![]() In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity. The 2020 10-K was the first SEC filing acknowledging the acquisition, though Elon Musk tweeted about it earlier. Be prepared, this is going to be a very long article, though filled with rare findings. The serious part of this involvement has been Tesla's $1.5 billion investment into Bitcoin, while Elon Musk's involvement with Dogecoin seems more "for fun." However, that too has been changing as of late, with Elon actually claiming to be working with Dogecoin developers to improve transaction efficiency - implying serious interest in using the cryptocurrency seriously.īoth the involvement with Bitcoin and Dogecoin have created some strange mysteries, which I will explore in this article. You see, Elon Musk and Tesla have been on the news due to their involvement with cryptocurrencies, namely Bitcoin ( BTC-USD) and Dogecoin ( DOGE-USD). In this case, the development might even actually create value for Tesla very rapidly. ![]() That is a development that can be used to push the stock higher. In my view, the action so far is a mystery that will, in due time, reveal yet another hype angle for Tesla. There's been a lot of action around Tesla ( NASDAQ: TSLA), Elon Musk, and cryptocurrencies lately. Photo by Win McNamee/Getty Images News via Getty Images
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