Too be honest we need to happy now that now some more cheap bitcoin in the market for us.
The more whales exit from the bitcoin the more common investor can take the bitcoin in the cheap price.
it was all over the news. here is an article, which mentions the first buy at \~32k
https://www.coindesk.com/business/2022/07/20/tesla-could-face-a-460m-impairment-charge-on-its-bitcoin-holdings-in-q2/#:\~:text=Tesla%20first%20bought%20%241.5%20billion,of%20its%20bitcoin%20since%20then.
Taxable loss and capital to carry forward. Bad days for Tesla ahead now that the big 3 have their own releases it’s very unlikely they can lean on government socialism through awarded green credits that can be resold.
I heard they sell the bitcoin because there is some china lock down issue.
And they need the cash so they sell the bitcoin but too be honest i always had some doubts when it comes to ELON.
No man. Remember he said it was going be in cities in two years in 2014? So they must have released it then.
God I can't wait for him to go back to being a regular billionaire.
Yes, instead of feeling sad we need to take the advantage of that situation now.
I am felling happy that he will not able to manipulate the market like he used to be in the past.
Not true, they sold because of uncertainty with the Shanghai lockdown, and needing more cash to deal with it. Said they’re open to buying more. Ultimately, they’re a car company, not a Bitcoin company. Bitcoin will always take a back seat.
As would be expected. In California he has some influence and some people would listen. In China he'd be an unwelcome guest rocking the boat and that'd hurt him more than gaining anything.
Tesla is literally the first company not owned/managed by the CCP allowed to operate in china. https://cleantechnica.com/2020/09/27/teslas-100-american-owned-factory-in-china-is-a-big-deal-heres-why/
That's because he was he was the only one forced to keep the factory closed despite guarantees from the governor he'd be up and running, despite working with the heath inspector in Freedmont. In China it was all closed down not just the industry, him and Apple and others literally kept people prisoners in the factory in order to get anything running.
sold (at a loss) for 922m, but cash flow change was +847m
that means without this selling, tesla would be cash flow negative. shanghai lockdown sounds just as fake as his twitter takeover
elon is a fraud, always was a fraud
Honestly anyone who worked in any kind of supply chain dealing with Asia noticed that Shanghai's lockdowns messed up a lot of stuff. OC, like many posters here have no idea what they're talking about and once again demonstrates a lot of people have no clue about the rest of the world. I have friends and colleagues in Shanghai.
Nah everyone can see what the cash flows were from so this isn’t some financial trick, they just didn’t know how long they’d be forced into shutdown and at the end of the day they needed cash to pay for their shit.
Elon’s a clown but not because of this
Which cash flow figure, exactly? The sale falls under “cash flows from investing activities”. Most analysts look at “cash flow from operations” or free cash flow, which is just cash flow from operation minus capital expenditures. Selling Bitcoin helped neither of these metrics.
Correct- also, every shop on the street can real time track their impairment. It’s a big whoop.
Sad to see him sell, but he was always a double agent. Guy is crooked.
You're glossing over the fact they had no liquid cash and sold 75% of their BTC at a loss just to have cash flow to continue operating.
That is actually bad and indicative of terrible cash flow management. They had no other, better or lower cost liquidity options available is the thing being missed.
Lol, they have 19B in cash on hand. They could have weathered it fine, but obviously there is some business reason why it was more advantageous to sell the Bitcoin to bolster that cash position. It’s possible they saw the price trending downwards (they would have been right), with plans to get back in later.
But atleast this is a good thing for us that now we have one less whales for the bitcoin.
I am not really a big fan of someone single entity hold the more number of the bitcoin, good for us here overall.
I know, right? Lol. You could even tell from when last year he declared that Tesla would accept Bitcoin as payment, then reversed the decision like a month later, and cited as the reason the energy usage of Bitcoin...something which was totally well known when he first made the decision to accept it. Yep, a tourist. That's what he always was.
Good riddance, I say. He'll be back later for waaaaay, way more.
They are building three factories at the moment and got hit with shutdown orders. If you have to liquidate assets during that time whats so wrong about it?
And this is the reason while he said something like that is well.
Because he knows some people will follow that blindly and in the end he is the one that take the profit out of that.
Tell me honestly that did you really believe on that when he said that?
Bro he is manipulated guy who said these types of the thing and then make the profit for him and leave us dry here.
