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The market value of the automaker Tesla has decreased by 25% or by $ 215 billion after the company bought bitcoins for $ 1.5 billion on February 8, Forbes writes. Before investing in cryptocurrency, Tesla’s capitalization was $ 815 billion.At the time of the opening of trading on Tuesday, February 23, the company’s market value fell to $ 620 billion.This is below the capitalization level when Tesla entered the S&P 500 stock index at the end of December 2020. Subscribe to LIGA. Business on Facebook: top business news According to the American publication, Tesla’s investment in bitcoin “pegged” the company’s share price to the price of the cryptocurrency. Accordingly, when the price of Bitcoin has plummeted in the past few days – from a record $ 58,000 to $ 45,300 – it negatively affected Tesla’s share price. Also, the decline in the price of cryptocurrency and Tesla shares since the beginning of this week was provoked by the head of the company, Elon Musk. Last Saturday, he tweeted that “Bitcoin is overpriced.” At the beginning of exchange trading on Tuesday, the price of Tesla shares dropped to $ 619, but in the next few hours returned to growth (to $ 703), raising the company’s capitalization to $ 673 billion. Subscribe to LIGA. Business in Telegram: only important Roman Bryl If you noticed spelling error, select it with the mouse and press Ctrl + Enter.

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