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Tesla Limits Bitcoin Losses – TheStreet


Tesla  (TSLA)  can smile. 

The manufacturer of premium electric vehicles hasn’t been much affected by the fall in cryptocurrency prices. 

At the beginning of 2021 the group provided a much needed vote of confidence to the young industry, which wants to disrupt the world of finance. 

Indeed, CEO Elon Musk said in February 2021 that the company had invested $1.5 billion in bitcoin. In January the firm had purchased more than 43,200 bitcoins.

The bet quickly paid off as bitcoin’s price soared to a record $69,044.77 on Nov. 10 amid the crypto craze. 





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