Tesla stock’s drop likely related to bitcoin bet By: MarketWatch February 23, 2021 at 13:03 PM EST As Tesla Inc. stock enters a bear market, some analysts are pinning that slide to the Silicon Valley electric-car maker's bitcoin bet. Read More >> Related Stocks: Bitcoin (Bitstamp) Bitcoin Composite Li Auto Inc ADR Nikola Corp Nio Inc ADR SPX Tesla, Inc. Xpeng Inc ADR