Tesla CEO Elon Musk speaks at the delivery ceremony of the Tesla manufactured in China Model 3 in Shanghai, East China, on January 7, 2020.
Ding Ting | Xinhua News Agency Getty Images
Stocks Tesla slipped in pre-sale on Tuesday, by more than 6%, a day after the biggest stock loss in months.
Tesla shares closed 8.55% on Monday, while investors betting on the return of the pandemic were thrown out of Big Tech and piled into cyclical stocks. That was the biggest drop of Tesla since September 23, 2020, when it closed 10.34%.
Shares of Big Tech colleagues also fell on Monday, s Apple,, Amazon i Microsoft each closure more than 2%. All in all, Nasdaq Composite fell 2.5 percent on Monday, while Dow Jones industrial average reversed a loss of 200 points to close 0.1%.
Earlier this month, Tesla revealed that it had bought $ 1.5 billion worth Bitcoin for “greater flexibility to further diversify and maximize our cash returns.” The company also said it plans to start accepting payments in bitcoin.
The company is “on track to make more money from its Bitcoin investments than it earns from selling its EV cars (electric vehicles) throughout 2020,” Wedbush Securities analyst Daniel Ives said in a survey over the weekend.