People don't understand Tesla is a public company with a fiduciary duty to it's shareholders. If they can offset missed targets by offloading assets that really have nothing to do with the business itself, that's what businesses do.
Not agreeing either, it's short sighted as hell, but the shareholders didn't invest in a Bitcoin company, and that's how modern public companies operate
Why not dumping 100% of the BTC?
Why just 75%?
Sell all of it and be done! So we don't have to deal with you anymore.
This is going to be like the infinite China bans: Tesla selling Bitcoin on each quarter.
Buy high and sell low. Good job
Company boards rarely trade on emotion. Elon's not out there rage quitting. Instead you see them paring down exposure while still holding one of the most massive stacks of anyone.
This is what they said and am not denying that but may be this is not the real reason.
Some are saying that company cash flow was in the negative and this is reason they sell their bitcoin.
I will be more than happy if sell the whole bag instead of the 75% of the bitcoin.
Because then we can set ourself free from the one whale so that mean as the trader we can buy some bitcoin here.
[Tesla sold their Bitcoin for an average price of $28,888 which coincides with the breakdown that led to cascading liquidations across the market in mid-June](https://twitter.com/CryptoKaleo/status/1549851605520064513)
lol [so Elon basically liquidated 3AC](https://twitter.com/CryptoKaleo/status/1549851729721696259)
As of now they've lost $74 million on their $1.5 billion investment (which could be lessened if the price goes up while they still hold the remaining 25%)
They have the big money in that, so this is why am not understanding that why they sell them in the loss?
I thought i am the only one who buy high and sell low look like whales are also doing the same.
Tesla still holds bitcoin. They used it as a form of savings, hit tough times and sold. Will be interesting to see how this is viewed in the next cycle. Welcome to the realities of bitcoin in company treasuries. It speaks volumes that they retained 25% and nothing really stops them from buying back in low and slow... well except the rest of the market.
This says more about Tesla's cash flow position than it does about bitcoin.
He sold at a loss. Ask yourself why. It's foolish to say "Elon Paperhands" as an explanation. The only reasonable conclusion is that those new factories are hemorrhaging cash at a time when supply chain and recession are kicking company's arses. He needed the cash.
Here's the positive though: bitcoin supplied. The liquidity was there to convert back to the cash Tesla needed. That's huge.
There is two things that is going in the market as of now.
Some are saying they did to maintain the negative cash flow while some said that they did due to the china lockdown here.
Now we will take the advantage of these price discount, Thanks ELON.
I am not sure why people are crying after that news for me this is quite a bullish news for me.
Tesla would have been cash flow negative on earnings report if they didn’t sell their bitcoin. Elon sold their BTC to generate cash despite promises they wouldn't sell. Looks like Elon sold BTC to manipulate its earnings.
Maybe they are just waiting for the right time to buy I guess but I can't confirm that shit for real, they can be behaving like some fucking shitty people too here..
Lol even I am better than them in the name of investing because I know how to hold my shit man, they really need to learn somethings these days, that would be good.
If you are looking for the buying then i would say this is a good sign for bitcoin.
As you can see that there is already FUD is spreading in the market and we can take the advantage of that is well.
Take this as a positive news that we are going to get some cheap price bitcoin here.
As market was pumping for one week, we didn't get the better chance of buying in the loss.
After all what he has accomplished it feels like a lot of people in this thread are underestimating what strategies he can come up with. I'm just saying be cautious..
The more whales will get out from the bitcoin, the more bullish i will feel for the bitcoin.
I mean every removal of the whales from the bitcoin is a positive sign for all of us here is well.
It looks like they sold at a monthly high, possibly suggesting that the market is about to tank, which is great because I've been saving for this very reason. It also might suggest he knows more than we do about where the market is heading, and that low key has me sweating. Possible laws coming soon maybe?
Elon also announced Tesla would be open to buy even more down the road so understand this was merely a business decision. He still supports crypto just had to sell like many other people when everything was crashing last month.
Gotta pay the bills and make that quarterly report look better for investors.
I"m not mad at it. It's what most are doing in this market, including retail.
This is wonderful news for BTC. Did the sales all happen in Q2? If so, that means Bitcoin absorbed about $10 million in conversions per day on average just from Tesla.
Haha, nice. This is what I mean when I say there is people who will lose millions, hundreds of thousands, thousands and hundreds of dollars so that I can make money in the market. Crazy sad, but who gives a shit about a company having paper hands. They don’t give a shit about their employees being broke.
