• Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
Subscribe
  • Login
  • Register
No Result
View All Result
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
No Result
View All Result
No Result
View All Result

Tesla Falls as Bitcoin Plunges

17/05/2021 18:01
No comments
Tesla's stock price, May 2021

Tesla’s price has fallen another 4% today as the stock continues its downtrend from the high of $900 in January to $564 at the time of writing as pictured above.

The stock has fallen by 20% in the past month and by more than 12% in the past five days with Dow Jones down today as well by 0.4%.

The fall in Tesla’s price coincides with a bitcoin crash to $42,000. The crypto has lost about a third of its value from its recent high of $64,000.

Bitcoin's price, May 2021
Bitcoin’s price, May 2021

On a daily timeframe bitcoin’s price looks like it has been kind of ranging for now months, dropping to around current levels to then try a new high.

Whether this latest fall is much of the same remains to be seen, but Elon Musk, Tesla’s CEO, is seen as causing it by criticizing bitcoin for its energy use as well as stating this Sunday that it is centralized in mining.

It is not clear whether some of the fall in Tesla’s stock price is caused by this too, with some bitcoiners perhaps selling the stock after Musk’s recent statements.

Related Posts

Lido Staking Share, June 2022

Lido Votes Against Limiting Staking

Defi dapps DNS hijacked, June 2022

Defi Dapps DNS Attacked

Eminem Apes

Cristiano Ronaldo Binances

Load More
  • Trending
  • Comments
  • Latest
Grayscale's Bitcoin Trust price, June 2022

Grayscale’s Bitcoin Price Falls to $12,000

Ethereum longs, June 2022

Ethereum Longs Spike

Defi dapps DNS hijacked, June 2022

Defi Dapps DNS Attacked

Bitcoin and other asset prices, June 2022

Bitcoin Drops Below $20,000

Lido Staking Share, June 2022

Lido Votes Against Limiting Staking

Defi dapps DNS hijacked, June 2022

Defi Dapps DNS Attacked

Eminem Ape

Eminem Apes

Cristiano Ronaldo partners with Binance on NFTs

Cristiano Ronaldo Binances

Comments

Latest News

  • Lido Votes Against Limiting Staking
  • Defi Dapps DNS Attacked
  • Eminem Apes

About Trustnodes

Terms of Service

Privacy Policy

Our Ethics and Values

Trustnodes Newsletter

Trustnodes © 2017-2022. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com RSS Feed

No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics

Trustnodes © 2017-2022. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com RSS Feed

Welcome Back!

Login to your account below

Authenticate with MetaMask Loading...

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?