Quote from: ultrloa on Today at 12:40:24 PM

Quote from: Rikafip on Today at 10:07:33 AM

Quote from: NeuroticFish on Today at 10:03:18 AM

There were many saying on twitter that Tesla has bought high and sold low... they've convinced me and I didn't go to check the numbers.
So they were not at loss after all?

Yeah I know that "haha stupid paper hand Elon lost money on Bitcoin" is the narrative on social media, but when you check the prices around the time he bought and sold (which are different from the time that info was released) you see that him selling with loss is unlikely. Or even if he had some loss, it probably wasn't big.

For sure Elon is not stupid as that since he is businessman and successful already by all means so I guess this is just part of their show to make it look that they are not into crypto anymore then see if they can buy back again. Elon does manipulative tactics from the past so maybe this is another round of what they do so hopefully many people will realize that they are not good to follow.

Don't forget that he is a businessman, and he is also the richest man in the world. If he were stupid enough to sell his fortune at a loss, he wouldn't be the richest man on the planet.

Based on price averaging, it can be inferred that Tesla lost money in the most recent bitcoin sale, but we don't have specific data for their bitcoin buy orders so nothing can be confirmed.