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RE: ELON MUSK AND TESLA - the blessing of a threat for BITCOIN and crypto space?
This headline is from The NY Times 27JAN2021: "Tesla Has First Profitable Year, but Competition Is Growing". In the article: "The company reported revenue of $10.7 billion in the fourth quarter, up 45.5 percent from the year-ago period. Its' full year revenue climbed to $31.5 billion, up from $24.6 billion in 2019."
Their BTC stake is just under 8% of their cash. They have been profitable now for about 5 quarters in a row. Will it be sustainable as the subsidies melt away? That is the question that we will have to wait and see.
Tesla fell along with the rest of the market. Technology stocks have taken a beating the past few days in the US market.
thanks for being so responsive @tsharpaphi