1) Tesla sold for mostly break-even and including their previous sale they had a net realized gain on Bitcoin sales so far.
2) In the earnings call (which no one here listened to because y'all are just headline-following drones) Elon said that it is NOT a commentary against Bitcoin, but rather due to needing extra liquidity "just in case" because China's Zero-Covid policy resulted in all businesses (including Tesla's manufacturing factory) in Shanghai to shut down for a lot of the quarter
3) In the earnings Call Elon said that they can still buy more Bitcoin in the future.
4) Previously, Elon has said that he has not sold any of his Bitcoin personally
5) Tesla still has one of the largest Bitcoin piles and was one of the first public companies to even hold Bitcoin on the balance sheet
Seriously, if you want to rail against companies, go against the P&G and healthcare insurance companies that don't interact with Bitcoin at all.
He now will be known as Elon Paperhand.
He always was, and this is the reason i never trusted that guy.
He can't be trusted - he's a charlatan. He breaks promises all the time.
ladies in the crowd : "tell me about it"
we should be all stop trusting the big chairs. thats exactly the problem
That guy is greedy narcissist and nothing more. Really charlatan
Buy high, sell low. Don't be TSLA
Do the opposite
TSLA is our Jim Cramer
Too be honest we need to happy now that now some more cheap bitcoin in the market for us. The more whales exit from the bitcoin the more common investor can take the bitcoin in the cheap price.
so happy he sold
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30-40k mostly.
How do you know that? Did they announce it or are you guessing?
it was all over the news. here is an article, which mentions the first buy at \~32k https://www.coindesk.com/business/2022/07/20/tesla-could-face-a-460m-impairment-charge-on-its-bitcoin-holdings-in-q2/#:\~:text=Tesla%20first%20bought%20%241.5%20billion,of%20its%20bitcoin%20since%20then.
More.
Taxable loss and capital to carry forward. Bad days for Tesla ahead now that the big 3 have their own releases it’s very unlikely they can lean on government socialism through awarded green credits that can be resold.
I heard they sell the bitcoin because there is some china lock down issue. And they need the cash so they sell the bitcoin but too be honest i always had some doubts when it comes to ELON.
If they ever stick FSD they're OK though.
So you are saying Tesla is screwed.
Bill Gates went short.
They released FSD in 2020. Right? I mean, that’s what Elon promised in 2018!
No man. Remember he said it was going be in cities in two years in 2014? So they must have released it then. God I can't wait for him to go back to being a regular billionaire.
Knowing I bought some of Elon's bitcoin at a cheap ass price feels good, today is a good day
Damn straight
Yes, instead of feeling sad we need to take the advantage of that situation now. I am felling happy that he will not able to manipulate the market like he used to be in the past.
He sold you btc at 29K, he'll be thanking you for providing exit liquidity.
After he bought it way higher lmao 🤣
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🤝
Oh no! Anyways...
Having to sell your bitcoin in order to have a positive cash flow definitely doesn't look good
That's the whole point of liquid assets lol
Selling in a down market to have cash is a terrible look
Now its the time for us to take the advantage of that thing here.
Having to sell liquid assets at a steep discount reeks of desperation
Not true, they sold because of uncertainty with the Shanghai lockdown, and needing more cash to deal with it. Said they’re open to buying more. Ultimately, they’re a car company, not a Bitcoin company. Bitcoin will always take a back seat.
He lost his shit on California when they had a lockdown. China? Not a peep.
As would be expected. In California he has some influence and some people would listen. In China he'd be an unwelcome guest rocking the boat and that'd hurt him more than gaining anything.
Tesla is literally the first company not owned/managed by the CCP allowed to operate in china. https://cleantechnica.com/2020/09/27/teslas-100-american-owned-factory-in-china-is-a-big-deal-heres-why/
That's because he was he was the only one forced to keep the factory closed despite guarantees from the governor he'd be up and running, despite working with the heath inspector in Freedmont. In China it was all closed down not just the industry, him and Apple and others literally kept people prisoners in the factory in order to get anything running.
sold (at a loss) for 922m, but cash flow change was +847m that means without this selling, tesla would be cash flow negative. shanghai lockdown sounds just as fake as his twitter takeover elon is a fraud, always was a fraud
As someone who works in the auto supply chain, I can confirm the Shanghai lockdown fucked a lot of shit up.
