Nvidia and Apple stocks hit new highs yesterday, while Tesla’s earnings report is set to be released after the US stock market closes on Wednesday, and the market is focusing on the latest financial data from the tech giants. Bitcoin briefly rallied to $69,571 yesterday morning, attempting to challenge the previous high of $70,000, but ultimately failed and retreated.
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Can Musk’s Coin Giveaway Mirror Tesla’s Earnings Report?
Bitcoin Fails to Challenge the $70,000 Mark
Elon Musk recently announced at a pro-Trump rally in Pennsylvania that he would donate $1 million a day to voters who sign petitions for free speech and gun rights, and this “cash-level plan” will be implemented through America PAC.
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Musk’s Cash-Level Plan! Giving Away $1 Million to Voters Every Day Before the US Presidential Election
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However, Musk’s investors seem to be skeptical. Since the “We, Robot” event, Tesla’s stock price has plummeted and remained sluggish due to the lack of details and the possibility of not going public until after 2026. Despite the optimistic environment with the S&P 500 rising 23% this year, Tesla has fallen 12% year-to-date.
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Tesla’s Disappointing Event Causes a More Than 8% Drop in TSLA Stock Price
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Musk’s recent vocal support for Trump has also cast a shadow of political uncertainty over Tesla’s stock price. Can Tesla’s upcoming earnings report restore investors’ confidence?
Bitcoin briefly rallied to $69,571 yesterday morning, attempting to challenge the previous high of $70,000, but ultimately failed and retreated, even plunging to $66,571 this morning.
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Bitcoin Surges to $69K, Bitwise: Moving Toward $100K
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Ripple co-founder and executive chairman Chris Larsen has donated $10 million worth of XRP to support Kamala Harris’ campaign for vice president. This shows that the US presidential election still brings uncertainty to the cryptocurrency market.
Bitcoin
Tesla
Earnings Report
Musk
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