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Tesla shares and Bitcoin plunged into the red for 2021.

Tesla closed at $603, quietly tumbling 33 percent from last month's high of $900. This drop is beyond the 20% level, which technically defines a bear market.

Bitcoin briefly swung into a bear territory, falling from a peak of $58,000 on Febuary 21st to a low of $44,000 earlier on March 1st.

The consensus is that Tesla is tied to the value of Bitcoin after the electric carmaker invested $1.5 billion earlier this year. This amounts to 10% of Tesla cash holdings.

Ironically, Elon Musk, whose earlier tweets on Dogecoin added fuel to the cryptocurrency rally, tweeted this week that Bitcoin and Ethereum prices "seem high lol".

Disclaimer: The artist owns shares in Tesla. This information enclosed in this NFT Art is intended for general information purposes only and does not constitute an offer to sell or a solicitation of offers to purchase securities, and should not be the basis for an investment decision.