Tesla CEO Elon Musk Vows 'None Of My Companies' Will Ever Create A Crypto Token
Portfolio Pulse from Ananya Gairola
Tesla CEO Elon Musk has stated that none of his companies, including xAI, will ever create cryptocurrency tokens. This announcement came after the XAI Corp token experienced a 175% surge in value due to a misunderstanding that Musk's AI venture was creating a cryptocurrency token. Musk's previous interactions with cryptocurrencies, such as Tesla's acceptance and later rejection of Bitcoin as payment, have significantly impacted crypto markets.
November 04, 2023 | 8:36 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Bitcoin's price may be affected by Elon Musk's announcement about not creating crypto tokens. Musk's previous interactions with Bitcoin have significantly impacted its price.
Elon Musk's statements and actions have historically had a significant impact on Bitcoin's price. His announcement about not creating crypto tokens could lead to market uncertainty and volatility.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Dogecoin's price may be affected by Elon Musk's announcement about not creating crypto tokens. Musk's previous interactions with Dogecoin have significantly impacted its price.
Elon Musk's statements and actions have historically had a significant impact on Dogecoin's price. His announcement about not creating crypto tokens could lead to market uncertainty and volatility.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Tesla's stock may experience volatility due to Elon Musk's announcement about not creating crypto tokens. Musk's previous interactions with cryptocurrencies have significantly impacted Tesla's stock.
Elon Musk's statements and actions have historically had a significant impact on Tesla's stock price. His announcement about not creating crypto tokens could lead to market uncertainty and volatility.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70