The Tesla token is a digital asset that represents ownership in Tesla Inc. It is an innovative approach to democratizing access to Tesla's stock, allowing investors to gain exposure to the company's performance without actually owning the underlying shares. 

This concept of tokenizing real-world assets has gained traction in recent years, providing a new way for individuals to invest in traditional assets through blockchain technology. 

## What is a tokenized stock? 

A tokenized stock is a digital representation of a share of a company issued on a [blockchain](/news/tag/blockchain-tag) platform. A tokenized stock is backed by the actual share held by a licensed custodian. It can be traded on DEX (decentralized exchanges). A tokenized stock gives the investor the same economic benefits as owning the share, such as dividends and voting rights. One of the most popular tokenized stocks is the Tesla token. 

## What is a Tesla token? 

[Tessla token ](https://www.coinbase.com/price/tessla-coin)is a cryptocurrency owned by Tesla, the company founded by Elon Musk. The token, designated as TSLA, is designed to reward Tesla customers, investors, and fans for their loyalty and support. It is issued by Binance. Binance users can buy and sell Tesla tokens using Binance USD (BUSD), a [stablecoin](/news/tag/stablecoin) pegged to the US dollar. Each token represents one share of Tesla stock. It is backed by a depository portfolio of underlying securities held by CM-Equity AG. 

## Potential benefits of the Tesla tokens 

This tokenized Tesla stock offers several potential benefits for investors and Tesla enthusiasts alike. The token provides an opportunity for individuals to invest in Tesla without having to purchase whole shares of the company. 

As for Tesla investors and customers, the token can be used for the purchase of [Tesla](/news/tag/tesla) products and services, such as vehicles, solar panels, batteries, and charging stations. The token can also be used to access exclusive perks and discounts, such as priority delivery, free maintenance, and invitations to special events. 

## How to invest in Tesla tokens 

To invest in Tesla tokens, an investor must have a digital wallet supporting the blockchain platform that issues the token. For example, Binance offers tokenized stocks of Tesla and other companies on its Binance Smart Chain platform. 

To buy Tesla tokens on Binance, an investor needs to have a Binance account and a Binance Chain wallet. 

The process is similar to buying any other cryptocurrency on Binance: 

- Deposit funds to the Binance account, either in fiat currency or cryptocurrency. 

- Convert the funds to Binance USD (BUSD), a stablecoin pegged to the US dollar. 

- Transfer BUSD to the Binance Chain wallet. 

- Use BUSD to buy Tesla tokens on the Binance platform. 

The investor can then hold, sell, or trade the token as they wish, subject to the terms and conditions of Binance and the relevant regulations. 

## Potential risks of investing in Tesla token 

Investing in Tesla tokens has some risks that investors should be aware of before making a decision. Some of the risks include: 

- Regulatory uncertainty: Tokenized stocks such as Tesla tokens are a relatively new and unregulated phenomenon, and different jurisdictions may have different rules and requirements. Investors should do their research and consult legal and tax advisors before investing in Tesla tokens. 

- Market risk: Investing in Tesla tokens exposes investors to the same market risk as investing in traditional Tesla stocks. The price of Tesla tokens may fluctuate due to factors such as supply and demand, company performance, industry trends, macroeconomic events, etc. 

## Final thoughts 

Tesla token is an exciting new way to invest in one of the most influential companies in the world. It offers several benefits, including investment opportunities and alternative options for buying Tesla products and services. 

However, it also comes with some risks, such as regulatory uncertainty, platform risk, and market risk. Investors should weigh these factors carefully before investing in the tokenized stock. 

Tesla Token: A Quick Look

Tesla boss, Elon Musk has a history of engaging in keyboard wars on social media outlet Twitter with many notable names but one of the most infamous is his ongoing spat with Bill Gates.

It all supposedly kicked off in July 2020, the CEO of Microsoft suggested on CNBC's Squawk Box that Musk should reduce the number of controversial vaccination comments he makes and instead concentrate on developing electric cars and rockets.

Earlier this year in a tweet published, Elon Musk accused the billionaire co-founder of Microsoft, Bill Gates of placing bets up to half a billion dollars that the Tesla stock price would decline.

[According to reports](https://fortune.com/2022/05/05/bill-gates-elon-musk-tesla-short-climate-change/), In a text exchange Elon Musk sent Bill Gates the following message, "Sorry, I cannot take your altruism on climate change seriously when you have a big short position against Tesla, the company doing the most to tackle climate change."

Bill Gates responded to Elon Musk by stating that shorting Tesla does not entail betting against the future of the environment or the electric automobiles industry. 

