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Elon Musk bought $1.5 billion worth of the cryptocurrency in 2021 using the electric car maker’s cash reserves
Tesla’s foray into Bitcoin. Tesla originally invested $1.5 billion in Bitcoin in 2021. ... The announcement led to Bitcoin’s price surging by over $10,000. Later that year, ...
Tesla’s shares currently trade around 125 times forward earnings, according to Cap IQ estimates, far ahead of the single-digit multiples of most major automakers.
Tesla stock — up nearly 53% since Donald Trump’s election win on Nov. 5 — is also benefiting from its ties to bitcoin and crypto, which Musk and the company back.
"We are raising our price target on Tesla to $515 from $400 as we believe the Trump White House the next 4 years will be a "total game changer" for the autonomous and AI story for Tesla and Musk ...
But Tesla ultimately made it through that dark time, and Wood’s seemingly wild prediction came true, with Tesla shares hitting the split-adjusted $4,000 equivalent in January 2021.
Share prices of Tesla ... But this is still down 4.8% from the prior-year period and represents the second consecutive quarter of declining deliveries after a 13% year-over-year drop in the first ...
The Goldman teams’ full-year EPS projections for the low, mid, and high scenarios are $9.84, $18.08, and $31.91, respectively. Tesla’s full-year EPS for 2022 was $4.03.