Topic: How many bitcoins did Tesla earn from selling cars? (Read 344 times)
I highly doubt that they sold more cars than you could count on the fingers of one hand. It's pretty doubtful that Elon Musk was genuinely interested in receiving Bitcoin as a payment method, to me, it just looked like he simply wanted publicity and was also one of his ways to manipulate the market, suspecting that such incident would potentially spike prices.
We will never know the number of cars sold for Bitcoin. Such a huge companies does not share that kind of statistics usually. We can only know total amount of cars sold per year. Also, I dont think that a lot of car were even sold for Bitcoin. An option to buy Tesla with Bitcoin was just a strategic move do get more attention to Tesla inc. This is just marketing and Bitcoin was just an instrument in it. Just take a look for example how tesla.com popularity changes when Elon Musk announce something connected with Bitcoin and Tesla.
Probably not a lot or just right because it's not like everyone wants to buy their Tesla with a bitcoin that could possibly go up in value meaning that they might be overpaying for it or something. Also, it's none of our business how many bitcoins did they earn from selling Tesla.
Two months ago, Tesla announced that it accepts Bitcoin payments and since that time I haven't seen any analysis showing the number of successful transactions that have taken place or any story of a person buying a car using bitcoin.
Does anyone know how much coins Tesla got from accepting bitcoin?
I don't think they publicized their earnings in bitcoin since they are aware how much it can affect their company. Another reason could also be because Elon Musk later on removed it as a mode of payment and said that his main reason was because it was consuming too much fossil fuel. Lots of people weren't confused about his reason due to the fact that his company was already making too much damage from space explorations and experimentations of the cars. Now, many people are not being reliant on Elon's suggestion and the powers of his tweets are gone.Does anyone know how much coins Tesla got from accepting bitcoin?
They will not its private matters and they will provably not show theie address contain their assets also I didn't see any articles which state their all balance so I believe tjwy are truly hiding it at the public so that people doesn't have any basis to know if they are manipulating or not. Maybe its best for us to stop looking at this company as a basis since they are already expose that they are not helping bitcoins after all.
I think it will be just a small portion for the reason that many people will mostly prefer to keep their Bitcoin into possession because of its high potential to increase its value in a long run, in short people would prefer to use it as an asset rather than buying it with Bitcoin wherein they can just have bought it through fiat money. Maybe there will be some people that have clicked into the trend of Tesla allowing Bitcoin as a mode of payment but preferably people would choose cash than crypto having much more worth if you would just hold it rather than spending it for purchasing of cars.
Tesla is actually all against Bitcoins now. If you did hear the recent new you would have seen where they banned the usage of cryptocurrencies in their company. Which was actually sad.
Here is a quote:
Here is a quote:
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“Tesla will not be selling any Bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy. We are also looking at other cryptocurrencies that use <1% of Bitcoin’s energy/transaction.”
This statement is declarative, because you can't ban something that wasn't used as payment for a Tesla anyway. Elon Musk's tweet in which he said that Tesla can be bought for BTC was aimed primarily at hype around Tesla, which he owns. If there was at least one such sale of a car for BTC, Musk would definitely tell his subscribers about it.
Two months ago, Tesla announced that it accepts Bitcoin payments and since that time I haven't seen any analysis showing the number of successful transactions that have taken place or any story of a person buying a car using bitcoin.
Does anyone know how much coins Tesla got from accepting bitcoin?
I don't think they publicized their earnings in bitcoin since they are aware how much it can affect their company. Another reason could also be because Elon Musk later on removed it as a mode of payment and said that his main reason was because it was consuming too much fossil fuel. Lots of people weren't confused about his reason due to the fact that his company was already making too much damage from space explorations and experimentations of the cars. Now, many people are not being reliant on Elon's suggestion and the powers of his tweets are gone. Does anyone know how much coins Tesla got from accepting bitcoin?
There has been no official report from the Tesla company regarding transactions using bitcoin, it seems that there are still few people who make purchase transactions using bitcoin maybe because most people become bitcoin as an investment, and to make transactions most people prefer to use fiat money rather than bitcoin,
Doubt it's still few people because they just refused to accept btc anymore, and instead accepting doge.I think the fact that they haven't published any report so far means the numbers of people who made purchase is actually quite low it's not worth the publication
Same thing happened to when they start accepting doge, no report so far until now, tbh I doubt the number even reaches 3 people a month, it's gonna be a lot lower than that.
