Tesla invests in Bitcoin, drives value to record
SPRING: Tesla has invested around $1.5 billion in Bitcoin and said it plans to begin accepting the digital currency as payment for its high-end vehicles soon. The price of Bitcoin soared 15% to above $43,000 Monday.
The California-based electric car maker headed by Elon Musk revealed the new strategy in a filing with the U.S. Securities and Exchange Commission, saying its investment in digital currency and other “alternative reserve assets” may grow.
Bitcoin rose to $43,863 and briefly hit a new all-time high. Shares of Tesla moved higher as well. In its fourth-quarter earnings report last month Tesla said it had cash and cash equivalents of $19.4 billion.
CHANDIGARH: Eleven more Covid-19 fatalities took the toll to 5,653 in Punjab while 192 fresh coronavirus cases pushed the infection count to 1,74,838 in the state on Monday, according to a medical bulletin.
There are 2,112 active coronavirus cases in the state, as of now, it said.
Ludhiana reported 29 cases, SBS Nagar 26 and Jalandhar 24, among the fresh cases in the state, the bulletin said.
It said a total of 245 coronavirus patients have been discharged after recovery from the infection, taking the number of cured persons to 1,67,073 in Punjab.
7 patients critical
Seven critical patients are on ventilator support while 89 are on oxygen support, the bulletin said.
A total of 46,03,909 samples have been collected for testing so far in the state, the bulletin said.