Topic: How bitcoin is fueling Tesla with Elon Musk $1b in profit (Read 232 times)

Elon can assign anything as long as the board members on Tesla is going to approve what he is proposing, CEO is not entitled because you own the company, the title is bestowed on people that are chosen by the board as the one that is most capable to manage the company.

  I have seen a lot of publications, that are posting somewhat misleading headlines, (naturally its click bait) But over all the main topic seems to be that Elon Musk made a mistake or here is a good one, Elon Musk purchase of 1.5 Billion in Bitcoin has tied Tesla to bitcoin?  Those are just meant to create curiosity about how it might have been a mistake for Elon to buy bitcoin.

The real truth is that regardless of IF buying the bitcoin was good or bad for Tesla; Trading BTC would be so much easier for a big account like that and indeed reports are leaking out that he may have already leveraged up to one billion BTC, (were talking profit) So the idea that it was a bad idea and that Tesla would suffer for it in the future is ignorant.

It is far more likely that he will make fore more money than he ever loses.

I believe that a lot of these big Banks are kicking themselves for missing out on this only to have to buy in late.

     You know what, Elon Musk, despite of how lots of people make fun of him and his memes, is still one of my greatest over all idols in the whole world in all industries, businesses, etc. This is because I like the way he thinks outside of the box, and how he manages risks and rewards very well. Plus all of his contributions to the modern world. I mean, just look at all his projects. They all are clearly connected to each other and most of them are all successful. whatever he has now, he truly deserves.

Not sure what you mean, but CEOs or majority shareholders don't have the "entitlement of assigning the networth" of any business. The percentage of a company entitled to them is only dependent on how many shares they own. They cant magically increase their holdings at their own will(besides buying and/or earning the shares).

Indeed, this is a bit of a misunderstanding that the public knows because what they know is that Elon Mush is the owner of all his money from Tesla, even though it's not true.
Elon is just creating hype on the so-called coin so it is pulling a lot of pumping up from the rest so I think whatever Elon Musk does to the tweets is not impossible to increase the hype for them to become a huge profit, we know his influence in crypto is huge in terms of tweets especially when writing about bitcoin.
In fact, I also heard from my area that Tesla is now interested in domestic investment to upgrade its electric cars.

Papa Elon always think the future  

The Elon Musk twitter is do the hardwork one tweet can be spark of fire   just like the WallStreetBet

Sayng that Elon Musk owns Tesla 100% is a big slap to other investors and stakeholders of the electric car company. But he is the face of Tesla, and any publicized move or statement by him largely affects the company's image. The $1.5B bitcoin purchase surely made rounds online, and I know for a fact Elon himself is one of the largest proponents of this move. It might not be his money 100% but he surely helped close the purchase.

Correct, Elon owns 21% of Tesla, so not necessarily his money that they bought bitcoin with $1.5 billion. He still needs to answer to the board and it needs to be 100% approved before they can purchase. Although Tesla might have set the precedent for other Fortune top 100 companies to dig into bitcoin and explore the possibility of hedging their balance sheet into this asset.

it is true, that the potential of bitcoin is still not full, because the numbers are still scattered and awaiting more encouraging adoption. the peak end of its growth will be seen when the scattered supply has accumulated. so while the potential can still be exploited, then I will continue to own bitcoin at this time. we can still take part that will benefit in the future. Regarding Elon, I think he can still add pressure to give bitcoin a fresh breeze. he has had quite an impact this year. then that way we can still have a spare seat in the future.

Elon musk been the CEO of Tesla although not a 100% stake holder of the company has the entitlement of assigning the networth of Tesla to his name although he might not have the legal right to make person transactions with the assets but still have that benefit of assigning the companies net worth to his name

It's a simple business tricks.After the investment of testla both the world come to know about bitcoin.Most of the margin traders had invested their long term holding in bitcoin and tried to earn profit.But it actually helped the long term holders and make some people to became a millionaire.Again the price was reducing and make a think about further investment .

Quite a common misconception: Elon Musk doesn't own the $1.5 billion worth of bitcoin, because it was bought through Tesla's balance sheet, not necessarily Elon's bank money. Also taking note that Elon Musk only owns a chunk of Tesla, and not 100% of it because it's a public company where people worldwide invest in it.

Tesla Ceo Elon Musk having over thrown amazon CEO
Jeff Besos the second time as the world richest with net worth of over $199.9 and taking brilliant decisions by investing in bitcoin outside his electric car innovations. This is tremendously adding value to the crypto space and making bitcoin appreciate faster than we can ever imagine.

Elon musk whom I might tag a chief stakeholder of bitcoin worth $1.5 billion making him to a large extent a key player and determinant to what ever value bitcoin would appreciate or depreciate to in the nearest future.

So, it’s now clear how the Elon Musk became the world richest man by not focusing on the sales of electric calls a lone but then looking for opportunities in the crypto field #bitcoin. The rest of the world businesses has been definitive and focused on investment through a single investment platform which has become an established field already with limiting profit on their capital investment. Musk is way above that, as he is futuristic about his plans, taking into consideration the problems of the world, exploit its crannies in order to profound solution. What an opportunist should do.

First it’s the problem of fussil fuel and emissions resulting to a global warming and climate change of which the electric calls have come in to resolve and he’s already the richest man in the world with yet his electric calls to be widely used around the globe and just now, he’s spotted another underlying opportunity in bitcoin.


Tracking and UtIlizing opportunities
The world has been about a global currency not tied to boundaries and operating a cashless policy and to our amazement, Musk has been able to make $1 billion from his capital investment of $1.5 billion in few months and Tesla is about to make more money from its Bitcoin investments than profits from selling its electric vehicle cars in all of 2020, an analyst at Wedbush Securities said. Bitcoin has experienced a parabolic surge within 7 months when the whole bullrun of 2020 seemed to have started after a previous decline following the pandemic and Tesla is on a trajectory to gain more from the moves in the bitcoin market as Elon Musk now stands as one element that could influence the direction of the market and still makes profit from it. On this note, its most likely that Tesla’s moves is likely to affect other public companies who would love to benefit from this Tesla’s initiative. “While the Bitcoin investment is a side show for Tesla, it’s clearly been a good initial investment and a trend we expect could have a ripple impact for other public companies over the next 12 to 18 months” according to Ive, an American reporter.

So, its only natural for we to be expecting more and more ATH buys and surges in the bitcoin market because, Tesla and Elon Musk isn’t done with bitcoin coupled with the possibility of having more bitcoin investors in the likes of public companies and individuals alike. Though, this surges would create some discrepancies in the mind of the government and as such would tend to influence the trend but still, bitcoin would continue to rise.
With the growth potential still in bitcoin and governments of the world still yet to approve of its idea and incorporate it into the system that governs the world, it only implies that bitcoin hasn't reach its full potent and as such, its wise to invest in bitcoin.

Don't take this as an investment advise as it goes both ends.

Still, i'll lieke us to buy bitcoin now and be a part of the new world.
Source: https://cointelegraph.com/news/tesla-made-1b-profit-on-its-bitcoin-buy-says-analyst