In any market, there is a rise and fall in the rates of certain assets and the reasons are different. Everyone knows that Tesla shares broke another growth record and reached a maximum of $ 900 in early 2021, and the current drop in quotations is just a price correction after super growth, and the result of macroeconomic and market problems as a result of the pandemic. It's no secret that Tesla's business and other areas are developing with outstanding tepps and the recent decline in the share price is practically nothing in comparison with future achievements and the trend of another growth remains a matter of time.
Tesla has made roughly $1 billion in paper profits from its investment into bitcoin, according to Daniel Ives, analyst at Wedbush Securities estimated.This month, Tesla disclosed in a Securities and Exchange Commission filing that it had bought $1.5 billion worth of bitcoin.The purchase was made some time in January, the company said without disclosing when or at what price it bought bitcoin for. It's unclear if Tesla has sold any of the bitcoin yet.