Tag: Elon Musk

Elon Musk Buying Twitter is A Great Thing: Here’s Why

Elon Musk Buying Twitter
Twitter accepts Elon Musk’s proposal – Market News

Elon Musk buying Twitter might have sparked some controversy.

Ladies and gentlemen, it’s official.

Twitter’s board accepted the $44 billion on Monday.

#ByeTwitter is trending as people oppose the ‘takeover’ by Musk.

But is Elon Musk buying Twitter the worst thing that could have really happened on the platform?

Here’s why the move could actually be a great thing.

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Elon Musk seals Twitter deal

Elon Musk filed a Schedule 13D with the SEC earlier in April adjusting his proposal with Twitter.

He proposed acquiring 100% of Twitter in a $44 billion cash deal on April 14th to take the social media company private.

Elon advised that if the company did not accept his offer he would pull his 9.2 stake out of the company since both their values did not align for the public’s best interest, free speech as Musk has said.

The Tesla and SpaceX CEO became Twitter’s biggest shareholder when it acquired a 9.2 stake in the company.

He purchased more than 73.4 million shares according to the Schedule 13D filing.

Elon’s stake was worth roughly $2.89 billion when the market closed that Friday.

A week after the proposal was made, Elon exposed the Twitter board for not holding any shares of the social media company themselves.

Now the deal is officially sealed according to REUTERS.

What does Elon Musk want to do with Twitter?

Elon Musk says he wants to eliminate spam bots on Twitter as well as bring back freedom of speech on the social media platform.

This is an incredibly important part of the acquisition that has many avid users excited about the takeover.

Elon Musk has been a long-time advocate for freedom of speech and has also exposed injustices in the market.

He understands how the market is manipulated through what he describes as ‘short and distort‘ campaigns.

This is where media is used to create a negative headline on a stock and then short sellers attack it, profiting from the falling share price of a profitable and successful business.

Tesla has been a victim to this type of abuse in the market and Elon has created a disruption in the SEC by exposing this fraud.

But the SEC hasn’t done anything about the market manipulation, but rather investigated Elon Musk instead.

Similarly, what occurred with ‘meme stocks’ last year has retail investors fighting for market transparency as millions of investors have been cheated from their money.

The retail community finally feels like they have a giant on their side.

How will free speech be monitored on Twitter?

Elon Musk on Free Speech - Twitter Acquisition
Elon Musk on Free Speech – Twitter acquisition

Elon expresses during a TED talk that the Twitter acquisition is not for monetary gain but rather an effort to provide humanity with a platform where freedom of speech is not compromised.

In that TED talk, he mentions free speech will abide by laws so it is not lawless.

People against the acquisition think the social media are looking at the negatives rather than the positives.

A social medial platform that can no longer limit Twitter posts from being seen due to scandalous exposure allows the truth to be seen.

Elon Musk said on TED he’s big on the truth.

And those who support Elon Musk buying Twitter is too.

Elon Musk Twitter TED Talk – Elon Musk on Free Speech

What are your thoughts on Elon Musk buying Twitter?

The purpose of Elon Musk buying Twitter is to provide people with a social media platform that cannot be influenced by outside forces, which could potentially harm the narrative of the truth.

While people might argue that a man with so much money and power should not have more influence and more power, I disagree, depending on who wields that power.

Because there are currently people running the country who abuse this power.

And unlike Elon Musk, they are not for the truth.

I’d love to hear your thoughts in the comment section below.

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Former SEC Chairman Says “Musk Has Done Serious Damage to the Market”

Former SEC Chairman Harvey Pitt
Market News: Former SEC Chairman Harvey Pitt takes Jab at Elon Musk

(Bloomberg) Former SEC Chairman Harvey Pitt, says Elon Musk has done serious damage to the market.

When asked what he would do if he were chairman again, his response will alarm you.

It seems the SEC has deep roots of going after those who expose their shortcomings.

Elon Musk has openly talked about how the SEC fails to protect retail investors and now he’s a target.

Let’s get more into what the former SEC Chairman had to say.

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The SEC is uncomprehending of the real issues at hand

When former SEC Chairman Harvey Pitt was asked what he would do today, he responds by saying he would investigate the motive behind Elon Musk wanting to buy Twitter.

