Bitcoin failed to challenge the 70,000 mark, and Musk was throwing money wildly. Can Tesla's financial report be as crazy?

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ABMedia
10-22
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Nvidia and Apple stock prices hit new highs again yesterday, Tesla's financial report will be released after the US stock market closes on Wednesday, and the market is focusing on the new round of financial data from tech giants. reached as high as 69,571 in the early morning yesterday, trying to challenge the previous high of $70,000, but ultimately failed and returned.

Will Musk's crazy spending and Tesla's financial report be that crazy?

Recently, Musk (Elon Musk) announced at a pro-Trump rally in Pennsylvania that he will donate $1 million a day to voters who sign petitions for freedom of speech and the right to bear arms, and will implement this "cash plan" through America PAC.

(Musk's cash plan! Before the US presidential election, $1 million will be given to selected voters every day)

However, Musk's investors seem to be not too happy about it. Since the "We, Robot" event, due to the lack of details and the possibility that the launch may not be until after 2026, Tesla's stock price has plummeted and remained sluggish after the event, while the S&P 500 has risen 23% this year, Tesla has fallen 12% so far this year.

(Tesla's event disappoints investors, TSLA stock price plunges over 8%)

And Musk's recent high-profile public support for Trump has also cast a shadow of political uncertainty over Tesla's stock price. Can Tesla's upcoming financial report restore investor confidence?

tried to challenge the $70,000 mark but failed

reached as high as 69,571 in the early morning yesterday, trying to challenge the previous high of $70,000, but ultimately failed and returned, and even plummeted to $66,571 this morning.

( surges to $69K, Bitwise: Heading towards $100K)

Ripple co-founder and executive director Chris Larsen said he has donated $10 million worth of to support Vice President Kamala Harris's bid for the US presidency. It can be seen that the US presidential election still brings uncertainty to the cryptocurrency market.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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