Gates says shorting Tesla is just one of his many investments

[In an interview with the BBC](https://www.bbc.com/news/technology-61329167), Gates stated that his wager against Tesla has nothing to do with his advocacy for environmentally friendly initiatives and policies at the government level. 

"Climate change has absolutely nothing to do with it. I have various avenues for diversification", he stated in the interview. 

The growing market share of electric vehicles will inevitably give rise to increased levels of market competitiveness. There is a distinction between consumers adopting electric cars and businesses reaching their maximum potential value.

In an interview with French Youtuber Hugo Décrypte, Bill Gates mentioned he has invested a significant amount in sustainable finance to support companies that solve environmental and social issues.

"I give a lot more to climate change than Elon or anyone else," Gates said. "I give a lot of philanthropic dollars, I back companies - you know electric cars are about 16% of emissions, so we also need to solve that other 84%."

It is worth noting that Bill Gates plans to [donate virtually all of his wealth to the Bill and Malinda Gates foundation](https://www.theguardian.com/us-news/2022/jul/15/bill-gates-billions-fotune-donate-foundation), a non-profit dedicated to fighting poverty, disease and inequity around the world. 

Both men have contributed towards creating revolutionary technologies that have made the world a better place. This just show no matter how smart or successful people may be, personalities will always clash.


Bill Gates Tesla price warning annoys Elon Musk

According to Tesla's newest Q2 financial statement, Bitcoin was one of the essential items that impacted the operating income.

As per the official data, the operating income improved year-to-year to $2.5 billion in the second quarter, resulting in a 14.6% operating margin.

"As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency," Tesla's statement said, adding: "Conversions in Q2 added $936M of cash to our balance sheet."

However, during the regular quarterly investor call, the company's CEO, Elon Musk, revealed that even though Tesla holds Dogecoin as well, it didn't convert any of that into fiat.

 "We still have it," Musk claimed.

Just a month before, speaking at the Qatar Economic Forum in Doha, Musk confirmed he supports Dogecoin, reiterating that Tesla accepts the currency as payment for its products. He also announced that his company SpaceX intends to do the same.

Musk says he intends to 'personally support' Dogecoin in response to the many people who are not wealthy and have encouraged him to buy and support DOGE.

## Tesla’s Musk – Bitcoin and Dogecoin advocate

Back before, Musk was [pretty vocal](/news/article/elon-musk-bitcoin) about owning Dogecoin. However, he never confirmed that Tesla or SpaceX have it in their portfolios. It is not known whether the assets left in crypto are remaining Bitcoin or, perhaps, Dogecoin.

If we try to calculate how much Bitcoin Tesla has left, we should look at the sheet where it says the company owned 42,000 Bitcoin heading into the second quarter.

After the company sold 75%, there should be 10,500 at the quarter's end. We can only presume that the snapshot was taken somewhere at the end of June when fiscal Q2 ended. At the time, 1 Bitcoin was worth somewhere between $18,750 and $20,300. This could mean that there are 10,500 coins, of which $197 to $213 million are Bitcoin.

Musk has been a crypto advocate for years and was pretty influential in market moves. In 2021 he helped Bitcoin jump after admitting Tesla bought some for its corporate vault.


Tesla Bitcoin Sale Confirmed by Elon Musk

Could you spend Elon Musk's money if you had it? And what would you spend it on?

For some, well, not all; it's no news that Elon is known for making bold investments in various industries, like automobiles, crypto, space exploration, etc.

Considering how wealthy he has been over the last decades, this is no surprise - earning a massive amount of money off his investments and being the world's richest man with well over $200 billion in net worth.

Elon holds a significant interest in three important companies; Tesla, SpaceX, and Twitter. The business magnate spent a whopping $2.89 billion purchasing a 9.2% stake in Twitter, which, in turn, made him the company's largest shareholder.

Elon is known for bold purchases and wise investments, and Twitter shares surged about 27% right after the purchase.
 
## Elon Musk's Best Investments To Date

Over time, Musk has invested in Tesla, PayPal, SpaceX, and DeepMind Technologies, which became successful companies.

### Tesla

Even though he wasn't a founding member of Tesla, he was among those who led an early round of financing the company back in 2004. And in 2008, he became the CEO of the company. Today Tesla is a significant EV manufacturer and the largest EV company by sales and market share.
PayPal
 
Musk founded X.com with others and that ended up being PayPal in 2001. When the owners sold PayPal to eBay in 2002, Musk, who with an 11.7% stake was the company's largest shareholder, received more than $150 million.
 