Regulators to Elon: Why do you want Twitter?

Elon Musk: For free speech.

Regulators: Right, we got that, but why?

There are a number of things the SEC could be focusing on but continue to neglect retail’s concerns.

Harvey Pitt said Elon Musk is using influencer marketing to move the masses which could be dangerous.

Necessary commentary here: I rather someone with Elon’s influence to move the masses if it means exposing the shortcomings of our incompetent regulators.

The people have already been speaking out about the SEC for years, now they just need a scapegoat do ‘de-escalate’ the sentiment.

But the truth is we need more influencers to speak out on market injustices and corruption in our government.

Elon Musk has not created any damage to the market, our incompetent leaders have.

The SEC has no public support

Here’s a red flag, the SEC has absolutely no public support.

Numerous polls on Twitter have been conducted by retail investors where more than 90% of people say they do not trust the SEC.

Investors believe the SEC has been compromised and no longer serve the people, but rather serve the financial institutions in a pay-to-play system where accountability for systemic risk is pardoned with a fine.

Unfortunately, parties on the same side will attack Elon Musk’s reputation to shut down public perception.

Former SEC Chairman Harvey Pitt fails to realize we no longer live in a world where the people sit in silence.

Social media has given communities platforms to raise awareness of injustices in the world.

The reason why regulators and affiliates have a problem with Elon Musk buying Twitter is because they don’t want the people to have that power.

We can say the same for crypto.

Crypto hedge funds are emerging as laws are being written for cryptocurrency.

Crypto is a true representation of supply and demand, unlike the stock market which is tailored specifically for financial institutions.

The SEC caters to hedge funds and market makers, not the people.

Should the president or the people elect the SEC?

SEC

The president elects the SEC Chairman and commissioners.

Which means it would be quite difficult to remove these people from power.

Is this right though?

Should it be difficult to remove government officials from power?

That doesn’t sound American to me.

The people should be allowed to vote these people into power.

Jon Stewart for SEC Chairman, anyone?

Our government is getting more powerful and greedier.

We need people such as Elon Musk to raise awareness of the corruption in the markets.

It’s time the people take their power back and start holding regulators accountable.

Read: Is the SEC Complicit to Market Injustices?

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Elon Musk Now Offers to Buy 100% of Twitter in New Cash Deal

Elon Musk wants to buy Twitter
Market News: Elon offers new cash deal to take Twitter private – Elon Musk Twitter News

Elon Musk wants to buy Twitter for 100% of the company and take it private.

The SpaceX and Tesla CEO filed a Schedule 13D with the SEC updating his proposal for the social media company.

But that’s not all.

The Dogefather says he will sell his entire stake if they do not agree to these terms.

I will be breaking all of it down below.

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Elon Musk makes Twitter an offer

Elon Musk Twitter News
Elon Musk Twitter News – Elon Musk Twitter Letter

Elon tweeted this morning that he “made an offer” and shared a link to his filed Schedule 13D.

I’ll be leaving the link to the report down below, but I’d like to break it down for you first.

The name of the reporting person is indeed Elon Musk, so this proposal comes directly from him, not his team.

The SEC report shows the SpaceX CEO currently owns 73,115,038 shares of Twitter stock (TWTR), or a 9.1% stake in the company.

Elon Musk is now proposing to acquire all of Twitter’s outstanding common stock at a $54.20 per share cash deal.

Because it’s only a proposal at the moment, the deal is non-binding for now until conditions and receipts require legal agreements and approvals.

If the proposed transaction is completed, the Common Stock would be terminated and delisted from the New York Stock Exchange as the SpaceX CEO takes the company private.

Elon Musk scripts on the full acquisition of social media company Twitter

Elon Musk Twitter Investment
Elon Musk Twitter Investment News – Elon Musk Twitter Stock – Elon Musk Twitter Letter

Here is Elon’s proposal on the SEC report:

[Bret Taylor

Chairman of the board,

I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.

However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.

As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.

Twitter has extraordinary potential. I will unlock it.]

Best and final

SEC

Elon Musk says his offer to buy Twitter is best and final.

The Tesla CEO states that he will not be playing back-and-forth games.

“If the deal doesn’t work, given that I don’t have confidence in management nor do I believe I can drive the necessary change in the public market, I would need to reconsider my position as a shareholder.”

