Will Tesla Lose Big On Bitcoin?

2021 energy May 30, 2021

Published by Anthony Di Pizio

In January this year, Tesla announced it had acquired $1.5 billion worth of Bitcoin. In the very same quarter, it disposed of a portion of that holding, which accounted for over 27% of the company's total net income for the period. The saga drew mountains of criticism, mainly around the volatile cryptocurrency's potential impact on Tesla's earnings. As an early stage manufacturer that still struggles to make money selling cars, investors are rightly concerned about disruption to the company's financial stability. 

Elon Musk recently expressed concerns about Bitcoin's carbon footprint, telling the public that Tesla would no longer be accepting it from customers as payment. Mining the cryptocurrency is estimated to generate almost 37 megatons of carbon each year, which is more than some entire countries. Musk has since tried to spark a movement towards 'clean' Bitcoin mining, at which time Tesla could reconsider its utility as a medium...

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Natural Gas Set To Rise Through 2022

energy Sep 01, 2020

Published by Anthony Di Pizio

How can you profit from this information? View our top stock pick for this sector!

The Pandemic and The Recovery

The COVID-19 pandemic caused widespread global disruption to economies across the globe and the energy industry was not exempt. Prices were erratic, bankruptcies spiked, projects were thrown offline and demand suffered a contraction as entire populations ground to a halt. 

As a result, NatGas prices fell to record lows in the $1.40's/MMBtu (British Thermal Units) which was an acceleration of a cyclical price decline that was already in motion. Combined with uncertainty about the future, this was enough to see many major projects shelved or delayed, for example Australia's largest untapped conventional gas resource Browse, in Western Australia. 

The US Energy Information Administration (EIA) expects prices to rise into the American and European winters of this year, and continue firming in 2021 as a result of reduced production...

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