Bitcoin and Tesla???

[ustcoin]

I wonder if there is a directly proportional relationship between Bitcoin and Tesla?
The reason I asked this question is this: Tesla's shares fell very hard when bitcoin fell hard the other day. This is the worst drop in US stock markets so far. For two days, btc has been rising and Tesla is also rising. Is it a coincidence or could such a relationship be due to Elon Musk?

[Ferki]

As we all know, Tesla is the bubble
This is of course my subjective opinion, and you don't necessarily have to share my opinion.
Lately Elon Musk has actually been the cause of the volatile movement, but that the two always follow each other will not last forever.
Tesla made even more money from investing in Bitcoin than it sold cars.
So, yes, Bitcoin will be worth twice Tesla this year, in my opinion, and Musk won't be able to do anything about it.
But Tesla will benefit from it too.

[mlawson71]

Tesla has invested 1.5 billion US dollars in Bitcoin. It has announced they will allow people to pay them in Bitcoing. They have tied themselves, in people's eyes at least, quite firmly to Bitcoin, for better or worse, so it's not at all surprising the company share price depends on the Bitcoin price now.

[Tunir Baap]

Now it can be said that the control of Bitcoin has gone to Tesla Elon Musk. However, no one can control Bitcoin. However, Tesla Elon Musk has been able to change the coin market Because Tesla Elon Musk invests the most in Bitcoin. He is currently a successful person.If Tesla Elon Musk hadn't supported Bitcoin, Bitcoin might not have come to this stage.

[krypto4uvak]

It is obvious. It's always like this in the market when the price of Bitcoin falls then falls and the price of everyone is clear. So there is proportionality here.

[Ferki]

Now it can be said that the control of Bitcoin has gone to Tesla Elon Musk. However, no one can control Bitcoin. However, Tesla Elon Musk has been able to change the coin market Because Tesla Elon Musk invests the most in Bitcoin. He is currently a successful person.If Tesla Elon Musk hadn't supported Bitcoin, Bitcoin might not have come to this stage.

That's not right, Musk can't control it. The only thing he can do is to plunge the price down a little when selling a large amount of Bitcoin.
And of course to tweet about this to influence the price.
But to control? No chance.

[XM8]

Successful person Tesla Elon Musk has been able to change the bitcoin market a lot.Bitcoin has gone to another level since the day he supported Bitcoin. I think the value of Bitcoin alone exceeds  $50kDid. He is truly a successful person.

[Angel jara]

The two currencies in the cryptocurrency market are Bitcoin and Tesla. Bitcoin is currently the most popular currency. Bitcoin is currently trading at over 50,000. Which is increasing more and more with the passage of time.

[Review Master]

Tesla shares will be pumped when tesla's net worth will be increased and on the other hand, it'll be dumped when tesla's net worth will be decreased. As tesla invested some part of it's revenue into Bitcoin, tesla share will be effected by the volatility of bitcoin. As a result, price of the share of tesla dumped as bitcoin did so, IMO.

[gotbounty]

It is actually related to being fundamental ways. We know that several days ago, Elon Musk and also Tesla have become a very great influence on the cryptocurrency market. Moreover, it is not only about Bitcoin but another crypto. They are related to each other profits of course.

[TomPluz]

I am not seeing a correlation here and most likely just a coincidence. However, right now, Elon Musk is given such a strong influence by the whole cryptocurrency market so whatever he is saying and doing that has connection with cryptocurrency can have some good or bad effect on the market. But we know that soon Elon Musk and his influence will wane and the market can get back to normal. This is just another exciting episode of Bitcoin and will surely go down as part of its very colorful and pulsating history.

[Cutter Cute]

From here I started to think, what is the net income of the Tesla company when they sell a lot of cars?
Bitcoin has a very volatile price and has nothing to do with Tesla, Elon musk has many partners and we don't know what they do with the amount of money they have then they invest some money into Bitcoin for profit.

[flyaccount]

In fact this proves that Bitcoin is indeed extraordinary. In my opinion, Tesla is taking the right step by investing in Bitcoin, and perhaps the returns will be greater than the profits from selling cars. The car that Tesla issued will not necessarily sell every day, while investing in Bitcoin can be profitable every time. So I think Tesla can indeed take a good business opportunity by investing in Bitcoin.

[ropyu1978]

I wonder if there is a directly proportional relationship between Bitcoin and Tesla?
The reason I asked this question is this: Tesla's shares fell very hard when bitcoin fell hard the other day. This is the worst drop in US stock markets so far. For two days, btc has been rising and Tesla is also rising. Is it a coincidence or could such a relationship be due to Elon Musk?

I worry when Tesla become investor in bitcoin will got problem exactly with United State country where we know they hate with bitcoin as investment or currency transaction, I think Tesla have promoted bitcoin around the world and get good respond from company but will any country wanna adopt bitcoin as legal payment transaction?

[Gurujebs]

We are all aware of how bitcoin and Tesla has been follow punp bitcoin the past weeks. They are one of the recognised and top companies in the world, that's why it's always easier for bitcoin to move at every Tesla move. We shouldn't forget that they also heavily invested in bitcoin also.