ELON sold his TSLA stock for $3.5billion. Will he re-buy BTC soon? - page 5.

mk4

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Quote from: coolcoinz on December 15, 2022, 11:15:28 AM

If the recession is really coming he's going to need some money to keep the factories running.
Maybe he's expecting his car sales to go down?

*snip*

Having enough dry powder to be able to completely run in a recession is Tesla's responsibility — the company as a whole(mostly their CFO). I doubt Elon Musk will even need to put in his own money to save the company if ever they mess up their financials.

cryptoaddictchie

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Is it bad on his side to sell his own stock of the company he own? Probably yes. This could trigger panic selling of others but what can we do? He may need the funds for running on business or other matter. For sure he will bought it back again when he have extra funds or the price plumetted after he sold his shares.

coolcoinz

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If the recession is really coming he's going to need some money to keep the factories running.
Maybe he's expecting his car sales to go down? Maybe he wants to invest more in his social media empire because I heard many people are leaving twitter because they don't want to work under Musk.
Musk was supposed to start a green bitcoin mining business but since BTC went into bear market we don't hear much about this idea anymore.

As for his dogecoin investment, I couldn't care less.

Eternad

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Quote from: janggernaut on December 14, 2022, 09:17:56 PM

What do you think? Is this time for BTC bullish again? Or Elon preventing from 2023 Global ressession by sold % of his TSLA stock?

Or... Will he buy dogecoin now?

NElon is not dumb to put his money on crypto that might serve as exit liquidity for other institutional investors that trapped on the peak. Also he still might have some crypto investment in his bag so putting that 3.5B is doubtful for a guy like him in time like this. Probably he will just re-invest it on different company since TSLA is already subjected with many negativity before then buy back later. Elon is known for selling off his stock before though.

Probably his action is purely toward global recession preparation or new investment opportunity for him since Tesla is just one of his company.

DaveF

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Doubt it, he is way overextended and needs the cash to keep twitter running and a bunch of other projects from running out of cash.

Sell stock -> get cash -> put cash into operations of businesses that are loosing money every day they are open.

It works till you run out of stock to sell, then it all implodes in a big mess.

Sometimes it works sometimes it does not.

I would not think it's that big a deal considering the amount of stock he has, BUT since it was sold at the lowest point of stock price YTD that either means that he really needs the cash OR he thinks the stock it going lower.

No way to know at the moment.

-Dave

ilovealtcoins

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Quote from: EarnOnVictor on December 15, 2022, 10:01:28 AM

Quote from: janggernaut on December 14, 2022, 09:17:56 PM

What do you think? Is this time for BTC bullish again? Or Elon preventing from 2023 Global ressession by sold % of his TSLA stock?

Or... Will he buy dogecoin now?

I think we are giving Elon Musk too many references, why not do things the way he likes? He is a lousy man, he would let everyone knows even before he purchases it, but I doubt he would do a thing like that soon, if not ever again. The way the guy behaves like a child has made me lose some relevance for him, so he should do whatever he likes.

He is never a good fan of Bitcoin, he only caught his cruise while BTC and Dogecoin were moving so well. Now that things are not the same, he turned his back and made his company do the same.

I don't know why you don't like him, but you're right, he doesn't love crypto like we do, he has way too much money to do other things and investing in bitcoin is only a small part of it for him. It's funny how many people constantly think that he has some sort of close connection to crypto, he is not the one who can make bitcoin go up.

rhomelmabini

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Elon Musk alone can't stop the global recession or it won't be stopped after all, the market will heal itself LOL. Maybe he's purchasing some parts for his rockets or fund it on his freedom of speech platform that he still censoring, we never know. The overall market sentiment is still bearish so he will not dive in yet to crypto for sure, he is only doing some buying spree when the market is in good condition.

EarnOnVictor

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Quote from: janggernaut on December 14, 2022, 09:17:56 PM

What do you think? Is this time for BTC bullish again? Or Elon preventing from 2023 Global ressession by sold % of his TSLA stock?

Or... Will he buy dogecoin now?

I think we are giving Elon Musk too much relevance, why not let him do things the way he likes? He is a lousy man, he would let everyone knows even before he purchases it, but I doubt he would do a thing like that soon, if not ever again. The way the guy behaves like a child has made me lose some respect for him, so he should do whatever he likes.

He is never a good fan of Bitcoin, he only caught the cruise while BTC and Dogecoin were moving so well. Now that things are not the same, he turned his back and made his company do the same.

Dave1

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Quote from: janggernaut on December 14, 2022, 09:17:56 PM

What do you think? Is this time for BTC bullish again? Or Elon preventing from 2023 Global ressession by sold % of his TSLA stock?

Not seeing any correlation between him selling his TSLA stocks bullish to bitcoin. Do you mean that the proceeds of his sell off will go directly to BTC? I doubt that this is in the mind of Elon now.

Quote from: janggernaut on December 14, 2022, 09:17:56 PM

Or... Will he buy dogecoin now?

Not sure either, most likely the sell off might go to his Twitter company.

mk4

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Quote from: janggernaut on December 14, 2022, 09:17:56 PM

What do you think? Is this time for BTC bullish again?

How is Elon selling TSLA stock bullish for bitcoin?

Quote from: janggernaut on December 14, 2022, 09:17:56 PM

Or Elon preventing from 2023 Global ressession by sold % of his TSLA stock?

Or better yet — how the heck is Elon selling TSLA stock going to prevent a global recession? LOL.

Quote from: janggernaut on December 14, 2022, 09:17:56 PM

Or... Will he buy dogecoin now?

Maybe, maybe not. I don't really care much.

janggernaut

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What do you think? Is this time for BTC bullish again? Or Elon preventing from 2023 Global ressession by sold % of his TSLA stock?

Or... Will he buy dogecoin now?

Topic: ELON sold his TSLA stock for $3.5billion. Will he re-buy BTC soon? - page 5. (Read 815 times)