Now, the CEO makes it very clear that this is not a threat, but simply not a good investment without the changes he seeks to make in the social media company.

He says those changes will not happen without taking Twitter private.

The Twitter management team will have Musk’s advisors available to them after they’ve received the proposal.

There will be more details in their public filings, according to Elon.

You can view the official SEC report here.

Will Elon Musk buy Twitter?

I’d love to hear your thoughts on the topic.

Elon Musk wants to provide the world with a platform that allows free speech as he believes it is essential in a democratized society.

This makes sense, right?

What are the challenges of providing the world with a free speech platform?

If the proposal is denied, how will this make you feel about Twitter?

Be sure to comment down below.

As for me, I think he should buy the SEC.

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Elon Musk Now Has the Largest Twitter Shareholder Position

Elon Musk Twitter
Elon Musk Twitter Stake – TWTR stock is up more than 27% after Elon Musk buys Twitter

TWTR stock surged more than 27% on Monday after Elon Musk took a 9.2% stake in the social media giant.

The news comes after the SpaceX CEO published a poll on Twitter asking the world if they thought Twitter adheres to the principle of free speech.

29.6% of participants said yes while 70.40% said no.

He then stated, “the consequences of this poll will be important. Please vote carefully.”

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Elon Musk beats Vanguard as the largest holder

TWTR Stock Chart
TWTR Stock Chart – Elon Musk buys Twitter

Twitter stock rose more than 27% on Monday after the Elon Musk Twitter news began circulating the platform.

The stock jumped up as high as $50 per share.

Elon Musk now has the number one spot in the top ownership list of TWTR stock.

And clearly the power to move markets.

This Schedule 13G filing shows Elon purchased more than 73.4 million shares of Twitter, putting him on top of Vanguard, Morgan Stanley, and BlackRock.

Elon Musk’s stake in Twitter is worth roughly $2.89 billion, based on Friday’s market close.

Elon Musk Twitter

Elon has been very outspoken about short selling in the market, the incompetency of the SEC, and on social media censorship.

It comes as no surprised that he’s taken it upon himself to essentially buy Twitter to have some sort of leverage on how the platform is used.

I don’t think there could have been anyone better on this planet to have this much ownership of the social media giant.

I’m curious to know what you think.

The issue with social media censorship

Twitter Censorship
Twitter Censorship

This could be an entire article on its own but I’m briefly going to touch on it.

Censorship on social media has taken away the user’s freedom of speech.

The ‘ape’ community got #KenGriffinLied trending before Twitter censored it to only ‘Ken Griffin’ is trending.

This is just one example of how Twitter has censored a real concern for retail investors in the past.

Other examples of social media censorship have occurred on Facebook when more real-world injustices have been exposed.

The Guardian’s ‘Pandora Papers’ was published on Facebook and removed from the social media giant that same day.

That same day I published an article on Bank of America shorting AMC Entertainment stock, which was removed that day Facebook shut down for hours.

Both these articles were going viral until Facebook shut everyone down from using the platform and removed the content.

Elon Musk is one of the biggest personalities on Twitter and is an advocate for freedom of speech on social media.

What do you think will happen as one of the richest and most influential men on earth holds the biggest stake in Twitter?

Leave a comment below.

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Everything You Need To Know About Dogecoin Crypto

Not investing in crypto yet? Bookmark this article to learn how!

Dogecoin
Dogecoin

Dogecoin has taken the internet by a storm. This cryptocurrency keeps increasing in value and it’s leaving old economic ways behind.

Doge is currently known to be ‘The Internet Currency’ since the takeover of memes and online trading.

Although Dogecoin started as a joke, it has now succeeded as a peer-to-peer cryptocurrency.

Doge has hit another milestone thanks to no other than Elon Musk who seems to love this cryptocurrency and its community.

Dogecoin soared 800% in just on day in late January. We saw a spike in AMC during this time as well.

Now, the fact that Elon Musk can tweet out a meme and allow a community of investors to make money from it is hilarious and amazing at the same time.

The influence man. We’ll go over that a little later. Let’s go over why Dogecoin is causing a disruption and frenzy everywhere online.

franknez.com

Welcome to Franknez.com – the blog where you can digest content on stocks, crypto, and market news. Today we’re getting into Dogecoin.

