Earlier this month, Tesla (NASDAQ: TSLA) revealed in a regulatory filing that it had invested $1.5 billion in Bitcoin (CRYPTO: BTC) . The announcement itself caused the cryptocurrency to climb 16% to a new all-time high. This isn't the first time a move by Tesla's enigmatic founder Elon Musk has moved markets.
On this clip from Motley Fool Live recorded on Feb. 8 , "The Wrap" host Jason Hall, Fool analyst Auri Hughes, and Fool.com contributor Danny Vena recount other instances when a move or a tweet by Musk has caused an exaggerated reaction.
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Bitcoin-related Stocks Jumped on Tesla News. Is History Repeating Itself?