An unusual comparison - Morgan Stanley drew an analogy between Bitcoin and Tesla
Morgan Stanley made an unusual comparison between Bitcoin and Tesla. They noted that over the past few months, the charts of Bitcoin and Tesla have moved almost completely in sync. Tesla has lost a total capitalization of $500,000,000,000 in the past two months.
This turn of events led to negative financial indicators for Elon Musk, who owns Tesla. The multibillionaire is on the verge of sinking below Bernard Arnault, the French fashion tycoon.
Experts from Morgan Stanley note that Musk's financial condition was also significantly affected by his desire to own Twitter. As a result of such a purchase, Elon Musk began to lose $4,000,000 daily. In addition, the owner of Tesla did not rule out the bankruptcy of Twitter in the future.
If this happens, then, according to representatives of the analytical company, the fall of the social platform could negatively affect not only the state of Elon Musk, but also the economic component of the United States. Elements of commercial partnerships, consumer sentiment, the production of electric cars, and even interaction with the government of the United States of America can be hit.
Morgan Stanley experts believe that in the near future, the Tesla board of directors will have to reason with Musk, since the electric car corporation has lost half a trillion dollars in capitalization in one year, which is equivalent to three Disney companies and four Nike companies. Such a result, to put it mildly, is very negative and at this pace, Tesla can really go bankrupt.
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