{"id":36933,"date":"2021-02-24T10:33:35","date_gmt":"2021-02-24T08:33:35","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36933"},"modified":"2025-08-29T08:52:21","modified_gmt":"2025-08-29T05:52:21","slug":"tesla-shares-increasingly-tied-to-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/tesla-shares-increasingly-tied-to-bitcoin\/","title":{"rendered":"Tesla shares increasingly tied to Bitcoin"},"content":{"rendered":"

Tesla’s stock is now closely linked to the price of digital gold, according to Wedbush Securities<\/a>.<\/p>\n

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“Tesla is entering the golden age of electric vehicles, and there are concerns that small bets on bitcoin could eclipse the company’s growth story in 2021,” the strategists wrote in a new note.<\/p>\n<\/blockquote>\n

Wedbush analysts linked the drop in the electric-car maker’s shares to $621 with mass liquidations and a decline in Bitcoin’s price to $45,000<\/a>. According to Yahoo Finance<\/a>, Tesla stock (TSLA) was trading at $698 at the time of writing.<\/p>\n

\\\"Opinion:<\/p>\n

Chart of Tesla stock decline (TSLA). Data: Yahoo Finance.<\/p>\n<\/div>\n

On February 8, Tesla reported that invested $1.5 billion in Bitcoin<\/a>, after which the asset’s price began to rise sharply. The automaker’s shares moved in the opposite direction to the price of the leading cryptocurrency.<\/p>\n