Tesla’s $1.5 billion investment in bitcoin probably won’t inspire other major companies to spend their corporate cash on cryptocurrency, JP Morgan analysts say.
After beating Mark Zuckerberg in world rich list ranking — the billionaire Tesla CEO Elon Musk has now leapfrogged Bill Gates to grab the world’s second-richest ranking.
One of the biggest investors in Tesla has defended the explosive growth in the US electric carmaker’s share price, arguing that it is “far from an aberration”.