Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Tesla, Inc.    TSLA

TESLA, INC.

(TSLA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Cryptocurrency Ethereum hits record high, lifted by bitcoin, institutional demand

02/18/2021 | 04:04pm EST
FILE PHOTO: Representation of the Ethereum virtual currency standing on the PC motherboard is seen in this illustration picture

NEW YORK (Reuters) - Ethereum, the second largest cryptocurrency in terms of market capitalization and volume, hit a record high on Thursday, lifted by growing institutional interest in the space, and more than a week after its futures were launched on the Chicago Mercantile Exchange.

The virtual currency reached an all-time peak of $1,938 and was last up 4.6% at $1,936.94.

The CME last week launched futures on ether, the digital currency or token that facilitates transactions on the ethereum blockchain. In the crypto world, the terms ether and ethereum have become interchangeable.

Increasing institutional participation in cryptocurrencies also propelled bitcoin, the largest and most popular crypto asset, to an all-time peak of $52,640 on Wednesday.

"Ethereum is really undervalued, and I believe it has been ... due to its more complex narrative," said Luis Cuende, co-founder of Aragon, a decentralized application on the ethereum blockchain.

"A global computing network for Web3 (internet 3.0) is extremely exciting and new. I would say over the next three months, we could see ethereum hit $2,500."

Bitcoin, on the other hand, is currently in consolidation mode after hitting a record high. It was last down 0.3% at $52,000. Among the mainstream investors and companies that have recently jumped on bitcoin's bandwagon were Tesla, Mastercard, and BNY Mellon.

Jeffrey Gundlach, the billionaire chief executive of investment firm DoubleLine Capital, is the latest of the traditional investors who seemed to have a change of heart on bitcoin. He said in a tweet on Thursday that bitcoin may be the stimulus asset, not gold, adding that "lots of liquid poured into a funnel creates a torrent."

Last month, Gundlach said he was neutral on bitcoin due to its volatility, which was a downgrade of his outlook from overweight.

Another beneficiary of bitcoin's climb as a mainstream asset was the surge in trading volume for Purpose Bitcoin ETF, the world's first bitcoin exchange traded fund, which was approved by Canadian regulators. Purpose started trading on Thursday.

More than C$80 million of Purpose were traded in the first few hours after its launch. By comparison, volume for the Bitcoin Fund, a closed-end investment fund, was about C$30 million.

CME data, meanwhile, showed nearly 1,900 ETH futures contracts were traded for the first five days after last week's launch or about 92,800 ether, equivalent to roughly $160 million.

Around 27% of volume came from outside the United States and more than 33% traded during non-U.S. trading hours.

(1 U.S. dollar = C$1.2698)

(Reporting by Gertrude Chavez-Dreyfuss; Additional reporting by Fergal Smith in Toronto; Editing by Steve Orlofsky)

By Gertrude Chavez-Dreyfuss


© Reuters 2021
All news about TESLA, INC.
12:22pWALL STREET STOCK EXCHANGE : S&P 500, Dow advance as stimulus bill gets Senate n..
RE
11:27aMICROSTRATEGY INCORPORATED  : Rush to bitcoin? Not so fast, say keepers of corpo..
RE
11:03aEXPLAINER : Bitcoin on your balance sheet? Here's what you need to know
RE
10:52aWall St rises as tech selloff eases; U.S. Senate passes stimulus bill
RE
10:39aTESLA  : to build large battery for Texas grid - Bloomberg News
RE
10:19aGLOBAL MARKETS LIVE: General Electric, UBS, Merck…
10:17aNasdaq Slips as Bond Yields Rise
DJ
09:49aS&P Edges Up, Nasdaq Slips as Bond Yields Rise
DJ
09:44aPAYPAL  : to buy Israeli digital asset security provider Curv
RE
08:21aTESLA  : Bernstein reiterates its Sell rating
MD
More news
Financials (USD)
Sales 2021 48 077 M - -
Net income 2021 3 232 M - -
Net cash 2021 10 145 M - -
P/E ratio 2021 196x
Yield 2021 -
Capitalization 574 B 574 B -
EV / Sales 2021 11,7x
EV / Sales 2022 8,99x
Nbr of Employees 70 757
Free-Float 80,3%
Chart TESLA, INC.
Duration : Period :
Tesla, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TESLA, INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 39
Average target price 600,14 $
Last Close Price 597,95 $
Spread / Highest target 101%
Spread / Average Target 0,37%
Spread / Lowest Target -77,4%
EPS Revisions
Managers and Directors
NameTitle
Elon Reeve Musk Chief Executive Officer & Director
Zachary J. Kirkhorn Chief Financial Officer
Robyn M. Denholm Chairman
Ira M. Ehrenpreis Independent Director
Antonio J. Gracias Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
TESLA, INC.-15.26%573 944
NIO LIMITED-21.81%59 941
NIKOLA CORPORATION-2.36%5 840
ELECTRAMECCANICA VEHICLES CORP.-18.42%541
ARCIMOTO, INC.13.76%515
GREENPOWER MOTOR COMPANY INC.-23.61%464