Lets get started!

What is Dogecoin?

Dogecoin is a digital currency that can easily be sent online from person to person with total security.

You can send Dogecoin to people internationally within seconds. Dogecoin is also now being accepted by online retailers! This means you can use it actually purchase both digital and hard goods from businesses accepting this form of payment.

Dogecoin Cryptocurrency launched at the end of 2013. It rose in popularity at a time when the creators were just beginning to explore the possibilities in regards to Bitcoin’s invention.

It is currently a hype coin due to the Reddit community teaming up to take it to the moon. Which by the way they’ve done an excellent job in, attracting multiple celebrities to the cryptocurrency and meme community via Twitter.

Pre-Dogecoin

Dogecoin currency was originally copied from an earlier cryptocurrency known as Luckycoin, which no longer exists. In 2014 Dogecoin’s mining process was integrated with Litecoin’s.

What is cryptocurrency mining?

Mining is a term used when cryptocurrency data such as transactions and data blocks are being recorded in a blockchain.

So, who created Dogecoin? The developer known to invent Doge are Billy Markus and Jackson Palmer. Their idea came about when deciding to create a form of payment that could be instant, fun, and free from traditional banking fees.

What can I purchase with Dogecoin?

You can buy gifts, groceries, services, and pretty much just about anything else the dollar can buy online.

You’ll be surprised that the Dallas Mavericks are have accepted Doge as a form of payment for both tickets and merch.

In fact, they are currently the largest Dogecoin merchant in the world. More on that below.

Companies accepting Dogecoin as payment

A few companies such as The Kessler Collection announced that it would be accepting Dogecoin for payment at its hotels through their partnership with BitPay.

The Kessler Collection owns some of the biggest hotels and resorts including the Beaver Creek Lodge, Casa Monica Resort & Spa, Elliot Park Hotel, and Grand Bohemian Hotel Asheville to name a few.

Even the adult entertainment industry has begun accepting Dogecoin payment along with Bitcoin and Ethereum.

Adult entertainment accepts dogecoin as payment

Dogecoin is primarily used in the gaming and streaming world as a means to tip content creators. We’ve seen this on Reddit and Twitter.

However, more and more mainstream companies are accepting cryptocurrency as a form of payment. The question is how did all of this blow up?

BREAKING: Elon will accept Dogecoin as payment for Tesla merchandise

Why is Dogecoin so big?

Dogecoin is revolutionizing the way we transact and buy things. There is no middleman or bank to process your transactions or take a cut.

Every transactions is also completely anonymous.

Dogecoin has a block time of 1 minute while other cryptocurrency has a block time of approximately 10 minutes. This means transactions are a lot quicker if you’re using Doge. This is something people really love about Doge.

Because of this, Dogecoin is a better use-case as a currency than other cryptocurrency because of how convenient it is.

The power of social media

Elon Musk took to twitter his personal support for Dogecoin. SpaceX’s CEO influenced Doge to soar more than 100% from one tweet alone.

But that’s not all, Elon has now published several tweets regarding cryptocurrency in general, we’ve seen this with Bitcoin too. Elon has figured out that his influence can legitimately increase the price of an asset.

We wonder if this is all a test. Can he do this with other assets?

Well, people figure he can. Retail investors and meme investors alike tweet Elon every day pitching him ticker symbols to call out. This of course is in hopes that said stock will see a surge in price action.

Oh come on Elon, do us all a favor!

Elon Musk Tweets Doge

While some people might have thought Elon to be a little crazy for supporting cryptocurrency, the Reddit community surrounding these meme stocks and coins have praised Musk.

When you have someone as big as Elon Musk supporting your community it no longer becomes a joke. He’s even announced that you can now buy a Tesla with Bitcoin.

For those of you who thought cryptocurrency was just a trend, think again. Cryptocurrency is changing the way we transact and view the digital world.

Other celebrities that have endorsed Dogecoin include Snoop Dogg, Gene Simmons, and Kevin Jonas. Mark Cuban just recently announced he would be accepting Doge as a form of payment for tickets and merchandise.