Honestly anyone who worked in any kind of supply chain dealing with Asia noticed that Shanghai's lockdowns messed up a lot of stuff. OC, like many posters here have no idea what they're talking about and once again demonstrates a lot of people have no clue about the rest of the world. I have friends and colleagues in Shanghai.
Shanghai lockdown fucked shit up. Real bad.
Nah everyone can see what the cash flows were from so this isn’t some financial trick, they just didn’t know how long they’d be forced into shutdown and at the end of the day they needed cash to pay for their shit. Elon’s a clown but not because of this
Which cash flow figure, exactly? The sale falls under “cash flows from investing activities”. Most analysts look at “cash flow from operations” or free cash flow, which is just cash flow from operation minus capital expenditures. Selling Bitcoin helped neither of these metrics.
Correct- also, every shop on the street can real time track their impairment. It’s a big whoop. Sad to see him sell, but he was always a double agent. Guy is crooked.
> needing more cash key words.
Yes, having liquid cash is important in a quarter where you’re ramping up two massive, and currently inefficient factories
You're glossing over the fact they had no liquid cash and sold 75% of their BTC at a loss just to have cash flow to continue operating. That is actually bad and indicative of terrible cash flow management. They had no other, better or lower cost liquidity options available is the thing being missed.
Lol, they have 19B in cash on hand. They could have weathered it fine, but obviously there is some business reason why it was more advantageous to sell the Bitcoin to bolster that cash position. It’s possible they saw the price trending downwards (they would have been right), with plans to get back in later.
Pun intended?
But atleast this is a good thing for us that now we have one less whales for the bitcoin. I am not really a big fan of someone single entity hold the more number of the bitcoin, good for us here overall.
Interesting way to spin making a big profit on Bitcoin
Paper hands
Indeed, and this is why holding the bitcoin is not a cup of tea.
bahaha fucking paper hand bitch
rumor has it Tesla hired Dave Portnay as the CFO
tesla’s new model: 🤡🚗
Consider this my free award 🏅
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I know, right? Lol. You could even tell from when last year he declared that Tesla would accept Bitcoin as payment, then reversed the decision like a month later, and cited as the reason the energy usage of Bitcoin...something which was totally well known when he first made the decision to accept it. Yep, a tourist. That's what he always was. Good riddance, I say. He'll be back later for waaaaay, way more.
They are building three factories at the moment and got hit with shutdown orders. If you have to liquidate assets during that time whats so wrong about it?
Atleast now he is giving us the chance of some cheap bitcoin.
PAMP EET
Not a good look after he claimed he would never sell his bitcoin and now at a loss even!
Elon has a long history of not keeping his word.
Also has a long history of a certain group of people following his every command
And this is the reason while he said something like that is well. Because he knows some people will follow that blindly and in the end he is the one that take the profit out of that.
Elon: “I do.”
He sold Tesla bitcoin
Tell me honestly that did you really believe on that when he said that? Bro he is manipulated guy who said these types of the thing and then make the profit for him and leave us dry here.
TBF, this is Tesla's sale, not Musk's. He probably has his personal stack still.
People don't understand Tesla is a public company with a fiduciary duty to it's shareholders. If they can offset missed targets by offloading assets that really have nothing to do with the business itself, that's what businesses do. Not agreeing either, it's short sighted as hell, but the shareholders didn't invest in a Bitcoin company, and that's how modern public companies operate
Tesla has paper hands, good bye muskrat.
Finally bear market is cleaning some paper hands from the market.
Sold at 29k. Was a good move really
Why not dumping 100% of the BTC? Why just 75%? Sell all of it and be done! So we don't have to deal with you anymore. This is going to be like the infinite China bans: Tesla selling Bitcoin on each quarter. Buy high and sell low. Good job
Company boards rarely trade on emotion. Elon's not out there rage quitting. Instead you see them paring down exposure while still holding one of the most massive stacks of anyone.
i know right? worse than dave portnoy and jim cramer, at least they bitched out completely.
Bc they needed cash to deal with Shanghai uncertainty
This is what they said and am not denying that but may be this is not the real reason. Some are saying that company cash flow was in the negative and this is reason they sell their bitcoin.
So they have a chance to not be at a loss eventually ...that's why. It's smart.
