@leea-1334. Tesla’s average purchase price for their investment in bitcoin is $34,200 according to this article. How much lower will bitcoin need to dump before Tesla’s share holders and board of directors begin to pressure Elon and the company to test the market’s liquidity again? It also appears Elon is being careful on twitter hehehe.
Estimates have suggested that Tesla bought its $1.5 billion BTC stash at an average price of $34,200 a coin.
Source https://coinmarketcap.com/alexandria/article/revealed-how-much-profit-tesla-has-made-after-buying-bitcoin
Topic: I speculate Tesla has sold their coins - page 3. (Read 1062 times)
People keep forgetting these companies are not run by one or two people anymore but a whole board of directors,,, each with their own advisors.
I would sincerely argue that Tesla is mostly run by Elon Musk. He does have all kinds of personnel, that is beyond doubt, but he has unlimited influence and power within the company. He also holds an usual high amount of shares at that stage and valuation of a company as he never sold any, at least he claimed that, but instead bought even more. I think for Tesla it is the case that it is mostly about Musk. Not only in public, but in reality. You do not need to argue, you just need to look at the facts from https://www.investopedia.com/articles/insights/052616/top-4-tesla-shareholders-tsla.asp
1. He did not found Tesla.
2. Yes, he leads it, but he does not have unlimited power/influence
3. He has over 20% total stock but that is not even 1/5 and nowhere close to simple majority.
4. His salary even is approved by BoD.
People keep forgetting these companies are not run by one or two people anymore but a whole board of directors,,, each with their own advisors.
These days you have to see and table proposals,,, then take it to vote,,, and then fight with those who disagree. And then you have to get legal advice on whether what you do is called manipulation.
This did not happen.
I forgot about this and you are right, there is a board that will have to decide on what to do next in terms of decision. I think it will be difficult for Tesla to do the decision of selling bitcoin because they won't get a lot out of it if they sold right now.These days you have to see and table proposals,,, then take it to vote,,, and then fight with those who disagree. And then you have to get legal advice on whether what you do is called manipulation.
This did not happen.
People keep forgetting these companies are not run by one or two people anymore but a whole board of directors,,, each with their own advisors.
These days you have to see and table proposals,,, then take it to vote,,, and then fight with those who disagree. And then you have to get legal advice on whether what you do is called manipulation.
This did not happen.
I forgot about this and you are right, there is a board that will have to decide on what to do next in terms of decision. I think it will be difficult for Tesla to do the decision of selling bitcoin because they won't get a lot out of it if they sold right now. These days you have to see and table proposals,,, then take it to vote,,, and then fight with those who disagree. And then you have to get legal advice on whether what you do is called manipulation.
This did not happen.
That should be the plan, even big companies who are purchasing bitcoin, people should not view it as if they will hold longer as we did. it's a company, they are in a business and as much as possible they would not take a high-risk asset in their account, so instead of holding it for the long term, they can just sell it for easy profit then buy at dip when they see an opportunity, it's very simple for them as they can affect the market due to their influence being a whale.
People keep forgetting these companies are not run by one or two people anymore but a whole board of directors,,, each with their own advisors.
These days you have to see and table proposals,,, then take it to vote,,, and then fight with those who disagree. And then you have to get legal advice on whether what you do is called manipulation.
This did not happen.
I would sincerely argue that Tesla is mostly run by Elon Musk. He does have all kinds of personnel, that is beyond doubt, but he has unlimited influence and power within the company. He also holds an usual high amount of shares at that stage and valuation of a company as he never sold any, at least he claimed that, but instead bought even more. I think for Tesla it is the case that it is mostly about Musk. Not only in public, but in reality.
That should be the plan, even big companies who are purchasing bitcoin, people should not view it as if they will hold longer as we did. it's a company, they are in a business and as much as possible they would not take a high-risk asset in their account, so instead of holding it for the long term, they can just sell it for easy profit then buy at dip when they see an opportunity, it's very simple for them as they can affect the market due to their influence being a whale.
People keep forgetting these companies are not run by one or two people anymore but a whole board of directors,,, each with their own advisors.
These days you have to see and table proposals,,, then take it to vote,,, and then fight with those who disagree. And then you have to get legal advice on whether what you do is called manipulation.
This did not happen.
Elon has clarify that speculation several hours ago if TESLA hasn't sold any bitcoin. Case closed.
I don't think the case is closed. No one can prove what he said is true. Personally, I don't trust him and what he said can be another trap.He isn't a stupid holder that wants to risk his investment by spreading FUDs about it. He can have the purpose to buy again at a cheaper price by spreading FUDs, but it is not the style of an expert like Elon Musk. As he is an experienced man in the investment field, I am sure he will choose the safest way to treat their crypto-asset if he and Tesla are still holding it.
They could've probably done it but I think they bought around this price point so I don't think that there is a possibility that they have already sold their bitcoins. Plus, we would feel it in the market when they have sold everything that they currently hodl, I am sure of that because we also felt the increase when they bought those bitcoins.
