Bitcoin skyrocketed 5% after Tesla’s founder Elon Musk officially announced it will accept the cryptocurrencies as payment.
TESLA needs more money
Tesla, what now?
Its stock dropped in value in premarket trades on Thursday. Increased volatility is expected, hence the downside may give chances to buy this stock cheaper.
Because Tesla plans to offer around $2 bln of common stock to the public (it is hoped to improve the balance sheet and general corporate well-being). More shares – lower portion of each one in the company stock. Hence, the lower the price is for each one.
Is it good?
For those who already own the stock – doesn’t look good for now (they wish the price went straight to $1000 – now they have to wait a bit longer as it slumps to the area of $750). Strategically, however, if that move works out well for Tesla, the shareholders will be eventually happy.
For those who don’t have Tesla stock but want to have it (here comes the propaganda-style picture with a man pointing at you “Have YOU bought Tesla yet?”) – that may be the last train departing.
Don’t miss your train – TRADE TESLA
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