Tesla shares (NASDAQ:TSLA at https://www.webull.com/quote/nasdaq-tsla) dropped by 4.8% on Wednesday following the notification by CEO Elon Musk to the effect, that now they could be bought with Bitcoin by customers (CRYPTO:BTC).
Thus, Tesla revealed that she spent $1.5 billion in Bitcoin in February. He said that he would start taking crypto-monetary money as a way of paying “in the immediate term” for his cars. Musk finally made it today.
What’s next
Notably, rather than converting into fiat currency like the US dollar, Tesla would retain the Bitcoin it earns from its clients. This will increase Tesla’s vulnerability to the crazy price fluctuations of the blockchain, which could discomfort some shareholders.
Now what Tesla’s initial investment strengthened the credibility of Bitcoin among developers and management teams. Combined with Musc’s support to bring the cryptocurrency price to levels over $60,000 earlier this month, Tesla’s entry into digital currencies helped drive Bitcoin on social networking platforms including Twitter. Now, the decision of Tesla to accept payments from bitcoin could lead other businesses to proceed.
However, these movements are probably a more risky investment in Tesla’s shares, because shareholders now have to consider inherent risk of an increasing share of their equity being assigned to a digital currency which is extremely unpredictable. Investors can negotiate for a cheaper price and take these uncertainties into account, which today may have led to the stock transfer.
He allegedly charged half the price as a down payment but when the equipment arrived at customs and sold to Tesla he could not take delivery of it. Nio spared Tesla at least six to seven months of selling of the equipment from the vehicle manufacturer headed by Elon Musk, as the equipment had not yet been pre-ordered at the time.The money from Tesla was a kind of mutual assistance when Nio was able to solve the crisis, Li said.
Nio was also restructuring its staff by dismissing over 3,000 people, including 30% of its managers, according to the survey.
(NASDAQ: TSLA) shares dropped to just as little as $1.19 in 2019, the company’s worst year, but stabilised in 2020 and improved to about $67.
Earlier this month the Chinese manufacturer of electric vehicles Xpeng Inc. (NYSE: XPEV) chairman of HeXiaopeng purchased stock in Nio in the most difficult period of 2019. Xiaopeng allegedly said that he supported the Nio party because failure in Chinese electric car companies such as Xpeng or (NASDAQ: TSLA) would produce a major issue.In January of this year’s Nio Day festival. For the infrastructure, performance and customer interface features it announces, the company targets high-end rivals. Before stock trading, you can find other stocks such as nasdaq root at https://www.webull.com/quote/nasdaq-root for investing.