16+ Years of Tech Mastery Transforming Ideas into Market Ready Platforms | Discover More Trusted by 1000+ Startups & Enterprises Across 30+ Countries | Discover More
16+ Years of Tech Mastery Transforming Ideas into Market Ready Platforms | Discover More Trusted by 1000+ Startups & Enterprises Across 30+ Countries | Discover More
16+ Years of Tech Mastery Transforming Ideas into Market Ready Platforms | Discover More Trusted by 1000+ Startups & Enterprises Across 30+ Countries | Discover More
May 17, 2021

Bitcoin Collapsing Elon Musk Recommends Tesla Might Discarded Crypto Stocks

Consult Our Experts

Elon Musk, CEO of Tesla inferred in Twitter exchange Sunday afternoon the electric vehicle developer trade or sell the rest of bitcoin stocks, sending the cryptocurrency values down. 

Best Food App Development Company

Bitcoin’s value collapsed following those comments, selling at $42,241.44 on Monday, according to the Coin Metrics data. CryptoWhale as a Twitter user said, “Bitcoiners will slap themselves on the upcoming quarter while they got Tesla scrapped the rest stocks.” 

A promising sale launches just a few days after Musk said the organization schemed to hold rather selling the bitcoin and indeed to use it for transactions ASAP mining transactions to viable energy. Tesla did not instantly reply to a comment request. 

Elon Musk is a huge number of cryptocurrencies supporter, helping the digital coins rally prices including Bitcoin, numerous times in the last year. In February, in an SEC filing, Tesla disclosed that it bought a $1.5 billion bitcoin price. The organization later said it recorded $101 million a net gain from bitcoin sales during this quarter, supporting boosting its net profits to register high in its first quarter. 

However, Musk is looking to get back course in the latest weeks in favor of Dogecoin, in the meme-inspired cryptocurrency. In the last week, Tesla also suspended purchases of vehicles by using bitcoin, out of concern over continuously enhancing usage of fossil bitcoin mining fuels. Bitcoin price dropped nearly 5% in the very first minutes of Musk’s declaration. 

Musk has continuously hit back on Twitter against those users who are critical of their stance on cryptocurrencies. Fred Wilson, an influential venture investor, and a founding partner of the Union Square venture tweeted on Friday that Musk is playing games. It is quite tough to get anyone who does it seriously. Wilson has lost immense respect for Musk over the previous year because of it.    

Best Travel App Development Company

Hire Our Development Experts.

    About Author


    Vinay Kumar is the brilliant mind behind the technology at Fluper, serving as the Chief Technology Officer. With a wealth of experience in software development and a passion for leveraging the latest technologies, Vinay drives the technical vision of Fluper's projects. His expertise in creating scalable and robust solutions ensures Fluper delivers best-in-class products exceeding client expectations.

    Vinay Kumar

    Our Blogs & Tech Events

    Expanding Expertise via Global Mobile & Technology Conference Participation

    We attend leading mobile technology events worldwide, exploring innovations, networking with experts, and showcasing our development expertise.

    How Much Does It Cost To Develop An App In Abu Dhabi?

    Mobile apps are vital for businesses in Abu Dhabi, helping customers shop, book services, pay, and connect easily via smartphones.

    • February 16, 2026
    • By : Fluper Team

    Airbnb Clone App Development: Features, Cost & Tech Stack

    The vacation rental business in the global world has transformed the way people travel, invest and earn.

    • February 20, 2026
    • By : Fluper Team

    How to Build a Video Chat App Like Chamet in 2026

    The live video chat industry is not slowing down. In reality, it is growing faster
    than ever.

    • February 27, 2026
    • By : Fluper Team

    What Makes Fluper Different?

    Fluper is not an idea but an initiative to bring transformation aided by technology
    Learning with a team of seasoned experts and agile thinkers is a real-life experience.

    16+ Years

    of IT Exposure

    Fast Growth

    50+

    Industries Served

    • 24*7

    • Support &
      Maintenance

    Guaranteed Project
    Delivery – On Time,
    On Budget, Every Time.

    contact us

    Reach Worldwide

    15 Million+

    User Enagagement

    Client's Testimonial

    We’ve been lucky to collaborate and deliver transformation
    with a long list of overseas clients.

    We partnered with Fluper to upgrade the Talabat app, and the experience was excellent. Their team delivered strong technical expertise, clear communication, and timely execution. The updated app is faster, more stable, and provides a smoother user experience, boosting engagement and performance. Fluper is a reliable partner for digital growth.

    Saeed Ahmad
    Product & Delivery Ops, Talabat

    Hello to all my lovely friends and the Fluper family. Wishing you a very happy anniversary! From the bottom of my heart, I wish you great success and a bright future ahead. It’s been a wonderful experience working with you and being treated like family. Keep up the amazing work. Congratulations once again! Your loyal customer.

    Mohammed Zainab
    Co- Founder, Foodora

    We got in touch with Fluper to build an app for my taxi project. It was really tough to choose a perfect partner for my app; however, I found Fluper the best choice. From project coordinators to developers, everyone was so supportive. The team has even gave me a lot of feedback to improvise my idea. It was really great working with them.

    Anthony Tan
    Owner at Grab Taxi App

    We connected with Fluper to design an app for Dubizzle, and choosing them proved to be a great decision. Their team demonstrated strong expertise, creativity, and professionalism throughout the process. They helped elevate our business to the next level with a well-designed, user-friendly app that perfectly matched our vision and goals.

    Maria smith
    Sales Marketing Manager at dubizzle
    Launch your Million Dollar Business Idea Into a Successful Growth Story.
    • Free Marketing

    • 2.5 Year Post Launch Assistance

    • Money Back Guarantee

    • Real-Time tracking & Support

    Schedule Call

    Our Global Presence

    500+

    Startups

    300+

    SMEs

    200+

    Enterprises

    We Built

    1000+

    Brands Globally

    30+

    Countries Served

    Office Address

    C- 19, 2nd Floor, Sector 63, Noida, Uttar Pradesh 201301

    Call Fluper

    IND: +91-959-955-1432

    Drop An Email

    [email protected]

    Whatsapp Fluper

    Global +91-9599551432

    Office Address

    104 Yes Business Tower, Al Barsha 1 Dubai

    Call Fluper

    UAE: +971-54-700-4175

    Drop An Email

    [email protected]

    Whatsapp Fluper

    Global +971-54-700-4175

    Office Address

    Building 1913 2nd Floor, Manama, Bahrain

    Drop An Email

    [email protected]

    Call Fluper

    Bahrain: +973-33397992

    Whatsapp Fluper

    Global +973-33397992

    Office Address

    Level 23, Collins Square Tower Five, 727 Collins Street Postcode VIC 3008 Melbourne Oceania Australia

    Call Fluper

    Australia: +61-48-8876-434

    Drop An Email

    [email protected]

    Whatsapp Fluper

    Global +971-54-700-4175

    Office Address

    120 High Road, East Finchley London, N29ED, Uk

    Call Fluper

    UK: +44-758-872-1360

    Drop An Email

    [email protected]

    Whatsapp Fluper

    Global +971-54-700-4175

    Office Address

    Laneoffice Suite Sarasota florida US.

    Call Fluper

    US: +1 (478) 280-2868

    Drop An Email

    [email protected]

    Whatsapp Fluper

    Global +971-54-700-4175

    Let's Talk!