BREAKDOWN: What Elon Musk’s $21B Tesla Sale Gambit Says About Markets
The Saturday tweet about the sale drove synthetic crypto-powered Tesla markets down 7%.
This episode is sponsored by NYDIG.
Today on “The Breakdown,” NLW looks at why the fracas around Elon Musk’s Twitter poll about his selling 10% of his Tesla stock is about much more than Tesla. It has implications for domestic politics, market structure and why crypto is the future.
Additionally, the Brief covers:
- The NYC mayor-elect says bitcoin should be taught in schools
- The latest on the infrastructure bill
- Pension funds are moving into alternative assets to find yield
NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.
“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Samuel Corum/Bloomberg/Getty Images, modified by CoinDesk.