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    TSLA   US88160R1014

TESLA, INC.

(TSLA)
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Tesla : Bitcoin rises 9.8% to $39,035

06/13/2021 | 06:34pm EDT
FILE PHOTO: Illustration of Bitcoin

(Reuters) - Bitcoin surged 9.8% to $39,035.47 on Sunday, adding $3,492.71 to its previous close.

Bitcoin, the world's biggest and best-known cryptocurrency, is up 40.7% from the year's low of $27,734 on Jan. 4.

Ether, the coin linked to the ethereum blockchain network, surged 7% to $2,532.77 on Sunday, adding $165.77 to its previous close.

Tesla Inc Chief Executive Officer Elon Musk tweeted on Sunday that the electric carmarker will resume allowing bitcoin transactions when miners who verify transactions use more renewable energy. Musk has been a major promoter of cryptocurrencies but has turned critical of bitcoin since suspending Tesla plans to take it in payment for cars, owing to concerns that the computers used to "mine" it use too much energy.

"When there's confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions," he said in the tweet.

(Reporting by Maria Ponnezhath in Bengaluru; Editing by Daniel Wallis and Lisa Shumaker)


ę Reuters 2021
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Analyst Recommendations on TESLA, INC.
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Financials (USD)
Sales 2021 50 308 M - -
Net income 2021 3 996 M - -
Net cash 2021 8 422 M - -
P/E ratio 2021 206x
Yield 2021 -
Capitalization 746 B 746 B -
EV / Sales 2021 14,7x
EV / Sales 2022 10,8x
Nbr of Employees 70 757
Free-Float 81,0%
Chart TESLA, INC.
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Technical analysis trends TESLA, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 33
Last Close Price 753,64 $
Average target price 686,25 $
Spread / Average Target -8,94%
EPS Revisions
Managers and Directors
Elon Reeve Musk Technoking of Tesla
Zachary J. Kirkhorn Master of Coin
Robyn M. Denholm Chairman
Ira M. Ehrenpreis Independent Director
Antonio Jose Gracias Independent Director
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