~Snipped
So, the question is, did tesla make market manipulation and you think the company will be charged for it?
Even though Tesla would deny it, they actively participated and manipulated the market. Tesla is one of the last few companies that have invested in bitcoin yet they were one of the first to take out a huge junk of their investments shortly after they saw it appreciate enough for them to take profits. They are free to buy and sell their holdings at any time time but I feel the way they went about it was wrong. How did they do it?
- Buy bitcoin - newbies join them to buy the top due to fomo.
- Make profits and sell Bitcoin while creating panics amongst those newbies.
- Buy back those bitcoins at $47K during the last correction.
I used to think Elon Musk was against shortsellimg an asset until tesla pulled one off.