Bitcoin outperforms Tesla stock for the first time since 2019
Bitcoin price is outperforming Tesla stock for the first time since 2019, though the EV giant still maintains a sizeable BTC stash.
Bitcoin’s (BTC) price has finally outperformed Tesla’s (TSLA) stock over the past five years in percentage terms. The electronic vehicle manufacturer has also missed out on a potential $1.27 billion in profit after selling a big chunk of its BTC holdings in 2022.
Over the past five years, Bitcoin’s price has risen over 1,180%, while Tesla’s stock price has risen over 806%, according to TradingView data.
Looking at smaller time horizons, Bitcoin’s returns have outperformed TSLA over the past year, in particular. Bitcoin rose 139% while Tesla fell over 11% over the past 12 months, while year-to-date BTC is up 49% while Tesla’s stock price is down 42%.
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