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Bitcoin burn: is Tesla an ESG stock?

I am, of course, talking about the $1.5bn (£1.08bn) bitcoin investment recently announced by Tesla (US:TSLA). The move by the electric carmaker only furthers the impression that high-profile institutions are slowly pushing and shoving cryptocurrency into the mainstream and, indirectly, into your portfolio.

This latest development brings one major constituent of the main US equity market together with the world’s leading cryptocurrency, and both do seem surprisingly well matched in many respects. Tesla stock and bitcoin have both been notoriously volatile and highly divisive – while also proving extremely lucrative for their investors in the last year.

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