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Bitcoin fails to break the $70,000 barrier, Musk continues to promote cryptocurrencies, can Tesla's financial report be just as bold?

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Bitcoin fails to break the $70,000 barrier, Musk continues to promote cryptocurrencies, can Tesla

Nvidia and Apple stock prices hit new highs yesterday, Tesla's financial report is scheduled to be released after the US stock market closes on Wednesday, and the market is closely watching the latest financial data from tech giants. Bitcoin surged to $69,571 yesterday morning, attempting to challenge the previous high of $70,000, but ultimately failed and retreated.

Elon Musk Goes All Out with Money, Can Tesla's Financial Report Match That?

Elon Musk recently announced at a Trump rally in Pennsylvania that he will donate $1 million per day to voters who sign petitions supporting free speech and gun rights before the election, and will implement this "money giveaway plan" through America PAC.

Musk's Money Giveaway Plan! Before the U.S. Presidential Election, Drawing Voters to Receive $1 Million Every Day

However, Musk's investors seem to be skeptical. Since the "We, Robot" event, Tesla's stock price has plummeted and struggled, as it lacks details and the listing time may not be until after 2026. Despite the optimistic environment with the S&P 500 rising 23% this year, Tesla has fallen by 12% so far.

Tesla's Event Disappoints Investors, TSLA Stock Plunges Over 8%

Additionally, Musk's recent public support for Trump has cast a shadow of political uncertainty over Tesla's stock price. Can Tesla's upcoming financial report restore investor confidence?

Bitcoin Fails to Challenge the $70,000 Mark

Bitcoin briefly surged to $69,571 yesterday morning, attempting to challenge the previous high of $70,000, but ultimately failed and retraced to $66,571 this morning.

Bitcoin Surges to 69K, Bitwise: Heading Towards $100,000

Chris Larsen, co-founder and executive chairman of Ripple, announced that he has donated $10 million worth of XRP to support Vice President Kamala Harris's presidential campaign. It is evident that the U.S. presidential election continues to bring uncertainty to the cryptocurrency market.