Bitcoin-related Stocks Jumped on Tesla News. Is History Repeating Itself?

Earlier this month, Tesla (NASDAQ: TSLA) revealed in a regulatory filing that it had invested $1.5 billion in Bitcoin (CRYPTO: BTC). The announcement itself caused the cryptocurrency to climb 16% to a new all-time high. This isn't the first time a move by Tesla's enigmatic founder Elon Musk has moved markets.

On this clip from Motley Fool Live recorded on Feb. 8, "The Wrap" host Jason Hall, Fool analyst Auri Hughes, and Fool.com contributor Danny Vena recount other instances when a move or a tweet by Musk has caused an exaggerated reaction.

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Source Fool.com