Mark Cuban dogecoin

We’ve seen Mark support what retail investors are doing in the meme world of stock investing as well. He’s mentioned on r/wallstreetbets that his 11 year-old son took a position in both AMC and Blackberry stock via. Markets Insider.

Related: How soon will we see an AMC short squeeze?

Dogecoin fundraising

The Dogecoin community and foundation raised about $50,000 worth of Doge in 2014 for the Jamaican Bobsled Team, which had qualified for but could not otherwise afford to attend the Sochi Winter Olympics.

This act inspired a second donation by the Dogecoin community led by Eric Nakagawa. Donations were collected to build a well in the Tana river basin in Kenya with Charity: Water. They raised approximately 40 million doge valuing $30,000 at the time.

In this same year, the community also raised 67.8 million Dogecoin, approximately $55,000 at the time, in an effort to sponsor NASCAR Sprint Cup Series driver Josh Wise. Also nicknamed ‘Moonrocket’. The car featured a Dogecoin/Reddit paint scheme.

What’s the difference between Bitcoin and Dogecoin?

Dogecoin stands out as being the easiest and quickest to transact. Another advantage this cryptocurrency has over Bitcoin is that it’s cheaper to use.

This is mainly because until recent times it’s been less popular than Bitcoin.

Cryptocurrency supply

Bitcoin has a max supply of 21 million gill which means it’s a deflationary type of currency. Because there’s only an exact quantity of currency, the price action will continue to surge as the demand for Bitcoin increases. This is Bitcoins advantage.

Dogecoin on the other hand is an inflationary currency which means we continue to make more of them. Just like our USD. It’s initial supply was capped at 100 billion DOGE, but developers scrapped this idea a few months after the launch.

10,000 dogecoin is being created every minute. Unlike Bitcoin, there’s no limit to how much doge can exist. While Dogecoin can spike in the short-term, it’s highly unlikely it holds its value once more people start using it. This is primarily due to the fact that Doge is being created every minute.

What does this mean for the price of Doge?

1 dogecoin = 1 dogecoin

Because Doge is not rare, all this means is that it’s going to take a lot more work for Doge to increase in price. Once the entire world is using Dogecoin, chances are 1 dogecoin will equal 1 dogecoin.

Can Dogecoin reach $1?

According to the market cap, Doge is worth approx. $0.31. In order for Doge to reach one dollar it would need a price increase of 300%. That’s quite a big jump.

The market cap would have to be approximately 125.4 billion which is an insane number. Doge will have to grow larger than the top 8 cryptocurrencies combined:

  • Bitcoin
  • Litecoin
  • Stellar
  • Chainlink
  • Cardano
  • Polkadot
  • Ripple
  • Tether

The closes cryptocurrency with that market cap is Ethereum. Doge could potentially reach $1 but it’s going to take quite some time.

The question is, will there be enough hype and people getting in on the cryptocurrency to increase the market cap up to 125 billion?

You be the judge.

What’s with Doge 4/20?

Doge 4/20, also referred as Doge Day, is the day the Dogecoin community hopes to celebrate the day Doge reaches $1.

Even Snickers is getting in on the celebration!

Snickers even went as far to put a Dogecoin gif on a Snickers bar candy wrapper. You gotta love the hype!

DogeDay 4/20

Even if Dogecoin doesn’t go to $1 on April 20, it’s highly likely the community marks 4/20 as DogeDay.

So what exactly happened on DogeDay 4/20?

They cryptocurrency actually dipped with many investors continuing to add to their positions. DogeDay could have really used a tweet from Elon.

Recent Dogecoin news

  1. Dogecoin crashes Robinhood: Robinhood just recently announced that they would be allowing their users to buy Doge from the platform. The results? A massive crash. Though, everyone was still able to buy Doge.
  2. A petition for Amazon to start accepting Dogecoin has surfaced on change.org. You can view it here. If that happens then the price of Dogecoin will skyrocket.

With Dogecoin getting more popular by the day, it’s no surprise transactions crashed Robinhood.

Investors beware, Robinhood is no longer known as a quality trading platform since the halt of GameStop and AMC purchases. Don’t say you weren’t warned.

If Dogecoin is accepted as a from of payment from Amazon, this will influence more people to by the cryptocurrency, as well as increase it’s value. Whether this happens or not we’ll just have to find out. This post is continuously being updated as recent news and updates emerge.

