Tesla Limits Bitcoin Losses

Published by
The Street

By Luc Olinga Electric-vehicle maker Tesla and CEO Elon Musk warn of massive hacks affecting the crypto industry. Tesla (TSLA) – Get Tesla Inc. Report can smile. The manufacturer of premium electric vehicles hasn’t been much affected by the fall in cryptocurrency prices. At the beginning of 2021 the group provided a much needed vote of confidence to the young industry, which wants to disrupt the world of finance. Indeed, CEO Elon Musk said in February 2021 that the company had invested $1.5 billion in bitcoin. In January the firm had purchased more than 43,200 bitcoins. The bet quickly paid of…

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