Post
Topic
Board Speculation
Re: Effect of Tesla bitcoin sale not significant
by
Wilhelm
on 24/07/2022, 22:40:53 UTC
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.

I agree with this because it really has a basis.

In fact, some news has indicated that Tesla has an average buy at $29k but I doubt this is the price Tesla bought back after the big sale in May 2021.  Although the difference may not seem like much, I think Elon is not an unreliable person and he certainly does not want to hold that huge pressure.
Wondering why they sell at a big loss and yet Elon is claiming that they have a diamond hands. We should really not to rely on any statements from Elon because he is trying to Manipulate the market again. There’s a huge effect  of this action since we are talking about big money here and probably this is one of the reason why we are still down today. Big investors like Tesla is a big loss but then again, someone will just catch those falling knives to hold longer and play wisely.

I heard that it could have to do with ESG regulatory compliance. Aka a transparent risk management framework.
He might have been forced to sell to lower the risk...