Wall Street opens higher; Tesla Bitcoin Buzz helps; Raise 175 Pts by Investing.com

© Reuters.

© Reuters.

By Geoffrey Smith Investing.com – US stock markets opened higher on Monday, but generic stimulus package supporters and falling Covid-19 cases were overshadowed by news that the Tesla ( Elon Musk’s NASDAQ 🙂 had converted $ 1.5 billion of his cash reserves into. The move exposes the electric car maker to fluctuations in an asset whose price is highly volatile and whose usefulness has yet to be proven. However, it also gives the army of enthusiastic retail traders who have supported Tesla’s stock thus far another argument to push them further in the near term. Bitcoin prices rose 13.5% to more than $ 43,400 on the news, a new record, while Tesla shares opened 2.2% higher. At 9:40 AM ET (1440 GMT), the was 178 points, or 0.6%, at 31,326 points, a new all-time high. Up 0.5% and up 0.6%

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