There has been no official report from the Tesla company regarding transactions using bitcoin, it seems that there are still few people who make purchase transactions using bitcoin maybe because most people become bitcoin as an investment, and to make transactions most people prefer to use fiat money rather than bitcoin,
That's possible to expect some annual report about their income, but I am not sure if they would make it public to people. But in the other side if there are only one public wallet which they got bitcoin deposits I think we could manage to find it with proper research, I dont think somebody of us bought tesla throught their website if so they maybe would share their bitcoin public address, so we could have more information how much tokens they gained through that period when thye started accepting
From the bitcoin supporters point of view, this is a roller coaster ride. Most would start to call Musk bad for doing this organized pump and dump.
Note that if what you say is true, Elon Musk must have violated some SEC rules about market manipulation, since I believe they classify bitcoin as an asset. Did not find anything else in the search, I take investopedia to be a decent source for getting educational information for newbie traders so we have to go with the above for now.
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If Musk really did do all of this (the hyping, the buying, and then the selling), then I can't see how that's any different than doing the same thing in the stock market. Makes me wonder if anyone in the government is paying attention to this situation.
Makes the whole ball game different when we talk about stocks. I dont think SEC is going to turn a blind eye to all the attention. Of course they will investigate but whether they will take action or not is a different thing.Reasons why even influential people manipulate the stock market at a much lesser degree.
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Now as far as how many cars Tesla sold for bitcoin, it's surprising that they wouldn't release those numbers anywhere--I'd think that that information would be at least part of their annual report, though I don't know if that's been published yet. Are there any Tesla stock nuts here who might have read their filings? That's where the answer to this question would lie if Musk didn't blab it to the media, and apparently he didn't.
Crypto and its tax filings are another grey area. Lack of regulation makes it even more a possibility that they will not show it completely. Of course the company owns a lot of money and hence they can use their money to bribe officials. Nothing new to this.Bottom line remains same, do not blindly follow celebs. They will lead you to a trap and take your money.
Elon Musk fooled a lot of Bitcoin users. When he first stated that Tesla would accept Bitcoin, there was a lot of hype (even here, in this forum) and a number of people were saying that they would purchase Tesla with their coins. But once the hype settled down and he received the initial orders, Elon changed his stance. Those who gave orders for Tesla, to show their support feel cheated. But this is how business works. The lesson here is to think twice before spending any of your hard earned coins.
From the bitcoin supporters point of view, this is a roller coaster ride. Most would start to call Musk bad for doing this organized pump and dump.
Note that if what you say is true, Elon Musk must have violated some SEC rules about market manipulation, since I believe they classify bitcoin as an asset. If Musk really did do all of this (the hyping, the buying, and then the selling), then I can't see how that's any different than doing the same thing in the stock market. Makes me wonder if anyone in the government is paying attention to this situation.Now as far as how many cars Tesla sold for bitcoin, it's surprising that they wouldn't release those numbers anywhere--I'd think that that information would be at least part of their annual report, though I don't know if that's been published yet. Are there any Tesla stock nuts here who might have read their filings? That's where the answer to this question would lie if Musk didn't blab it to the media, and apparently he didn't.
Edit:
there are early companies that accept bitcoin but i havent seen them release a data . i guess its more of a private thing ? but for the people that buys a car using btc , they are only humble to not brag .
Actually, it's not quite private. All publicly traded companies are required to file a financial report to the SEC. As of now, they presented the data regarding earnings and losses through sales of Bitcoin. Quote
During the three months ended March 31, 2021, we realized gains of $128 million through sales of bitcoin and also recorded $27 million of impairment losses.
Source: https://www.sec.gov/Archives/edgar/data/1318605/000095017021000046/tsla-20210331.htm#financial_statementsHowever, I didn't find any data regarding car purchases in BTC, but it isn't private, that's for sure. They can't share the private data (e.g. names, addresses) of the customers, but the general info in numbers must be there somewhere.
there are early companies that accept bitcoin but i havent seen them release a data . i guess its more of a private thing ? but for the people that buys a car using btc , they are only humble to not brag .
we dont know how much btc telsla have unless if they will show it to us but my guess is they have less btc because btc value is too expensive and last time you only need 1 btc to buy a tesla and it wasnt too long after tesla accept btc but they cancel it .
we dont know how much btc telsla have unless if they will show it to us but my guess is they have less btc because btc value is too expensive and last time you only need 1 btc to buy a tesla and it wasnt too long after tesla accept btc but they cancel it .
