Feb 18, 2021
Elon Musk stunned the world and Tesla financial backers late Wednesday evening when in a progression of tweets he declared Tesla will end creation of new vehicles and will turn into a crypto just mutual funds after the new report of a $700 million dollar benefit from their underlying bitcoin speculation.
Musk expressed “Am changing Tesla over to crypto fund. More fun than making vehicles, new vehicle creation will be stopped and no new orders will be acknowledged for Tesla’s at this time.” Many Tesla financial backers felt caught off-guard by the declaration thinking they put into a vehicle organization, however some are for it. One Twitter client, “gay4muskbrrr” said “This is the best Tesla news in 10 years, Musk is a virtuoso continually pushing this organization forward.”
The market supposition is by all accounts responding great to the difference in Tesla Motors to Tesla Crypto when the stock flooded to more than $1400 dollars After Hours wednesday. Cathie Wood of ARK contribute expressed, “This is actually what I imagined when I initially began adding Tesla to our portfolios and set a $5000 value target’