News – UK – Tesla is in the red in 2021 as Bitcoin sell-off weighs in


LONDON (Reuters) – Tesla shares were set to plunge into the red on Tuesday for the year, hit by a widespread sell-off from soaring tech stocks and the fall of Bitcoin, which the electric car maker recently posted Jan. Has invested $ 5 billion

By 1121 GMT, Tesla was down over 6% in U S. Premarket Deals after an 85% drop during the previous session

The Elon Musk-led company has had a stellar ride since 2020, which started at around $ 85 per share before closing on Jan. January the mark of 900 USD reached 25

Currently, the stock is trading at around $ 673 in pre-market trades and is down 25% from its high, which is above the 20% level that technically defines a bear market

Bitcoin has also turned into a bear market and is from a high of 58$ 354 in February fell 21 to a low of 45000 US dollars the previous Tuesday

A German-based dealer said he had Tesla “taken off the table” as a $ 1 dollar “5 billion investments in the cryptocurrency could” backfire “

One of the factors contributing to the rise in inventories is the growing demand from retailers and institutions for “green, social, and governance” (ESG) investments

“There are many reasons – purely from a sustainability perspective – to keep Tesla This is part of this transformation towards a more sustainable business model, “said Valentijn van Nieuwenhuijzen, Chief Investment Officer at asset manager NN IP, told Reuters Friday

However, he added that Elon Musk’s decision to invest in Bitcoin could weigh on Tesla’s ESG rating

His role in fueling a retail frenzy in U’s stocksS. The video game chain GameStop and the increase in the price of the meme-based digital currency dogecoin have also come under fire while being celebrated by a huge fan base

Analysts at Barclays noted that Reddit’s WallStreetBets forum had less conversation about electric car makers, which may explain some of the loss of appetite for the stock

“With only 2-3 submissions in each of the past few days, we are staying below the attention trend that has been accompanied by large leaps in returns in the past,” the analysts said in a note

Other analysts have also warned against investing in the stock, which remains one of the most expensive on the S&P 500 index with 163 times its 12-month forward earnings

While investing in betting against the company’s stocks has backfired spectacularly in the past, short interest in Tesla stock was still 55% according to refinitive data

The contract negotiations between Steelers and Ben Roethlisberger earlier this month have not yet started

The Dallas Mavericks measure the commercial value of former Knicks star Kristaps Porzinigis, League sources told Jake Fischer of Bleacher Report

ESPN NFL draft guru Todd McShay recently released his 32 best NFL draft prospects, and Justin Fields drops to # 13 overall. McShay has placed Trevor Lawrence, Zach Wilson and Trey Lance ahead of former Heisman finalists on It It’s hard to believe that someone who played against the competitive level of Fields would fall for the fourth best quarterback in the draft

Peter King shares five trade proposals he created for teams in search of Deshaun Watson that could blow the Texans apart

The German beach volleyball stars Karla Borger and Julia Sude have announced that they will be boycotting a tournament in Qatar next month, as it was “the only country” where players were prohibited from wearing bikinis on the pitch

Minnesota Wild striker Marcus Foligno drops out a bout against San Jose Sharks defender Nikolai Knyzhov and receives a hat trick from Gordie Howe

It may be the off-season, but it’s always a good time to laugh at the cowboys because they’re crazy By Adam Hermann

He was thrown for “violently throwing a ball at an officer” “This is not shown in the video

UFC bantamweight champion Amanda Nunes defended her belt, beating one of the biggest names in UFC history when she finished Ronda Rousey at UFC 207 in 2016. Nunes is now the bantamweight champion and will be on Saturday the 6th March, put her featherweight title on the line against Megan Anderson at UFC 259 Watch Nunes’ destruction of Rousey at UFC 207 ahead of her fight with Anderson at UFC 259 (Video courtesy of UFC) TRENIDNG> Watch Israel Adesanya Paulo Costa destroyed before UFC 259 Share Amanda Nunes’ victory over Germaine de Randamie at UFC 245 (subscribe to MMAWeeklycom on YouTube)

Bradley Beal scored six of his 33 points late in overtime in three consecutive possessions, and the Washington Wizards extended their longest winning streak in three years to five in a row with a 127-124 win over the collapsing Los Angeles Lakers on Monday night Russell Westbrook scored six of his 32 points in overtime for the Wizards, who caught up in the second half from 17 points behind Washington then took advantage of a missed free throw from LeBron James late in regulation and continued his first win against the Lakers at the Staples Center continued since March 2017

Syracuse’s basketball coach Jim Boeheim was criticized by ESPN’s Jay Bilas for saying Duke would be a better team without Jalen Johnson, Boeheim replied Monday night

A tall jumper was moved to tears when officials mistakenly erased her mark after a jump that could have earned her a gold medal at the Spanish Athletics Championships on Sunday Maria Vicente, 19, appeared to have recorded a distance of over 650 meters with her first jump, but the mark was rubbed out by two officials in the pit who believed she had fouled reps showing the Catalan athlete, who won gold at the Pentathlon on Friday, had not crossed the mark and made another attempt after the officials had realized their mistake

Pujols enters the final year of the historic backload deal he signed with the Angels in 2011

Tonight, the Blue Devils ended a four-game winning streak with a dominant 85-71 win over Syracuse “I’m just tired of losing,” said freshman Jeremy Roach when asked what sparked Duke’s winning streak Improved the game The Blue Devils started throwing haymakers from the start, reminiscent of their start against Virginia on Saturday

According to Shams Charania of The Athletic, the Los Angeles Lakers split from security guard Quinn Cook

Stock, Tesla, Inc, Thomson Reuters Corporation

News – UK – Tesla is in the red for 2021 as Bitcoin sell-off weighs in
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