Bitcoin's Decline Makes Tesla Lower: Value Loss 5%

Tesla (NASDAQ: TSLA) dropped 5% on Thursday. A cautious analyst report put pressure on the stock, with the drop in bitcoin prices. 

Potter warned of the risk of delaying ground production at the company's new plants in Germany and Texas, according to quotes from Alexander Potter, a senior research analyst at Piper Sandler (NYSE: PIPR). Tesla has often missed his own goals in the past, but instead of over 500,000 records last year, it fed hopes for improvement in life. 

The analyst gives the company a 'heavyweight' rating with a price target of $ 1200. Stock came on the ground in an uproar for Piper Sandler's stock. I asked about Zeekr, a new premium brand that Geely aims to compete with Tesla. 

The US-China customer, who has risen in recent months, reminded Tesla's depth to the Chinese market that he has presented to many. The big declines in (Bitcoin) prices also shed light on the weekend CEO Elon Musk's promise to accept Tesla's Bitcoin as a payment tool from different angles. 

In a note shared by Bank of America, he emphasized the intensity of Bitcoin's carbon footprint, saying that Tesla has shaken the environmentally friendly image itself.