Tesla (TSLA) has lost over $500 million from its Bitcoin investment amid crypto winter

[RealDude]

Early in 2021, Tesla invested $1.5 billion in Bitcoin.

Tesla (TSLA) has lost over $500 million from its Bitcoin investment amid crypto winter

Tesla (TSLA) has lost over $500 million in value from its Bitcoin investment amid what people are now calling a “crypto winter.” Early in 2021, Tesla invested $1.5 billion in Bitcoin. Shortly after, the automaker started accepting the cryptocurrency as payment on new vehicles. However, a few...

electrek.co

 

[369]

elon sold his btc already last year with a profit to which he had in first time in tesla history a better finance quarter

 

[Martin Everson]

Early in 2021, Tesla invested $1.5 billion in Bitcoin.

Tesla (TSLA) has lost over $500 million from its Bitcoin investment amid crypto winter

Tesla (TSLA) has lost over $500 million in value from its Bitcoin investment amid what people are now calling a “crypto winter.” Early in 2021, Tesla invested $1.5 billion in Bitcoin. Shortly after, the automaker started accepting the cryptocurrency as payment on new vehicles. However, a few...

electrek.co

Article made me laugh.

So Elon comes out back then saying he will accept bitcoin then backtracks complaining about energy usage of Bitcoin. As a smart guy who knows a lot about electricity usage as he makes a lot electricity powered cars it sounds fishy . Sounds like market manipulation to me. Didn't he just do same with Twitter saying he wants to buy Twitter and now is talking about bot accounts. Like he did not know this before making an offer .

The question is who close to him is benefiting from all his shenanigans .

Anyway it's only a paper BTC loss at this stage.

 

[azb1]

Article made me laugh.

So Elon comes out back then saying he will accept bitcoin then backtracks complaining about energy usage of Bitcoin. As a smart guy who knows a lot about electricity usage as he makes a lot electricity powered cars it sounds fishy . Sounds like market manipulation to me. Didn't he just do same with Twitter saying he wants to buy Twitter and now is talking about bot accounts. Like he did not know this before making an offer .

The question is who close to him is benefiting from all his shenanigans .

Anyway it's only a paper BTC loss at this stage.

Totally agree, his brother , he has big family and friends network ... It is very hard to prove his wrong doing in court since the beginning this Elon Musk guy seems fraud.. everything he says or does is fishy.

Let's how far he go...

 

[JohnnyDoe]

Let's how far he go...

farther than where he is now? Probably he will become the first emperor of Mars.

 

[azb1]

Well

Elon Musk, Tesla, Spacex Facing $258 Billion Lawsuit for Promoting Dogecoin – Featured Bitcoin News

Elon Musk, Tesla, and Spacex are being sued over claims that they are engaged in a dogecoin "crypto pyramid scheme (aka Ponzi scheme)."

news.bitcoin.com

 

[boomy]

No one can say that Elon Musk is not a Genius. Hitler was a Genius to so Josef Stalin was - The latter were warlords, but at at the end of the day all three are the devil disguise.

 

[azb1]

"Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men…",

 

[Golden Fleece]

"Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men…",

That applies unless great men are tethered by a moral code. George Washington could have been a king, but he turned it down. After Washington’s stunning victory at Trenton at the end of 1776, Congress gave Washington virtually dictatorial powers to prosecute the war effort.

Washington responded as follows: “Instead of thinking myself free’d from all civil Obligations, by this mark of their Confidence, I shall constantly bear in Mind, that as the Sword was the last Resort for the preservation of our Liberties, so it ought to be the first thing laid aside, when those Liberties are firmly established.”

Why? He was a godly man, tethered by the moral code of the Holy Bible.

 

[Martin Everson]

Well

Elon Musk, Tesla, Spacex Facing $258 Billion Lawsuit for Promoting Dogecoin – Featured Bitcoin News

Elon Musk, Tesla, and Spacex are being sued over claims that they are engaged in a dogecoin "crypto pyramid scheme (aka Ponzi scheme)."

news.bitcoin.com

Not surprised.

Crazy lawsuit ($258bn) but hey if you don't defend yourself in court, no matter how frivolous the case, you could end up with a default judgement in US court for the amount asked for by plaintiff .