a href=\"https://laohu8.com/S/AONE\">one</a>. \n</p>\n<p>\n  Check out: Is bitcoin headed to $100,000 in 2021 or is its price 'unsustainable'?  \n</p>\n<p>\n  On Saturday, a single bitcoin extended its gain to a record at $57,492, according to CoinDesk . Bitcoin prices are up over 90% so far in 2021, according to FactSet data. By comparison, gold, considered a rival to bitcoin, is down by about 6% in 2021. Meanwhile, the Dow Jones Industrial Average  has gained nearly 3% thus far in the year, the S&amp;P 500 index  has climbed about 4% and the Nasdaq Composite Index  has advanced 7.7% over the same period. \n</p>\n<p>\n  Tesla's stock, by the way, has climbed over 11% since the start of the year. \n</p>\n<p>\n  The Wedbush analyst said it isn't clear if Tesla's bitcoin move is a stunt, aligned with the perception of Musk as an iconoclast, but still believes that it is likely that other corporations may be compelled to follow suit and swap some of their cash for bitcoins in the future. \n</p>\n<p>\n  \"We still expect less than 5% of public companies will head down this route until more regulatory goal posts are put in place around the crypto market, which is clearly starting to gain more mainstream adoption in 2021 and we believe will have a seismic impact for blockchain, payments, banks, and semis in the years to come,\" Ives wrote. \n</p>\n<p>\n  -Mark DeCambre; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  February 20, 2021 23:58 ET (04:58 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2113829669","content_text":"MW UPDATE: Tesla bitcoin gambit already made $1 billion, more than 2020 profit from car sales, estimates analyst\n\n\n  By Mark DeCambre \n\n\n  'While the Bitcoin investment is a side show for Tesla, [it is] clearly been a good initial investment and a trend we expect could have a ripple impact for other public companies over the next 12 to 18 months,' says Ives \n\n\n  Much has been made about the hefty sum that Tesla Inc. has invested in bitcoin, a speculative asset that has only been around since 2009. \n\n\n  Read:Why did Tesla buy bitcoin?  \n\n\n  However, early estimates from prominent technology analyst Dan Ives sees the investment by the electric-vehicle maker, headed by outspoken Chief Executive Officer Elon Musk, already minting a digital paper profit of at least $1 billion, as the price of the asset soars to records. \n\n\n  \"Based on our calculations, we estimate that Tesla so far has made roughly $1 billion of profit over the last month...To put this in perspective, Tesla is on a trajectory to make more from its Bitcoin investments than profits from selling its [electric vehicle] cars in all of 2020,\" wrote Wedbush's prolific analyst Dan Ives, in a note published on Saturday afternoon. \n\n\n  Earlier this month, Tesla Inc. $(TSLA)$ became the latest and most well-known major corporation  said that it purchased $1.5 billion of bitcoin and that it expects to begin accepting payment in the cryptocurrency for its products in the future. \n\n\n  The move by Tesla to invest in bitcoin was seen as further confirmation of the legitimacy of the nascent asset that didn't exist until about 12 years ago. \n\n\n  On Friday, bitcoin's price soared to a record around $54,000 and breached a total market valuation of $1 trillion , further bolstering the perception of the crypto as a legitimate asset if not a nascent one. \n\n\n  Check out: Is bitcoin headed to $100,000 in 2021 or is its price 'unsustainable'?  \n\n\n  On Saturday, a single bitcoin extended its gain to a record at $57,492, according to CoinDesk . Bitcoin prices are up over 90% so far in 2021, according to FactSet data. By comparison, gold, considered a rival to bitcoin, is down by about 6% in 2021. Meanwhile, the Dow Jones Industrial Average  has gained nearly 3% thus far in the year, the S&P 500 index  has climbed about 4% and the Nasdaq Composite Index  has advanced 7.7% over the same period. \n\n\n  Tesla's stock, by the way, has climbed over 11% since the start of the year. \n\n\n  The Wedbush analyst said it isn't clear if Tesla's bitcoin move is a stunt, aligned with the perception of Musk as an iconoclast, but still believes that it is likely that other corporations may be compelled to follow suit and swap some of their cash for bitcoins in the future. \n\n\n  \"We still expect less than 5% of public companies will head down this route until more regulatory goal posts are put in place around the crypto market, which is clearly starting to gain more mainstream adoption in 2021 and we believe will have a seismic impact for blockchain, payments, banks, and semis in the years to come,\" Ives wrote. \n\n\n  -Mark DeCambre; 415-439-6400; AskNewswires@dowjones.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  February 20, 2021 23:58 ET (04:58 GMT)\n\n\n  Copyright (c) 2021 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":68,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["TSLA"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":167,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":3624917,"gmtCreate":1613905442611,"gmtModify":1680777749411,"authorId":3574715322913604,"author":{"id":3574715322913604,"authorId":3574715322913604,"name":"Basketrif","avatar":"https://static.tigerbbs.com/47bde0946b4de3845bcba22c002e0cfd","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":360607452,"type":1,"supId":0,"prevId":0,"content":"YeAh. But elon is one Guy who has all the intEntion to Announce So others can dip in to bRing d price higher","text":"YeAh. But elon is one Guy who has all the intEntion to Announce So others can dip in to bRing d price higher","html":"YeAh. But elon is one Guy who has all the intEntion to Announce So others can dip in to bRing d price higher","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":3649555,"gmtCreate":1614159145406,"gmtModify":1680778130289,"authorId":3564546968045079,"author":{"id":3564546968045079,"authorId":3564546968045079,"name":"jacqyz","avatar":"https://static.tigerbbs.com/5688a43689674dad8a9c8d63d7e9acd0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":360607452,"type":1,"supId":0,"prevId":0,"content":"Bitcoin will be a good alternative hedging instrument ","text":"Bitcoin will be a good alternative hedging instrument ","html":"Bitcoin will be a good alternative hedging instrument ","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/360607452"}