In February, Tesla purchased 1.5 billion dollars worth of bitcoin for investment and diversification purposes. Subsequently, its stock price plummeted. Will this polarizing move benefit Tesla in the long-term? Only time will tell.
Author: Robert Liu
Robert is a first-year student from Mānoa, Hawaii, studying at the Haas School of Business as part of the Global Management Program. As an investing columnist, he hopes to explore emerging markets such as blockchain, cryptocurrency, trading cards, and more. In addition to investing and journalism, Robert is extremely passionate about the intersection between business and law, and hopes to one day attend law school. In his free time, Robert enjoys thrift shopping, playing beach volleyball, eating sushi, and visiting new places.