Quote from: Wilhelm on July 24, 2022, 10:40:53 PM

Quote from: goaldigger on July 24, 2022, 09:59:26 PM

Quote from: ivankoh on July 24, 2022, 06:11:15 PM

Quote from: fuguebtc on July 23, 2022, 02:30:44 PM

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...

Tesla can invent many reasons why they have decided to sell their bitcoins, however, the reality might be Tesla cannot hold a speculative investment that brings negative numbers in their monthly income statement during a bear market. It will not attract investors in their stock and will not be good for the price.