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TSLA - Tesla Motors


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TSLA - Tesla Motors

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  #301 (permalink)
 SMCJB 
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Big Mike View Post
You disagree about the Tesla 1.5 billion investment into Bitcoin?

I disagree that it was an investment (its rampant speculation) or that it was a smart thing. Tesla is company that loses money making cars, and only makes money by selling regulatory credits. They've flirted with insolvency several times in the last few years. Thankfully by some manipulation by their CEO (eg "Am thinking of taking Tesla private at $420, Funding secured" etc) and due to some additional funding at sky high prices due to a continued squeeze, they now sit on a pile of cash. Speculating that on Bitcoin is not where I think their focus should be. Where's the governance?


Big Mike View Post

Now that is very interesting. $33k is basically year end. If you remember Bitcoin started going crazy right at Christimas. If they averaged $33k they must have started buying before that. Wonder if they were the driving force behind the Xmas/New Year move. Wonder if their Q4 earnings were effected by it in anyway?

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  #302 (permalink)
 Keen4Snow 
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NY Post:

Reddit user says post on $800M Tesla bitcoin buy was a hoax and he was on LSD when he did it

https://nypost.com/2021/02/09/reddit-user-says-post-on-800m-tesla-bitcoin-buy-was-a-hoax/

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  #303 (permalink)
 SMCJB 
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Big Mike View Post
Elon really needs to knock it off with all the Dogecoin bullshit. People are losing a lot of money not realizing Doge is a meme joke.

But the Bitcoin investment by Tesla, however, is quite a smart thing. Along with accepting Bitcoin crypto for payment.


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  #304 (permalink)
 sam028 
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This is the first think I though when I saw the news. What's going on???
Producing BTC is disastrous on an environmental point of view, it's main real usage is to pay ransom to pirates who froze hospitals IT services, and it's using computing power which could be more useful somewhere else.
On an ethical point of view this thing is a disaster. At some point people will figure it out, hopefully.
Just like I never trade tobacco stocks I'll stay far away from trading BTC .


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