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Tesla and Bitcoin: A Controversial Investment Analysis
In February 2021, Tesla made headlines by purchasing $1.5 billion worth of Bitcoin, a bold and controversial decision from the electric car manufacturer led by Elon Musk. This move triggered a wave of discussions among Tesla investors, with many questioning whether it was a prudent choice to buy into Bitcoin instead of focusing on Tesla's core business of electric vehicles and sustainable energy. With Bitcoin now reaching significant market milestones, investors are deliberating whether Tesla should continue investing in cryptocurrency or redirect those funds toward buying back its stock.