Where can I buy Dogecoin?

Here’s a list of exchanges where you can buy Dogecoin:

  1. Coinbase 🎉
  2. Kraken
  3. BKEX
  4. Paribu
  5. Binance
  6. VCC Exchange

Your English platforms will be Coinbase, Kraken and Binance. I personally use Coinbase. The layout is simple and easy to use.

Dogecoin coinbase

Making my first deposit in Coinbase was easier than I thought and it didn’t take long at all for my deposit to go through.

Purchasing cryptocurrency seems quicker and easier than purchasing stocks which is something I really liked. Perhaps it’s Coinbase’s quick layout that makes it seem so easy to transact. I highly recommend it though, be sure to check it out for yourself.

How much does Dogecoin cost?

Dogecoin is currently trading around $0.26. and is ranked #8 in popularity on the watchlist via. Coinbase.

Will Dogecoin keep going up?

As long as people keep buying doge the price action will continue to go up. We’ve seen institutions and companies start to buy this cryptocurrency for quite some time now.

This reminds me of what’s going on with AMC Entertainment at the moment. More and more institutions are bulking up on the stock. We’ve seen that this of course drives price movement.

As doge continues to grow in popularity, so will its price.

Should you buy Dogecoin?

Dogecoin has the potential to be a crazy short-term investment. If you’re looking to make a quick trade then Doge could be for you. Especially with heavily influential people driving the value up with a single tweet.

Dogecoin is a token that can be easy to transact in online communities. If you’re active in communities that accept it then it can be a great currency for tipping content creators you appreciate.

Or, if you want to simply be a part of the Dogecoin movement and have some cryptocurrency in your portfolio, buy it.

How can I keep my cryptocurrency safe?

keep your dogecoin safe with ledger nano cold storage wallet

It is best not to keep your cryptocurrency in your exchange accounts. You can send your cryptocurrency to a cold storage wallet. These are basically USBs with passwords. Ledger is a company known for it’s cold storage wallets.

If you happen to hold a large amount of cryptocurrency, I suggest investing in one of these bad boys for a peace of mind.

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Elon Will Accept Dogecoin as Payment for Tesla Merchandise

Tesla accepts Dogecoin as Payment
Elon Musk – Dogecoin News

Elon Musk just announced Tesla will be accepting Dogecoin cryptocurrency as a form of payment for its merchandise.

You can’t buy a Tesla roadster with Dogecoin yet, but you will be able to purchase the company’s apparel.

The tech titan has been extremely fond of Dogecoin and owns the cryptocurrency asset himself.

What will this mean for Dogecoin and cryptocurrency adoption moving forward?

franknez.com

Welcome to Franknez.com – Dogecoin just gained one of the most influential people on this planet to adopt it for transactions. Here’s a brief discussion of what’s happening right now.

Let’s get started!

Tesla’s Dogecoin news is official

Tesla Dogecoin News

Tesla announced on its website that Dogecoin is the only cryptocurrency they will be accepting.

The company cannot receive or detect any other digital asset.

What cryptocurrency does Tesla accept
Tesla.com/support/dogecoin

The Tesla Dogecoin news is now official.

Elon Musk is getting a lot of praise from the community and other cryptocurrency advocates alike on Twitter.

The Dogecoin news is already being named a highlight for 2022.

I’m curious to know what bears think about the incredibly bullish news not just for Dogecoin, but for the cryptocurrency community as a whole.

Because this ultimately affects the entire crypto space.

Another recent cryptocurrency adopter has been AMC Entertainment, accepting Shiba Inu Coin, Dogecoin, and Bitcoin as form of payment.

But Elon Musk is a massive influence in today’s culture.

Throughout his life, his innovation has changed our world, so the official Tesla news tells us cryptocurrency is truly here to stay.

Here’s what you need to know about Tesla’s Dogecoin policy

Tesla Dogecoin policy

What can you buy from Tesla with Dogecoin?

There will be a number of Dogecoin-eligible products on Tesla’s website with a Dogecoin symbol right next to them.

These items will give you the option to purchase them using Dogecoin cryptocurrency.

To buy something from Tesla using Doge, you’ll need to have a Dogecoin wallet, platform, app, or software that supports Dogecoin transfers.

