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Amid Bitcoin’s crash, all of Tesla’s gains have vanished

11 pointsby yoeloalmost 4 years ago

2 comments

nostrademonsalmost 4 years ago
Article never mentions whether Tesla is still holding BTC other than to remark that it sold 10% of them in Q1. If it sold 10% of them in the one month between purchase and the end of Q2, what makes you think it&#x27;s still holding them a full quarter later?<p>Musk - and any other CEO - isn&#x27;t like your average retail investor. Everything has a price, and you can <i>say</i> something is a good deal without it actually being a good deal. At the height of BTC (and Dogecoin&#x27;s) popularity, right around Musk&#x27;s SNL appearance, why <i>wouldn&#x27;t</i> he dump it all to cash in on all that demand?
maxharrisalmost 4 years ago
Oh, really?<p>TSLA closed today at $660.50. One year ago, it was trading at $313.67.<p>I bought a lot of my position in March-May 2020, when it was far, far cheaper than that (I have some shares that I got for around $70 apiece from that time).<p>If you object to the dates, prices and times I cite here, why accept the ones from the article?
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