### SpaceX
 
In 2002, Elon founded SpaceX with a mission to innovate on space technology and a primary aim of taking humans to Mars. Pretty lofty goals, right? Since its inception, Elon has helped the company take on significant space projects; in 2021, NASA awarded SpaceX a contract to haul astronauts to the lunar orbit of the moon's surface in its Starship vehicles. 

## How Would You Spend Elon Musk Money
 
Considering how wealthy Elon is, being the richest man on Earth, you must have thought: 'How would I spend Elon Musk's money?'. Here are some ideas:

## Buy Bitcoin in Large Amounts
 
If you're keen on investing like Elon or just looking for ways to spend your money reasonably, you can purchase and hold Bitcoin in large amounts. Yes, it's a wise decision; in the past and present times, famous business magnates have evangelized the importance of owning Bitcoin. 

Why? Because it might just be the next big thing in finance, if it isn't already.
 
## Start or Invest in a Company You Love
 
Everyone is passionate about something. If that's you, then spending money on starting a company of your liking isn't such a bad idea. It's easier said than done, but what are the odds of losing if you try? You get to do what you love and start something you're passionate about that could lead to something big.

## Final Thoughts

Suppose you have well over a billion dollars. In that case, you can invest in companies, companies that you love their products oh so much, and, more so, companies that have the potential to innovate or change an industry constantly over time.

Do you love Apple products or Tesla cars? Investing in Tesla and Apple is a perfect way to spend your money wisely without worrying over significant losses.


 
 
 
 
 
 
 



Spend Elon Musk Money? How Would You Spend Billions?

Where did Elongate crypto come from? If you use Twitter often, you will notice that meme coins gained a rise in public attention, which gave rise to more meme coins coming out.

## The cause: Elon Musk and his love for Dogecoin.

The [Tesla](https://www.tesla.com/) and [SpaceX](https://www.spacex.com/) billionaire frequently shared his thoughts, memes, and use cases for [Dogecoin](/coins/doge) and the Shiba Inu coin. This allowed the billionaire to elevate meme coins to more than just internet and crypto jokes, telling the world that they can be used for purchasing really valuable things, like a Tesla.

Now, Elon Musk's service to the crypto and meme coin community inspired a certain Lorenzo Andree to startup the Elongate coin with a group of others, following a tweet the Tesla founder made in March 2021.

The rest, as they say, is history. Elongate has long moved on into being a project with a purpose; aiming to fight world hunger and climate change, which frankly is an incredibly idealistic approach to giving a crypto project relevance, especially when you place it in comparison with the likes of Bonfire [attach link to the Bonfire article here].

Since launching in March of 2021, it has donated more than 60% of its periodic profits to charitable causes, all of which are voted on by the decentralised autonomous community.

Even without much poking into the mode of operations for Elongate, one can tell that the coin has found great use cases. It has slowly become a model figure for successful meme coins in the crypto community.

Powered by the Binance Smart Chain, it makes a profit on its coin by taking a percentage of transactions carried out as fees, using it to reward holders, storing 60% of it, and then voting on what charitable causes get to enjoy the goodwill of crypto people.

This has made individuals who trade the coin feel a sense of attachment, knowing that the cost of doing business with that coin is going into a charitable cause somewhere in the world.

With more than 400,000 holders, even though the coin is worth a fraction of a cent, we see there is tremendous potential.

If you take a look at this prediction by Digitalcoin and place it side by side with the work they are doing plus the way they operate and the blockchain they are built on, you will see that in the nearest decade, it could be one of the most valuable coins around in the crypto market.

While many may be skeptical about its inception, growth, current market value, and future, it is worth noting that nothing is really ever a joke when a purpose is given to it in the crypto space. Citing the initial example of Dogecoins and Tesla's, one can begin to see possibilities in how crypto can not just be a part of our lives outside the internet, but also significantly impact it.


Elongate Crypto: When a Meme's Not a Joke

There are many influencers within the crypto space. Some use their followers for personal gain and some are more reliable. None are bigger and have more impact than that of Elon Musk. It should come as no surprise as [Elon Musk's Twitter](https://twitter.com/elonmusk) account has amassed a staggering 81 million followers.

Along with promoting his businesses, such as Tesla, SpaceX, and The Boring Company, Elon Musk Twitter also occasionally comments on the happenings within the crypto community. In April of last year, Elon's Twitter saw many tweets coming from the man himself promoting and posting memes about a meme coin called [Doge](/coins/doge). This activity from Mr. Musk's Twitter brought much awareness to the coin. Its value went from 5 cents per coin to an incredible 73 cents over the span of only a month. 

