Post
Topic
Board Economics
Re: Are some too blind to see?
by
FanEagle
on 28/04/2021, 10:37:30 UTC
Tesla recorded $101 million dollars as profit from crypto transfers on their balance sheet. That means, these profits were realized from crypto sales, even though Elon Musk tweeted "future hodl" just a few days ago. It's also not really clear if these profits come from bitcoin or also doge sales. It's kinda fishy, but as long as people believe in what Elon does, who cares!
I do see it like kind of "prepared" balance sheet to satisfy all the investors. They need to "escape" from the investors' negative sentiment for their involvement in cryptocurrencies as investments in cryptocurrencies is Elon Musk's personal fantasy and got nothing to be part of an automobile company. So, when they say they are in profits due to that $1.5 Billion crypto investments then no more questions will be raised.

I agree these profits may be from dogecoin manipulation or from bitcoin investments still it is from crypto space and this does not mean that Tesla or Elon Musk will no more involve into crypto space. They may continue as usual but here after Tesla share holders may not blame like before.