- Bitcoin has outstripped Tesla by 52%.
- Among FAANG tech stocks, only Netflix (at 37%) has outperformed Bitcoin since the beginning of 2019.
Bitcoin(BTC) has outperformed Tesla (TSLA) against the US Dollar since the beginning of 2019 by a staggering 52%. Bitcoin is up 30% since the start of the year while TSLA’s stock has dropped to 14.9% within the same period. Bitcoin has recorded six consecutive weekly gains while Tesla’s stock has been declining for three straight months due to the poor delivery figures from its Model 3 cars.
David Tamberrino of Goldman Sachs told CNBC:
“Altogether, we think the delivery results will put pressure on TSLA’s shares, and corroborates our belief that volume expectations for the company’s products in 2019 are too high with consumer demand likely lower as subsidies phase out in the US.”
Bitcoin has outperformed the DOW, NASDAQ, and S&P 500 almost every year over the last decade. Among FAANG tech stocks, only Netflix (at 37%) has outperformed Bitcoin since the beginning of 2019.
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