## Elon Musk and Dogecoin

At the time of writing, the top holder has an enormous 22.59% of the entire supply of Dogecoin. This information produces some unanswerable questions. Is the top holder Elon Musk and is he promoting the coin for the love of crypto and memes, or is it to make a financial gain off the back of his followers?

Dogecoin is not the only crypto Elon has talked about on his Twitter. He's also spoken dozens of times about Bitcoin, the mother of all crypto coins. At one point, Musk was accepting crypto as payment for his electric automobile company Tesla, so it makes sense why he would often talk about crypto. Like many other people, he wants more people to buy into it to increase the value per coin.

## Musk, McDonald's & the Crypto Community

Elon Musk's Twitter is such a staple within the crypto community that when Elon Tweets something, whatever words he uses in the Tweet get turned into a crypto coin, occasionally amassing up to millions of dollars’ worth in market cap. Until recently, Elon's Twitter was the only account people would create coins based on Tweets. This changed on January 25, 2022, when Elon tweeted at McDonald's, saying: 'I will eat a Happy Meal on TV if @McDonalds accepts Dogecoin.' This provoked McDonald's into replying with 'only if @tesla accepts grimacecoin'. 

Grimace coincides with Ronald McDonald within the McDonald's universe. He was first introduced in a TV commercial back in 1972. This crossover of Elon, McDonald's, and the crypto community saw many new tokens created that night called Grimace Coin. Only one survived the night and continued to make a run up to $12 million in market cap over the next four days.
 
Elon Musk's Twitter is now firmly set in stone to be a staple of the crypto community. It would take a major event to reduce his impact to nothing. Whether it's a good or bad thing that he has this much impact, we can all agree that it is very intriguing to see what will come from his Twitter antics next.


How Elon Musk’s Twitter Account is So Influential

2022 has started out with a noticeable lack of love for cryptocurrency investors, but the standing consensus among the cryptocurrency Brain Trust is that digital assets _will_ continue to draw new investment dollars this year, despite having to weather the current volatility.

Halfway through January, and already there are some newsworthy events to suggest that 2022 will be another wild ride.

## Wal-Mart Files Paperwork Signaling Expansion into Crypto and NFTs

The world’s second largest retailer (behind Amazon) has apparently seen enough, and now mega-force, Wal-Mart, wants in on the crypto-craze after watching how remarkably well digital assets performed in 2021.  Wal-Mart has already [submitted formal applications](https://tsdr.uspto.gov/#caseNumber=97197301&caseType=SERIAL_NO&searchType=statusSearch) with the US Patent office for selling virtual goods, and another filing suggests that the retailer wants to begin offering Non-fungible Tokens (NFTs) as well. 

NFTs are perhaps the biggest juggernauts to come out of the digital assets market in 2021.  While an NFT isn’t entirely the same as a cryptocurrency, they share many characteristics.  The key distinction is that NFTs are _non-fungible_ tokens, whereas cryptocurrencies are.  Fungible simply means “tradeable.” 

Based on a review of the patent office filings, Wal-Mart has been putting an extensive amount of time and considerable resources into preparing for their inevitable expansion into the digital assets market.

They’re not alone.  Given the growing popularity of the metaverse, and since Facebook announced a rebranding to “[Meta](/news/article/facebook-metaverse-nft/),” signaling their intention to expand into the metaverse, there has been a “gold rush” of sorts among many major brands to adopt their own forms of crypto-currencies, NFTs, or both.

## Tesla CEO, Elon Musk, Pumps Dogecoin with (another) Tweet

Is it a move to pump the market?  Who’s to know for sure, but after weeks of suggesting the possibility, Tesla’s celebrity CEO, Elon Musk, officially announced that the all-electric car maker would begin accepting the cryptocurrency [Dogecoin](/coins/doge) for Tesla branded merchandise.  The announcement was made [via Musk’s Twitter account](https://twitter.com/elonmusk/status/1481873421390680065) on Jan. 14th.

It’s been a remarkable journey for the cryptocurrency that was originally launched as a mockery.  Most crypto enthusiasts know well enough by now that favourable news like this can be announced for the sole purpose of _pumping_ the value of digital assets like Dogecoin.  In this case, the Tesla CEO’s Twitter announcement sent Dogecoin skyward, but only momentarily.  Dogecoin shot up from .17 cents per coin up to .20, but then fell back to pre-announcement levels within 72 hours.

