Post
Topic
Board Economics
Re: Did tesla's $1.5 billion bitcoin purchase negatively affect their stock price
by
mazdafunsun
on 27/03/2021, 17:19:34 UTC
No ,i dont buy this theory because Tesla stock was not the only one tanking at the time. All the tech sector stocks started to tank at the same day. Although  this was huge news for crypto and BTC , the amount for Tesla's treasury was not that high to initiate some kind of negative response.