Tesla | Crypto Profit Bot

Tesla reports record $1B income for Q2 despite $23M impairment loss on BTC

July 27, 2021

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Tesla’s latest earnings report showed that the firm conducted no digital asset purchases or sales in Q2, but reported an impairment loss of $23 million on its BTC holdings. 4893 Total views 47 Total shares Electric vehicle and clean energy firm, Tesla, has reported $1.14 billion in net income for the second quarter. The firm’s […]

SpaceX owns Bitcoin, Elon Musk and Nic Carter believe BTC is becoming greener

July 22, 2021

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Tesla CEO Elon Musk has revealed for the first time that his firm SpaceX owns Bitcoin (BTC). The company is yet to officially announce how much Bitcoin it has purchased, however Musk’s other company Tesla purchased $1.5B of the cryptocurrency earlier this year which sparked a major Bitcoin price rally. That rally came to an […]

Pundits say Bitcoin’s brutal quarter could see Tesla report up to a $100M loss for Q2

July 7, 2021

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Analysts believe reporting requirements may compel Tesla to announce a paper-drawdown of between $25 million and $100 million on its $1.5 billion Bitcoin bet. 2244 Total views 7 Total shares Bitcoin’s second-quarter price battering has pundits speculating that Tesla may have to report a loss of up to $100 million for Q2. With the price […]

Elon Musk the hero crypto deserves, but maybe not the one it wants, says exec

June 15, 2021

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The furore created by Musk’s erratic tweets could leave investors out of pocket, but could also bring new eyes to crypto in the long run. 2517 Total views 4 Total shares Elon Musk’s ability to move cryptocurrency markets with his tweets represents a danger to the average investor, says CoinSwap founder Erik Nurm, but the […]

Elon Musk lays out when Tesla will begin accepting Bitcoin payments

June 13, 2021

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Musk responded to a Cointelegraph tweet about Sygnia CEO Magda Wierzycka calling for the SEC to investigate him over alleged Bitcoin price manipulation. 46507 Total views 107 Total shares Tesla CEO Elon Musk says his electric-vehicle company will start accepting Bitcoin (BTC) payments once there’s confirmation that miners are utilizing clean energy, offering a glimmer […]

Primal arrogance and greed: Elon Musk slammed for crypto manipulation

June 9, 2021

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Tesla CEO Elon Musk has been criticized for wielding what many perceive to be irresponsible influence over the cryptocurrency market. Musk regularly took to Twitter to post memes and hot takes on various cryptocurrencies throughout most of 2021, not least Bitcoin (BTC) and Dogecoin (DOGE). Musk soon added another coin to that list — CumRocket […]

Bitcoin and Ethereum fees slump to six-month low

June 1, 2021

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Bitcoin and Ethereum transaction fees have declined down to $7.20 and 4.80 respectively. 3936 Total views 12 Total shares The transaction fees of Bitcoin and Ethereum have slumped to six-month lows as the markets cool after the recent crypto downturn. According to BitInfoCharts, the average price of performing a transaction using Bitcoin has fallen from […]

Tesla and MicroStrategy slowly losing Bitcoin shine

May 24, 2021

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Bitcoin was as good for Tesla and MicroStrategy as they were for it — but the benefits are starting to wane for Bitcoin’s corporate flirtees. 10829 Total views 16 Total shares The high-profile coin purchases by corporate entities like MicroStrategy and Tesla were credited in part with pushing up the price of Bitcoin (BTC) throughout […]

$Bitcoin chart fractal notorious for 60%–70% price crashes is back — What’s next?$

Bitcoin chart fractal notorious for 60%–70% price crashes is back — What’s next?

May 19, 2021

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Bitcoin bulls should brace for aggressive downside market corrections in the sessions ahead, especially as the benchmark cryptocurrency breaks below a critical support level. Dubbed the 20-week exponential moving average (EMA), the wave has historically served as a primary downside target for bulls to accumulate Bitcoin (BTC). For instance, the BTC/USD exchange rate maintained its […]

Buy or hodl, says investor Raoul Pal as Bitcoin price chart hints at ‘falling wedge’

May 17, 2021

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Raoul Pal wants Bitcoin (BTC) investors to mobilize their trades against Elon Musk. The macro investment strategist advised traders to either accumulate or preserve their Bitcoin holdings just as the flagship cryptocurrency suffered massive declines over the weekend and at the beginning of this week. Bitcoin drops by 16.92% over the weekend and Monday. Source: Tradingview […]

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Category: Tesla