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Ahead of the Bitcoin Curve Since the Tesla Let-Down

The last time we wrote a free article about Bitcoin was on May 13th. The price of the biggest cryptocurrency had just plunged from over $57k to sub-$46k after Tesla CEO Elon Musk tweeted the company will no longer accept it as payment. As we showed in that article, the Tesla disappointment was just a…

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Tesla ‘s Bubble Appears to Be Bursting at Last

Our previous article about Tesla stock, published November 17th, 2020, called for a surge to ~$600, followed by a major bearish reversal. We thought TSLA was then rising in wave 5. A new all-time high was supposed to occur, but since fifth waves conclude every impulse, we opined the bears would be eager to return.…

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Bitcoin Bears Needed a Catalyst. Tesla Obliged

Tesla CEO Elon Musk announced the company would stop accepting Bitcoin as payment due to environmental concerns. The EV-maker’s Bitcoin stunt lasted for just three months, apparently the time it took for its CEO to realize how inefficient and energy-consuming BTC mining is, something we wrote about in March. The price of Bitcoin, of course,…

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Tesla: Elliott Wave Aside, This is Totally Irrational

Tesla is up over 13% in pre-market trading today after news of its scheduled inclusion in the S&P 500 index on December 21st. The stock’s phenomenal rise since the COVID-19 crash led the company to a market cap of over $400 billion. This makes it much bigger than established rivals such as Volkswagen, Toyota and…

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Stay Worried About Tesla Stock

Just when Elon Musk’s Tesla is about to start delivering its first mass-production electric vehicle – the Model 3 – to clients, the stock suddenly dropped from an all-time high of $387 to $303 in just two trading weeks. The price managed to rebound and is currently hovering around $323 a share. However, the company…

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What Do Oil and Tulips Have in Common?

If we need to provide a definition for a “market bubble”, we would describe it as a part of the economic cycle, which characterizes with a rapid and often irrational expansion of the market, accompanied by a an unprecedented surge in prices, driven mainly by optimism and euphoria about the future, followed by an unexpected sharp contraction…

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Tesla Motors and the real cause of the rally

“Tesla Motors Inc. shares hit their highest level in months following a news report about a possible collaboration with competitors Nissan Motor Co. Ltd. and BMW AG on expanding the network of charging stations for electric cars.” – MarketWatch – This statement would be logical, if Tesla’s stock prices were in a downtrend before the above-mentioned news, despite the…

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