Two months ago, Tesla announced that it accepts Bitcoin payments and since that time I haven't seen any analysis showing the number of successful transactions that have taken place or any story of a person buying a car using bitcoin.
Does anyone know how much coins Tesla got from accepting bitcoin?
I believe there won't be any figures given. I think it's just an added boost to Tesla's stock price growth after a disastrous slide. While, it's encouraging and exhilarating, I don't think Tesla is ever going to get any bitcoins, and the fact that Tesla stopped accepting bitcoins is proof of that failure. Even Elon admits to selling off his bitcoins, which says it all is a well-intentioned conspiracy. Does anyone know how much coins Tesla got from accepting bitcoin?
Two months ago, Tesla announced that it accepts Bitcoin payments and since that time I haven't seen any analysis showing the number of successful transactions that have taken place or any story of a person buying a car using bitcoin.
Does anyone know how much coins Tesla got from accepting bitcoin?
Does anyone know how much coins Tesla got from accepting bitcoin?
Probably close to zero.Spending Bitcoins during a bull market was a dumb move.Nobody is that stupid.
I actually doubt that Tesla allowed BTC payments for their cars.This was just an idea,that was used to pump the Bitcoin price.I'm not sure that Elon Musk was sincere about accepting BTC payments.
Maybe it was just a pump&dump,organized by Musk,or maybe the government told him to cancel this idea,because Tesla might not get any regulatory credits.
I think few people buy Tesla electric cars with Bitcoin because in three months surely Tesla will only make a small amount of money.
Many Bitcoin owners don't buy cars with Bitcoin and don't buy Tesla cars.
Tesla's electric car product is just one of the hundreds of car options
I didn't know that they sell other things besides cars, what are these things that you say are being sold by Tesla? I do have the same hunch that not a lot of people have bought Tesla using bitcoin and if that were true, that might be one of the reason why they suspended the option of buying a car using bitcoin. Many Bitcoin owners don't buy cars with Bitcoin and don't buy Tesla cars.
Tesla's electric car product is just one of the hundreds of car options
Just a few days ago I said he is a hypocrite, your words reminded me of that, in my opinion, he is doing organized pump and dumps, and on another side, he is acting like a nice guy! Can't be both! I just said it with different words!
A celeb always covers up what they are doing in the background. Point is that they have a cult following which is always a bad thing in a democracy. They can use their influence to play with people and their money and this is what I do not like. Social media influencers and spiritual "gurus" are also doing a similar brainwashing to make people do what they want to do.You can never calculate the amount of bitcoins someone bought because it is pseudo-anonymous. I doubt they were in it for developing the tech or boosting the price organically.
What I said previously in some of my posts, when other celebs promoted coins still holds true : Celebs have ulterior motives usually profit. Some of them have ended up in jail.
The Musk hype needs to stop now. One day they are promoting Dogecoin and the next day they start allowing bitcoin payments for their products and finally say that Bitcoin mining is not energy efficient and then watching the same market crash.
From the bitcoin supporters point of view, this is a roller coaster ride. Most would start to call Musk bad for doing this organized pump and dump.
As a trader, these are opportunities though. If you would have followed Musk and sold when he said to pump, you would be in a profit already. I think this is what people should do. Since the next big step in crypto would be the government gradually allowing bitcoin to be traded, before that make sure your stock of bitcoin is a one to boast of. That is also what Musk is doing.
From the bitcoin supporters point of view, this is a roller coaster ride. Most would start to call Musk bad for doing this organized pump and dump.
As a trader, these are opportunities though. If you would have followed Musk and sold when he said to pump, you would be in a profit already. I think this is what people should do. Since the next big step in crypto would be the government gradually allowing bitcoin to be traded, before that make sure your stock of bitcoin is a one to boast of. That is also what Musk is doing.
We can say that Musk is a very skillful hype creator! He has many followers and looks like every move he makes creates a lot of dust around! I agree that we should stop talking about him and his actions because I am starting to think that he is doing everything just to promote himself, and of course to earn a lot of money. Just a few days ago I said he is a hypocrite, your words reminded me of that, in my opinion, he is doing organized pump and dumps, and on another side, he is acting like a nice guy! Can't be both! I just said it with different words!
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