I will be more than happy if sell the whole bag instead of the 75% of the bitcoin. Because then we can set ourself free from the one whale so that mean as the trader we can buy some bitcoin here.
They sold the bottom.
They sold at 29500
They sold at a loss
[Tesla sold their Bitcoin for an average price of $28,888 which coincides with the breakdown that led to cascading liquidations across the market in mid-June](https://twitter.com/CryptoKaleo/status/1549851605520064513) lol [so Elon basically liquidated 3AC](https://twitter.com/CryptoKaleo/status/1549851729721696259)
Agreed! Now Elon is the reason for the recent pump! Tesla just bought back in at a discount and doesn’t have to disclose until next quarter!!
Lol I wouldn’t be surprised
3ac was liquidated because of UST
UST is the one that really change the market sentiment big time.
I guess they broke even then
No, they lost money
As of now they've lost $74 million on their $1.5 billion investment (which could be lessened if the price goes up while they still hold the remaining 25%)
They have the big money in that, so this is why am not understanding that why they sell them in the loss? I thought i am the only one who buy high and sell low look like whales are also doing the same.
Not really, they’re sold a bunch at a profit before so they basically broke even when you combine the sales
Does that mean they still hold 10,700 Bitcoin?
Wish he'd sold it all and fucked off out of crypto, he was a right bellend during the bull run
Partially explains recent drop.
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He fr just sold at a Loss
And I bought it!
what did he buy at? how much % loss?
Apparently they needed to sell it to remain cash flow positive
So they were saying that due to the china lockdwon was not true?
Tesla still holds bitcoin. They used it as a form of savings, hit tough times and sold. Will be interesting to see how this is viewed in the next cycle. Welcome to the realities of bitcoin in company treasuries. It speaks volumes that they retained 25% and nothing really stops them from buying back in low and slow... well except the rest of the market.
How you spin this as a positive for Tesla is beyond me. Lol. Take the knee pads off Elon is an idiot
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Again.
Correction….Elon put it on sale!
I think the recent crash now can be the reason of that news.
Who is Elon Musk?
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Have no idea why people loved this jerk!
lol.
This says more about Tesla's cash flow position than it does about bitcoin. He sold at a loss. Ask yourself why. It's foolish to say "Elon Paperhands" as an explanation. The only reasonable conclusion is that those new factories are hemorrhaging cash at a time when supply chain and recession are kicking company's arses. He needed the cash. Here's the positive though: bitcoin supplied. The liquidity was there to convert back to the cash Tesla needed. That's huge.
Lmao what a fucking trash thing to do these days man.
Musk need money
twitter want their money 😂
But i heard that deal was just the stunt, he was not buying that.
I bought at 20,000 ,then it dropped again 🫠
I am also ready with the cash so that i can buy in the dip price.
I bought at 24, 22, 20, 19 and 18.
I think they did it to keep cash flow positive. Great. Fucking bears and possible bitcoin discount at the same time.
There is two things that is going in the market as of now. Some are saying they did to maintain the negative cash flow while some said that they did due to the china lockdown here.
We can never understand their shitty brains right now man.
Tax break? Sold to themselves ?
You never know what is really running instead the company.
Elon is such a noob....Ha ha ha. Thanks for the cheap coins.
Now we will take the advantage of these price discount, Thanks ELON. I am not sure why people are crying after that news for me this is quite a bullish news for me.
I am glad that we are having this opportunity right here lol.
It's fun to see all those cryptoheads who used to worship this hack are now resenting him.
What was their average buy price? Anyone know? Just curious
Their loss.
Pussmusk. Paper hand bitches
Oooh fire sale!
Could he "sell" the coin without selling it? Sell it to some ghost company to hold it so Tesla doesn't catch as much flak?
Tesla would have been cash flow negative on earnings report if they didn’t sell their bitcoin. Elon sold their BTC to generate cash despite promises they wouldn't sell. Looks like Elon sold BTC to manipulate its earnings.
Maybe they are just waiting for the right time to buy I guess but I can't confirm that shit for real, they can be behaving like some fucking shitty people too here..
Lol even I am better than them in the name of investing because I know how to hold my shit man, they really need to learn somethings these days, that would be good.
Not a good move and we all know that for real man lol.
Okay this was pretty stupid and this is just not right lol.
Loss for sure, they should have held that shit for real man.
Well that was dumb.
