About: http://data.cimple.eu/news-article/5354bb85ecc0490b96e9b2c672cf3a8c33d10d7f39833f6a5d838687     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • Tesla has invested $1.5 billion in bitcoin and plans to soon accept the cryptocurrency from customers who purchase its electric cars, the company said Monday. The announcement from the automaker, in a US Securities and Exchange Commission (SEC) filing, is a sign of confidence in the cryptocurrency that regulators are concerned could be used for illegal transactions. "In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash," Tesla said in announcing the $1.5 billion investment. As a result "we may invest a portion of such cash in certain alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds and other assets as specified in the future." Tesla will also "begin accepting bitcoin as a form of payment for our products in the near future," the company added. The announcement, which helped lift the cryptocurrency to a new all-time high, came just days after Tesla chief Elon Musk briefly changed his Twitter bio to simply read "#bitcoin." Prices of Bitcoin surged to $43,725.51 around 1300 GMT, before cooling slightly to $42,352. Tesla acknowledged in the SEC filing that digital assets "may continue to be highly volatile" and vulnerable to "malicious" technology-based attacks. Regulators and central bankers have reacted cautiously to the latest surge in bitcoin prices. During her confirmation hearing, newly-installed Treasury Secretary Janet Yellen said cryptocurrencies are vulnerable to illicit finance. lo-jmb/hs
schema:headline
  • Electric carmaker Tesla invests $1.5 bn in bitcoin
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
http://data.cimple...tology#hasEmotion
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software