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Over the years of its existence, an array of firms entered the cryptocurrency market. The industry soon went from being associated with the dark web to the balance sheets of top companies across the globe. This shift was further fueled by governments endorsing Bitcoin (BTC). As Elon Musk joined Donald Trump in the US government, the community was expecting a more amicable stance towards cryptocurrencies in the country. Amidst this, the community was keen on witnessing the changes in Tesla’s BTC holdings. Also Read: Ripple and Cardano Alliance Imminent – Will U.S. Gov Fuel Crypto Surge? Tesla’s Bitcoin Stash Remains Steady Source: The Independent According to Tesla’s Q4 2024 financial report, which was made public on January 29, the company’s Bitcoin assets are currently valued at more than $1 billion. Compared to the previously stated $184 million, this is a significant increase. Bitcoin Treasuries reports that the corporation presently owns 9,720 BTC which was v...

Despite dropping for consecutive trading days, Tesla (TSLA) has benefitted from a 4% election day boost as the automotive manufacturer garners some interest. Although its Q3 earnings report had investors feeling optimistic, the stock price quickly turned downward. Now, the market this observing whether or not the price has rebounded. Any discussion regarding Tesla stock begins and ends with Elon Musk. His involvement with the 2024 presidential election and the Donald Trump administration has elicited different reactions from investors. Yet, how the stock responds to the election results will be an important point of observation. Source – Rolling Stone Also Read: Will Tesla (TSLA) Claim $310 Amid The Recent US Elections Hype? Tesla Gets 4% Boost as Market Still Looks Unsure About Stock’s Future It has been a rather volatile few weeks for Tesla stock. The company has struggled to gain a solid footing, with a trajectory that is even more difficult to pinpoint. With an underwhel...

Tesla shareholders have officially approved Elon Musk ’s $56 billion pay package and relocation plan to Texas. The shareholders met at a meeting in Austin, TX on Thursday, putting a vote of confidence into the current Tesla CEO. The shareholders also approved other proposals including the re-election of two board members: Musk’s brother Kimbal Musk and James Murdoch. JUST IN: Tesla $TSLA shareholders officially approve Elon Musk 's $56 billion pay package and relocation to Texas. — Watcher.Guru (@WatcherGuru) June 13, 2024 Speaking at the meeting, Elon Musk described himself as optimistic. “If I wasn’t optimistic this wouldn’t exist, this factory wouldn’t exist,” Musk said to a roaring crowd of approval. “But I do deliver in the end. That’s the important thing.” The voting tallies were not disclosed, but according to Musk, they were overwhelmingly positive. In January, Musk threatened to bui...