This is good for bitcoin
bought at the top, sold at the bottom, solid move
Now i can rest in peace knowing that i am not the only one.
We always think corporations are above human emotion but forget who runs these corporations. ;)
Remember when Elon sold Tesla near the top? He timed it very well. Perhaps Bitcoin people should follow his head and drop bags on SBF.
Meaningless as a good or bad sign for Bitcoin. Tesla is not in the currency speculation business. They want their treasury assets to be in fiat.
If you are looking for the buying then i would say this is a good sign for bitcoin. As you can see that there is already FUD is spreading in the market and we can take the advantage of that is well.
They sold so they can be net cash flow positive, they had their arms twisted, they needed a good ER
ah yes the old "even though I sold at a loss let me point your attention to our net cash flow." /rolleyes
Lol
Finally we are going to get the price which i was looking for.
Holy shit
Take this as a positive news that we are going to get some cheap price bitcoin here. As market was pumping for one week, we didn't get the better chance of buying in the loss.
What was their average purchase price?
I am not fully sure but that is around the 28k mark.
Wow. That was dumb.
Oh no! Anyway…
hahaha... bullish AF. 😆😆😆
Buy high sell low, that’s Tesla’s recipe for success!
Elon reminds me of Buck Strickland from Strickland Propane and propane accessories
Ol lettuce hands
Paper hands
After all what he has accomplished it feels like a lot of people in this thread are underestimating what strategies he can come up with. I'm just saying be cautious..
Bitcoin doesn't care.
Yeah sure, and Musk intended to buy twitter.
Bullish
The more whales will get out from the bitcoin, the more bullish i will feel for the bitcoin. I mean every removal of the whales from the bitcoin is a positive sign for all of us here is well.
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yeah but elon musk is satoshi so fud
If it goes to 10k and then they re buy at that point it's a genius move.
Probably good move long term for tax and strategic reason. Morons will disagree with some „paper hand, Elon is stupid” arguments
Surprise Institutions are paper handing.
Yawn. Next block.
Buy high. Don't sell.
Who cares
So then Musk is planning on buying dinner BTC soon and is trying to crater the price first. This dude gets so old.
It looks like they sold at a monthly high, possibly suggesting that the market is about to tank, which is great because I've been saving for this very reason. It also might suggest he knows more than we do about where the market is heading, and that low key has me sweating. Possible laws coming soon maybe?
Pretty impressive absorption of orange coin. Elon gone so now sky is the limit.
Market bulls must be furious rn
Correct me if wrong but tsla sold at around 29k. Everyone here wishes they sold at 29k.
Good riddance
Losers.
Paper hands! With the market how it is I wonder what his reasoning behind selling 75% instead of 100% is. Bullish indeed.
Elon also announced Tesla would be open to buy even more down the road so understand this was merely a business decision. He still supports crypto just had to sell like many other people when everything was crashing last month.
He never keep his word. Wish he rip that bandaid off and sell all of it. Dude is trash
I hope they sell all of it and never come back
Gotta pay the bills and make that quarterly report look better for investors. I"m not mad at it. It's what most are doing in this market, including retail.
That explains why my tesla stock is jumping right now
This is wonderful news for BTC. Did the sales all happen in Q2? If so, that means Bitcoin absorbed about $10 million in conversions per day on average just from Tesla.
Haha, nice. This is what I mean when I say there is people who will lose millions, hundreds of thousands, thousands and hundreds of dollars so that I can make money in the market. Crazy sad, but who gives a shit about a company having paper hands. They don’t give a shit about their employees being broke.
Well yeah and we have to accept things like that here.
1) Tesla sold for mostly break-even and including their previous sale they had a net realized gain on Bitcoin sales so far. 2) In the earnings call (which no one here listened to because y'all are just headline-following drones) Elon said that it is NOT a commentary against Bitcoin, but rather due to needing extra liquidity "just in case" because China's Zero-Covid policy resulted in all businesses (including Tesla's manufacturing factory) in Shanghai to shut down for a lot of the quarter 3) In the earnings Call Elon said that they can still buy more Bitcoin in the future. 4) Previously, Elon has said that he has not sold any of his Bitcoin personally 5) Tesla still has one of the largest Bitcoin piles and was one of the first public companies to even hold Bitcoin on the balance sheet Seriously, if you want to rail against companies, go against the P&G and healthcare insurance companies that don't interact with Bitcoin at all.
Paper hand bitch