Elon Musk

Analyst: Tesla’s Share Price Is Now Directly Tied to Bitcoin Value

According to analysts, Elon Musk’s electric car company Tesla has directly tied its share price to the value of Bitcoin following the company’s major investment in the cryptocurrency. One analyst told CNBC: “Musk runs the risk that this side show can overshadow the fundamental EV (electric vehicle) vision in the near term for investors.”

Elon Musk speaking to a Tesla audience

Tesla Will Be Added to S&P 500 in December

Tesla will be added to the S&P 500 index on December 21 in a single step despite concerns that the move could impact the U.S. stock market. Tesla CEO Elon Musk made $100 billion in 2020 alone, making him the world’s second-richest man.

Elon Musk CEO of Tesla