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    TSLA   US88160R1014

TESLA, INC.

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Amazon denies report of accepting bitcoin as payment

07/26/2021 | 05:52pm EDT
Amazon app is seen on a smartphone in this illustration

(Reuters) - Amazon.com Inc on Monday denied a media report saying the e-commerce giant was looking to accept bitcoin payments by the end of the year.

The report https://bit.ly/3xb6orM from London's City A.M. newspaper, citing an unnamed "insider", sent the world's biggest cryptocurrency up as much as 14.5% before it trimmed gains to last trade 6% higher at $37,684.04.

"Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true," said a spokesperson from Amazon.

"We remain focused on exploring what this could look like for customers shopping on Amazon."

The company on July 22 posted a job opening for a digital currency and blockchain product lead.

A growing number of companies have started to accept virtual currencies for payment, bringing an asset class shunned by major financial institutions until a few years ago closer to the mainstream.

Last week, Tesla Inc Chief Executive Officer Elon Musk said the electric-car maker will most likely restart accepting bitcoin as payments once it conducts due diligence on the amount of renewable energy used to mine the currency.

(Reporting by Tiyashi Datta in Bengaluru; Editing by Devika Syamnath)


© Reuters 2021
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Analyst Recommendations on TESLA, INC.
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Financials (USD)
Sales 2021 50 327 M - -
Net income 2021 3 967 M - -
Net cash 2021 8 274 M - -
P/E ratio 2021 208x
Yield 2021 -
Capitalization 748 B 748 B -
EV / Sales 2021 14,7x
EV / Sales 2022 10,8x
Nbr of Employees 70 757
Free-Float 81,0%
Chart TESLA, INC.
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Tesla, Inc. Technical Analysis Chart | TSLA | US88160R1014 | MarketScreener
Technical analysis trends TESLA, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 33
Last Close Price 755,83 $
Average target price 686,09 $
Spread / Average Target -9,23%
EPS Revisions
Managers and Directors
Elon Reeve Musk Technoking of Tesla
Zachary J. Kirkhorn Master of Coin
Robyn M. Denholm Chairman
Ira M. Ehrenpreis Independent Director
Antonio Jose Gracias Independent Director
Sector and Competitors
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NIKOLA CORPORATION-36.04%3 915
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