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Is Tesla a better investment now it has $1.5B (+20%) in Bitcoin?
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RichTips
Posts: 96 Forumite

So I know what some of you might say (that it's a bubble buying a bubble) but do the open minded people among us think that there's a good possibility large, corporate buys of Bitcoin (copy trading Tesla) will keep pushing the price of both Bitcoin and thus Tesla stock up, or is that unrealistic?
Despite Elon Musk's obvious manipulation through Tweeting about #Bitcoin in the last couple of months, this article suggests that the regulators would be unlikely to succeed in censuring his behavior (or the buys) through litigation. In light of this, I was also wondering if people have an opinion of the corporations most likely to follow the likes of Tesla and MicroStrategy into holding and even accepting payments in Bitcoin?
P.S. I hold Bitcoin and Tesla.
Despite Elon Musk's obvious manipulation through Tweeting about #Bitcoin in the last couple of months, this article suggests that the regulators would be unlikely to succeed in censuring his behavior (or the buys) through litigation. In light of this, I was also wondering if people have an opinion of the corporations most likely to follow the likes of Tesla and MicroStrategy into holding and even accepting payments in Bitcoin?
P.S. I hold Bitcoin and Tesla.
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He's equally likely to say he's sold it in 3 months.I'm holding, the Bitcoin is an irrelevance as far as I'm concerned. It's not even 10% their cash.Just don't buy Dogecoin, which he also tweets about. For technical reasons, that cannot rise since it's so easy to create new ones1
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AnotherJoe said:He's equally likely to say he's sold it in 3 months.I'm holding, the Bitcoin is an irrelevance as far as I'm concerned. It's not even 10% their cash.Just don't buy Dogecoin, which he also tweets about. For technical reasons, that cannot rise since it's so easy to create new ones
How difficult is it to create Bitcoin ?
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jimpwarsop saidHow difficult is it to create Bitcoin ?0
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jimpwarsop said:AnotherJoe said:He's equally likely to say he's sold it in 3 months.I'm holding, the Bitcoin is an irrelevance as far as I'm concerned. It's not even 10% their cash.Just don't buy Dogecoin, which he also tweets about. For technical reasons, that cannot rise since it's so easy to create new ones
How difficult is it to create Bitcoin ?
Or, if you want an absolute measure of how difficult it is, the difficulty of a block on 6th February 2021 was 21,434,395,961,348.Proud member of the wokerati, though I don't eat tofu.Home is where my books are.Solar PV 5.2kWp system, SE facing, >1% shading, installed March 2019.Mortgage free July 20230 -
I know that Elon is a bit eccentric, but it seems like an odd move. Surely he should be doing this with his funds rather than that of Tesla?
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Grenage said:I know that Elon is a bit eccentric, but it seems like an odd move. Surely he should be doing this with his funds rather than that of Tesla?3
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well he can now sell at a profit, win/win situation,"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
If he wants to play Investment Analyst / Manager he should start his own Private Equity type fund and get on with it, or alternatively, take Tesla private and use it as his own plaything.
Using shareholder funds for a publically quoted firm to speculate is wrong - unless the company IPO propsectus / Articles of Association etc. make specific reference to the fact that arbitrary investments, absolutely nothing to do with our core or even tangetial business objectives, will be made at the CEOs whim with your (shareholder) money.
Pension funds will be invested in this company by virtue of where it sits in the S&P 500. The risk level of those imvestments has increased quite dramatically.
With hindsight Woodford got slated for going "off piste" as his gambles were Lose / Lose. Are you saying it's OK as long as the gambles are Win / Win?4 -
In the absence of an internal PR / marketing department one way of promoting the brand and obtaining lots of media coverage in the process.
Better than the news that Chinese regulators have rebuked Tesla due to poor build quality on imported vehicles from the US.2 -
Despite Elon Musk's obvious manipulation through Tweeting about #Bitcoin in the last couple of months2
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