## Arkansas offering Bitcoin and a Bicycle to Young Tech Talent

If living in the US ever had any appeal, then the state of Arkansas might be worth checking out.  In addition to being the only state in America with [an active diamond mine](https://www.thetravel.com/finding-a-diamond-at-crater-of-diamonds/) that the public can visit, the [Northwest Arkansas Council (NAC)](https://nwacouncil.org/), in collaboration with the southern state’s major employers, is offering remote employees an incentive that includes $10,000 in bitcoin…_if_ you’re willing to relocate to the state.

Thousands of prospects have already submitted their interest.  Conditions are that you must be 24 years old and have at least two years of work experience.  The only ostensible catch is you need to “set up shop” within six months of being accepted and willing to sign a one-year lease or buy a home in the Arkansas area.

“This move was designed to attract more participants in blockchain technologies to help build up the region’s tech economy," says NAC Communications Director, Nate Green.

Wal-Mart, Tesla Lead Early 2022 Crypto Headlines

Tesla CEO, Elon Musk, recently asked his Twitter followers whether or not he should sell 10% of his stocks shares in the company.

Tesla became the first car company in the market to be worth more than $1 trillion in the past year. This may be a good opportunity for investors with potentially high returns, as the company has shown previously.

## Musk Has $3.6 billion in Shares

Tesla shares are now around $363.54, meaning Musk's shares in the company are worth something in the ballpark of $3.6 billion. When you compare that to his net worth outside of Tesla it seems like nothing. He is currently estimated to be worth over $20 billion (via [Bloomberg](https://www.bloomberg.com/europe)).

Musk ran a poll on Twitter that gave people the chance to vote for their decision. He tweeted: **"Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock. Do you support this?"**

The results showed that 57.9% voted yes- he should sell 10% of his Tesla stock. In total, around 3.5 million followers voted.



Will Elon Musk Sell £21bn of Tesla Stocks?

Electric car-maker [Tesla](https://www.tesla.com/en_GB/) yesterday reported record revenue and profits for the third quarter of the year.

However, Tesla's accounts also record a $51 million impairment charge relating to its bitcoin investment.

The company, led by CEO Elon Musk, reported no new purchases or sales of digital assets in its Q3 accounts, just like in Q2. However, under accounting rules for digital assets a company must record an impairment charge if the value of an asset it holds falls during the quarter it is reporting on. Any increase in value is not reported as a gain on the accounts.

## Tesla Purchased 41.5 billion Bitcoin

It is reported that because Tesla holds crypto as an 'indefinite-lived intangible asset' the company is required by accountancy rules to record the value of bitcoin at the time of purchase. If the BTC value falls well below the price at the time of purchase, Tesla must write down the value of its holdings as an impairment charge. 

It was announced in February that Tesla had purchases $1.5 billion-worth of bitcoin and sales of around 10% of that holding saw Tesla's balance sheet later boosted by some $272 million.

Plans to allow the purchase of Tesla vehicles with bitcoin were suspended in May, amid apparent concerns about the environmental impact of the cryptocurrency. However, over the summer, Musk stated that the plan could 'likely' be resurrected if ecological concerns were addressed.

More [Bitcoin news](/news/category/bitcoin-news).

Tesla Records $51m Bitcoin Impairment Charge

It looks like Elon Musk has done it again. A seemingly innocuous three-word tweet from the Tesla and SpaceX founder saw a spike in the value of little-known Floki.

Musk simply shared a picture of his new Shiba [Inu](/news/article/akita-inu-coin) puppy with the caption “Floki has arrived”. Sweet sentiment, but the tweet went viral and spikes in the value of cryptocurrency with similar names were soon recorded.

The biggest winner was Shiba Floki which saw a 958.09% surge within one day of the tweet, according to reports.

## Floki Token Increase

Floki Inu witnesses increases in excess of 59% in a 24-hour period. Others, including Floki Shiba and Super Floki, also saw value rises.

It is not the first time a tweet from Musk has apparently impacted on markets; comments around Dogecoin and Bitcoin have seen values change.

Dogecoin prices also seemed to be affected by the Floki tweet. Perhaps this is unsurprising as the tweet featured a picture of a Shiba Inu dog. Dogecoin gained by 0.36% following the latest post from Musk, while Baby Doge Coin saw a 24-hour surge of 45.3%

## Shiba Inu Rises

Previous tweets from Musk have had a similar impact on Floki-related cryptocurrencies. Last month, when he said he would name his new pet Floki, Shiba Inu saw a 16% price rise.



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