Elon Musk, Tesla and Bitcoin

[NoahA]

TSLA invested about 1% of their current cash reserves into BTC.

Are you really trying to tell us that for TSLA, a 1.5 billion purchase of BTC represents 1% of their cash? This would mean that TSLA has 150 billion in cash?

Imagine how poor apple must be feeling with only 200 billion of cash, just a little more than supposedly TSLA.

https://www.cnbc.com/2020/10/29/apple-q4-cash-hoard-heres-how-much-apple-has-on-hand.html#:~:text=Apple now has $191.83 billion cash on hand, according to,reported $193.8 billion in cash.

I feel the need to quote this part:

This post just shows how stupid you are.

And this one:

You literally have no idea what you are talking about.

According to this attachment, TSLA had 19 billion in cash and cash equivalents at the end of 2020.

 

[IamTheCasino]

Its 8% of their cash - i didnt remember correctly. https://www.inc.com/jason-aten/tesla-just-bought-15-billion-in-bitcoin-it-could-mean-end-of-tesla.html#:~:text=That's saying a lot.,price soaring, approaching $50,000 each.

Either way, its not a fuckin gamble - which was the point of the post, not the exact percentage amount of said investment.

Some of you morons (that means you) need to learn what the overarching point is instead of trying to look smart by being pedantic.

Fuckin idiot.

Now, if i said 1% and it came to a figure like 25%+, then ya id be an idiot and not know what im talking about.

But I didnt - because guess what, I know what im talking about, so stfu because your post is literally useless.

ETA: And btw, nice edit from 1.9 billion to the correct price of 19billion. Practice what you preach you sorry sack of shit.

 

[S2007S]

Nothing but hype this market has become. The news of this $1.5 billion in bitcoin buying is once again more unicorn shenanigans...bitcoin will never be an absolute form of payment. The volatility alone isn't worth holding it. It's only gaining major attention because of the high valuation it has obtained in the last 12 months. There wouldn't be any $1.5 billion purchase of bitcoin if it were trading under $10,000. And now that markets keep closing at historical highs it seems every single asset class including magical unicorn bitcoin can keep flying higher. The upward trajectory of all asset classes will have a day of reckoning.

 

[tsznecki]

Elon Musk has bought 1.5 Billion of Bitcoin using Tesla books. Does he think that since Tesla is 2% of the S&P that will cause institutions to fast forward their adoption rate? If so, that is a very stupid strategy. Thoughts?

You a billionaire like Elon Mush? No? Fuck off. No one cares about your opinions.

Elon can do whatever he wants with TSLA.

 

[Cuddles]

This post just shows how stupid you are.

TSLA invested about 1% of their current cash reserves into BTC. I would hardly call that gambling. And he didnt just "start the company" its been around for a while. The "adoption rate" is already happening while you sit here and post your drivel.

You literally have no idea what you are talking about.

you wut?

The company plans to spend $2.5 billion in 2021 and 2022, mostly on new factories and expansion. It said it had $14.5 billion in cash on hand in September, more than twice what it had at the start of the year.

 

[Millionaire]

Billy boy Gates royally reamed them, and maintained his monopoly on browser tech for 20+ years.

Only now with the money behind them is Alphabet gaining ground with Chrome.

Only now?

Chrome over took IE almost 10 years ago.