Markets

Tesla’s extends 2-day plunge to 17% as epic rally takes a breather

Tesla tumbled as much as 9% in early Tuesday trading, extending losses following a similarly sized plunge the session prior. The sell-off has dragged shares to their lowest since December and led CEO Elon Musk to relinquish his title as the world’s richest person. Tesla’s latest slump follows confusion over […]
Tesla’s extends 2-day plunge to 17% as epic rally takes a breather
Tech

It’s not just Elon Musk — a Tesla board member may have also helped with the automaker’s massive bitcoin purchase

A Tesla board member with an appetite for cryptocurrency may be behind the company’s bitcoin investment. Antonio Gracias is the director of two cryptocurrency companies through his investment firm. Tesla’s $US1.5 billion bitcoin purchase helped the cryptocurrency cruise to record highs. Visit the Business section of Insider for more stories. […]
It’s not just Elon Musk — a Tesla board member may have also helped with the automaker’s massive bitcoin purchase
Markets

‘Big Short’ investor Michael Burry says Tesla stock could plunge 90% without major fallout — and a slump could reduce speculation

Michael Burry says Tesla stock could plunge 90% without crashing the financial system. “The Big Short” investor suggested a slump could temper speculation. Burry, who is short Tesla, has criticised reckless investing in recent months. Visit Business Insider’s homepage for more stories. If Tesla stock plummets 90% this year, it […]
‘Big Short’ investor Michael Burry says Tesla stock could plunge 90% without major fallout — and a slump could reduce speculation
Tech

Morgan Stanley’s investment arm is reportedly considering a stake in bitcoin

A Morgan Stanley investment unit is reportedly considering a bet on bitcoin. Counterpoint Global, a unit of Morgan Stanley, was eyeing the investment, Bloomberg reported. The investment would require regulatory approval. Visit the Business section of Insider for more stories. An investment unit under Morgan Stanley is exploring a stake […]
Morgan Stanley’s investment arm is reportedly considering a stake in bitcoin