Is Tesla a better investment now it has $1.5B (+20%) in Bitcoin?

Thrugelmir

HansOndabush said:

Thrugelmir said:

Tesla's ESG credentials look increasingly poor on the back of this decision. 

Exactly. What's the point of having low emission cars if you invest in Bitcoin that consumes more power than entire countries?

Likewise build factories before obtaining all necessary building consents. Destroying the environment.  While you can get away with it the US (at the moment), Germany is proving a different proposition. Hardly surprising India is Tesla's next target. 

snooloui

I think we can safely say the answer is a bit fat no!

[Deleted User]

Exciting times for Tesla investors. 

coastline

Set to 5 years for a decent view.
Tesla | TSLA - Stock Price | Live Quote | Historical Chart (tradingeconomics.com)
Google images " parabolic chart pattern " to get the picture. At the moment there's a fair few stocks out there with this structure. Even an old favourite SMT.
bubble-phases1-768x515.jpg (768×515) (stocksnewswire.com)

[Deleted User]

coastline said:

Set to 5 years for a decent view.
Tesla | TSLA - Stock Price | Live Quote | Historical Chart (tradingeconomics.com)

Eek! View from the top. A bit like standing on a mountain in Panama after crossing the Atlantic, only to find the Pacific on the other side.

dave8204

I knew he was a bit of a Maverick and someone who courts publicity but now he's gambling with shareholder's money and I'm not impressed. I get the feeling Baillie Gifford are edging away as well while trying not to spook the market....or at least even more than it is already.

[Deleted User]

dave8204 said:

I knew he was a bit of a Maverick and someone who courts publicity but now he's gambling with shareholder's money and I'm not impressed. I get the feeling Baillie Gifford are edging away as well while trying not to spook the market....or at least even more than it is already.

Not necessarily, dave. The lower % shareholding in Tesla more likely just reflects the falling value of Baillie Gifford's holding. 

Prism

Yes Baillie Gifford roughly halved their holdings in Tesla a couple of months ago.

MDMD

Prism said:

Yes Baillie Gifford roughly halved their holdings in Tesla a couple of months ago.

Hasn’t stopped the SMT share price falling off a cliff!

[Deleted User]

Prism said:

Yes Baillie Gifford roughly halved their holdings in Tesla a couple of months ago.

 https://citywire.co.uk/funds-insider/news/baillie-gifford-halves-tesla-holding-to-lock-in-huge-gains/a1465918
Great timing. BG have done brilliantly over the past year, doubling many investments. There may well be a couple of fallow years to follow but would be churlish to criticise Baillie Gifford after their 2020.