I personally use a Coinbase wallet.

According to Tesla, the tax amount will already be included in the finalized transaction and additional fees from the Dogecoin network will also apply to your purchase.

Doge transactions will also be irreversible simply due to the nature of how the network works.

You cannot cancel an order if you’re purchasing with the cryptocurrency either.

Once your payment has been successful through the Dogecoin network, Tesla will send you an email confirmation of your purchase.

You can read more about Tesla’s cryptocurrency payment policy here.

Dogecoin spikes after Tesla news

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Doge spiked 11% after Elon tweeted the news.

Will we begin to see a massive Doge price runup very soon?

Leave your thoughts in the comment section of the blog below.

Related: Everything you need to know about Dogecoin crypto

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5 Reasons Why Tesla Stock Is Falling

Why is tesla stock going down?

Woah, what just happened. Tesla was my most valuable stock. It was my most expensive stock at that. The company has lost a third of it’s value in only a matter of a few weeks. Retail investors are wondering what’s going on. Here are 5 reasons why Tesla stock is falling.

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This is the place where you can browse through content on personal finance, business and sales, as well as investing topics. 

#1. Bull Investors Take Tesla Stock Profits

Bull Investors are taking Tesla stock profits

As Tesla stock continues to plunge, bull investors have begun to take profits on the way down.

This makes a lot of sense considering Tesla stock is mainly a stock most investors will trade once it hits high profit margins.

These same investors will then buy the stock again when it is at a bargain to buy. See, Tesla doesn’t pay it’s shareholders any dividends so there’s no loyalty to holding the stock during red days. Or weeks in this case.

Because of this massive selloff, we continue to see a major decline in the stock price.

#2. Tesla Has Real Competitors Now

Ford Motor Company Mach E Tesla Competitor
Ford’s Mach E

Competitors such as NIO and Ford Motor Company have taken lots of attention away from Tesla.

This means new retail investors are looking at a more affordable companies to invest in who also have massive potential in the EV sector.

NIO stock sits at $35.21 while Ford Motor Company sits at $12.65 as of March 8th. With these stocks being much more affordable than Tesla, it’s a more attractive option for new retail investors.

#3. Tesla’s Quality Issues Catch Up

Tesla's quality issues catch up
Tesla has had major quality issues

Our love for Tesla has had many of us actually ignore the fact that these vehicles have many quality issues.

Consumers who had addressed their concerns to dealerships were ultimately told there was nothing they could do about it.

Quality issues have included:

  • Gaps between body panels
  • Misaligned panels
  • Poor paint jobs
  • Chipped glass

Well now the company’s quality issues are catching up and consumers are looking at the shinny new toy, being NIO and Ford.

These quality issues are causing sales to dive as consumers have been exposed to these faults by current Tesla owners.

#4. More Than 135,000 Vehicles Are Recalled

Tesla recalls more than 135,000 vehicles
Tesla recalls more than 135,000 vehicles

Not only are Tesla owners experiencing quality issues, but now the company has recalled more than 135,000 vehicles with media control unit failures.

These failures led to the loss of several safety related features in Tesla vehicles (via. CNBC)

Unfortunately, this is bad press which as we all know deeply influences the movement of the stock market.

#5. Elon Musk on Twitter

Elon Musk on Twitter about Dogecoin
Elon Musk and Dogecoin

If you aren’t aware, Elon Musk has recently figured out that his influence on social media can sky rocket (pun so intended) the price of crypto currency.

However, serious shareholders might not take his enthusiasm so lightly as Doge coin is still primarily seen as a joke to most investors.

While Bitcoin is taking a much more serious approach in the finance world, Elon’s lack of concern for the volatility and participation of Doge has many investors questioning the face of Tesla’s moves.

And again, unfortunately this sort of negative perception isn’t favored by shareholders as it’s mainly perceived as reckless.

Is Tesla A Good Stock To Buy?

Franknez.com

We personally believe Tesla is still a great stock to buy and hold. The company has a lot of potential and even though Elon can be quite silly at times, he’s an innovator and a great leader.

With tech stocks dropping at the moment, retail investors might want to consider getting in while it’s low. Why? Because this stock will eventually skyrocket back up. Only this time it won’t be where we’ve seen it recently, but higher.

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