Tesla’s Bitcoin Bet Turns into a Nightmare

Published by
The Street

By Luc Olinga The electric vehicle manufacturer had invested $1.5 billion in Bitcoin in 2021. The list of victims of the Bitcoin and cryptocurrency crash continues to grow every day. Tesla (TSLA) – Get Tesla Inc. Report, the manufacturer of electric vehicles is now part of it. Elon Musk’s company had invested $1.5 billion in Bitcoin on February 8, 2021. This investment lost a lot of value as cryptocurrency prices plummeted. Bitcoin has fallen and is currently trading at its lowest level since December 2020. Bitcoin is at $22,499.99, compared to $69,044.77 reached last November. In eight months…

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