To The Moon

As noted, it was primarily due to its Bitcoin fire sale. Some experts had expressed concern that plunging crypto prices would end up hurting TSLA stock. But Elon Musk saw an opportunity as the bearish energy spurred by the recent crypto crash started to clear. Tesla offloaded 75% of its BTC holdings, adding an additional $936 million to its balance sheet. However, it held onto its Dogecoin assets, leading some experts to wonder if Musk has more faith in the meme token. The CEO did not say, but

Initial Jobless Claims:+9K to 244K vs. 234K expected and 235K prior (unrevised).June Producer Price 

U.S. stocks remained low in morning trading. Dow Jones slid 0.32%, S&P 500 fell 0.91% while Nasdaq c

The U.S. stock market met popular criteria for a bear market this week a decline by the S&P 500 taking the U.S. large-cap benchmark down by more than 20% from its record close in January. Investors, no doubt, are wondering how far stocks might fall from here, and what to do next.The S&P 500 met the bear-market threshold on Monday and has largely remained under pressure this week aside from a Wednesday bounce following the Federal Reserve's 75 basis point rate hike, its largest in nearly 28 year

These two companies have a couple of crucial qualities in common.