Tesla Bitcoin Price
Tesla Bitcoin Price. At todays rate of roughly 55800 per BTC you can pick up a tricked-out Model S Teslas premier vehicle for about 269 Bitcoin 149990. Featured Image by Blomst from Pixabay - Charts by TradingView. Theres nothing to worry about.
On Thursday the cryptocurrency market had seen around 290 billion wiped off its value since Musks tweet.
Tesla buys 15bn in bitcoin pushing price to new high This article is more than 6 months old Elon Musk has helped to drive popularity of cryptocurrencies including bitcoin and dogecoin. Tesla listed the holding value of those coinsthe price it paid for themat 133 billion. While that condition is not surprising given bitcoins infamous volatility depending which direction the price moves either the car buyer or Tesla could get hosed by a wide swing it.
Customers could pay for a Tesla with bitcoin. Making matters worse Tesla is not able to mark up the value of its Bitcoin on the occasion that its value increases post-investment. For an average cost per coin of 31620.
Later in March the car manufacturer revealed that US. The market has since pared some losses and by around 300 pm. Teslas Bitcoin investment at first looked like another great move by an adventurous visionary.
Based on the. The company hinted that it would start accepting BTC as payment for its products. SEC filing Bitcoin prices surged to new highs Monday following Teslas announcement reaching a price of at least 44200.
In any case Tesla still holds approximately 38406 BTC and those are worth approximately 126B. Now it threatens to wipe out a quarters earnings or worse. At one point on Sunday morning the cryptocurrency was worth nearly 50000 per token.
According to Yahoo Finance calculations and data Teslas volume-weighted average price in January was 34200 which we use as a proxy for Teslas purchase price of bitcoin. That would suggest it is currently holding about 43859 BTC in reserve. For the Tesla aficionado who demands ludicrous precision thats the Model S Plaid which comes with self-driving capability knock 02 BTC off the price if you want your hands on the wheel at all times.
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