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TT8184
2021-06-24

Why Tesla Stock Jumped on Wednesday

Is a rebound in Bitcoin on Wednesday impacting the electric-car maker's stock? What happened Shares

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The stock rose as much as 5.2%. As of 1:10 p.m. EDT, however, the stock was up 4.7%.</p>\n<p>The automaker's stock was likely trading higher due (in part) to a sharp jump in Bitcoin prices. In the past, Tesla shares have moved sharply up or down on days of volatile Bitcoin trading. Investors often associate the car company with Bitcoin because it has bought $1.5 billion worth of the cryptocurrency. But an upbeat day for somegrowth stockslike Tesla may be helping as well.</p>\n<p><b>So what</b></p>\n<p>Bitcoin has rebounded more than 15% after briefly sinking below $30,000 on Tuesday. As of this writing, Bitcoin is trading near $34,000.</p>\n<p>Some investors may be concerned about how Bitcoin's price at the end of Tesla's second quarter could impact the company's reported profits. The recent rebound in the cryptocurrency's price may soothe some concerns about how a falling price in the digital coin could impact the company's earnings report -- though there's no telling where the digital coin will be trading at the end of the period.</p>\n<p>Tesla shares may also be getting a boost from recent momentum in growth stocks.</p>\n<p><b>Now what</b></p>\n<p>Investors should keep in mind that Tesla's Bitcoin investment is small relative to the automaker's total cash balance. The company wrapped up Q1 with $17.1 billion of cash and cash equivalents. Tesla's Bitcoin investment is particularly small in relation to the company's $630 billion market capitalization.</p>","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>Why Tesla Stock Jumped on Wednesday</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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\">\nWhy Tesla Stock Jumped on Wednesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 15:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/23/why-tesla-stock-jumped-on-wednesday/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Is a rebound in Bitcoin on Wednesday impacting the electric-car maker's stock?\n\nWhat happened\nShares of electric-car maker Tesla(NASDAQ:TSLA) rose sharply on Wednesday. The stock rose as much as 5.2%....</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/23/why-tesla-stock-jumped-on-wednesday/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.fool.com/investing/2021/06/23/why-tesla-stock-jumped-on-wednesday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136393082","content_text":"Is a rebound in Bitcoin on Wednesday impacting the electric-car maker's stock?\n\nWhat happened\nShares of electric-car maker Tesla(NASDAQ:TSLA) rose sharply on Wednesday. The stock rose as much as 5.2%. As of 1:10 p.m. EDT, however, the stock was up 4.7%.\nThe automaker's stock was likely trading higher due (in part) to a sharp jump in Bitcoin prices. In the past, Tesla shares have moved sharply up or down on days of volatile Bitcoin trading. Investors often associate the car company with Bitcoin because it has bought $1.5 billion worth of the cryptocurrency. But an upbeat day for somegrowth stockslike Tesla may be helping as well.\nSo what\nBitcoin has rebounded more than 15% after briefly sinking below $30,000 on Tuesday. As of this writing, Bitcoin is trading near $34,000.\nSome investors may be concerned about how Bitcoin's price at the end of Tesla's second quarter could impact the company's reported profits. The recent rebound in the cryptocurrency's price may soothe some concerns about how a falling price in the digital coin could impact the company's earnings report -- though there's no telling where the digital coin will be trading at the end of the period.\nTesla shares may also be getting a boost from recent momentum in growth stocks.\nNow what\nInvestors should keep in mind that Tesla's Bitcoin investment is small relative to the automaker's total cash balance. The company wrapped up Q1 with $17.1 billion of cash and cash equivalents. Tesla's Bitcoin investment is particularly small in relation to the company's $630 billion market capitalization.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1995,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}