No one knows what actually happened other than Elon Musk and other Tesla shareholders. But most likely Tesla has already sold the Bitcoin it owns,
if we look at the price of Bitcoin now it has fallen quite far. I think it's also possible that Tesla has bought Bitcoin again, but not as much as Tesla has
bought before. Because the price of Bitcoin has still failed to pass the $40k price, it means that there are still some whales who haven't bought
Bitcoin yet. Since a company as big as Tesla won't be rushing to buy Bitcoin in large quantities anymore, they want to see the Bitcoin price movement first.
I doubt that tesla bought again since so far Elon still fudding bitcoin and I'm sure he will not do that if he hold bitcoins at this moment so expect that there are fuds coming since Musk loves to manipulate the market. So make sure that you will not hype and be prepared for the next action.
and will buy it when the decline occurs, it does seem forced, but this seems to be real.
Given that there’s a possibility that Tesla might have purchased their coins @ $35k or above, they could have sold a bunch of their $1b bitcoin holding right even before the big crash. They could even be the culprit of that crash if anything. There’s really no point on Elon continuously tweeting about bitcoin in a somewhat negative way if they still hold a bunch of it on their own. They have no plans of holding the bag, they just took an easy payday and is now done with it. I wouldn’t be surprised if they mention this on their reports in the future.
That should be the plan, even big companies who are purchasing bitcoin, people should not view it as if they will hold longer as we did. it's a company, they are in a business and as much as possible they would not take a high-risk asset in their account, so instead of holding it for the long term, they can just sell it for easy profit then buy at dip when they see an opportunity, it's very simple for them as they can affect the market due to their influence being a whale.
Given that there’s a possibility that Tesla might have purchased their coins @ $35k or above, they could have sold a bunch of their $1b bitcoin holding right even before the big crash. They could even be the culprit of that crash if anything. There’s really no point on Elon continuously tweeting about bitcoin in a somewhat negative way if they still hold a bunch of it on their own. They have no plans of holding the bag, they just took an easy payday and is now done with it. I wouldn’t be surprised if they mention this on their reports in the future.
I don't think he can legally post or even hint that Tesla sold their holdings until their earnings conference call.
I am not an expert, but was he allowed then to post the "diamond hands" tweet and those tweets where he ensures that Tesla will not sell? He even mentioned the company name in it, so it's worse than yesterday's tweet where he could also refer to private Bitcoin holdings he sold.The big question is if there is any intentionality in these tweets, or if he is only doing some irrelevant personal commentary. Due to these tweets having a slight negative component it's possible that they aim to preserve the insecurity in market sentiment, with the idea to trigger a break of the triangle to the downside and achieving values of sub-30K (which could be good new entry points if he or Tesla sold).
Musk could even be trying to test his "market manipulation power", which still seems to be significant (I'm pretty sure that the $1000 dump following the tweet was a reaction to it, because timing was extremely close) but declining.
Anyway, I hope the attention Musk gets for these tweets is lowering further, because a decrease in this kind of unforeseeable volatility should be in the interest of Bitcoin supporters, more so of those who think that Bitcoin can be more than just a high-risk speculative asset.
Quote
If he said he sold everything, one would assume that they sold it at a profit since a few weeks back he tweeted that they still were holding it. So assuming they bought at $32K and some at >$35K or so, it shows you how much new cash they rasied. Not much only 10% but from $1.5B its over $150,000,000 in profit for them.
True, and we don't know if Tesla didn't achieve sub-30K entry prices in December/January, then the profit would be even more remarkable. 
They could've probably done it but I think they bought around this price point so I don't think that there is a possibility that they have already sold their bitcoins. Plus, we would feel it in the market when they have sold everything that they currently hodl, I am sure of that because we also felt the increase when they bought those bitcoins.
No one knows what actually happened other than Elon Musk and other Tesla shareholders. But most likely Tesla has already sold the Bitcoin it owns,
if we look at the price of Bitcoin now it has fallen quite far. I think it's also possible that Tesla has bought Bitcoin again, but not as much as Tesla has
bought before. Because the price of Bitcoin has still failed to pass the $40k price, it means that there are still some whales who haven't bought
Bitcoin yet. Since a company as big as Tesla won't be rushing to buy Bitcoin in large quantities anymore, they want to see the Bitcoin price movement first.
I doubt that tesla bought again since so far Elon still fudding bitcoin and I'm sure he will not do that if he hold bitcoins at this moment so expect that there are fuds coming since Musk loves to manipulate the market. So make sure that you will not hype and be prepared for the next action.
They could've probably done it but I think they bought around this price point so I don't think that there is a possibility that they have already sold their bitcoins. Plus, we would feel it in the market when they have sold everything that they currently hodl, I am sure of that because we also felt the increase when they bought those bitcoins.
No one knows what actually happened other than Elon Musk and other Tesla shareholders. But most likely Tesla has already sold the Bitcoin it owns,
if we look at the price of Bitcoin now it has fallen quite far. I think it's also possible that Tesla has bought Bitcoin again, but not as much as Tesla has
bought before. Because the price of Bitcoin has still failed to pass the $40k price, it means that there are still some whales who haven't bought
Bitcoin yet. Since a company as big as Tesla won't be rushing to buy Bitcoin in large quantities anymore, they want to see the Bitcoin price movement first.
Despite their statement of declaration that Tesla will not sell their coins held, I speculate that they might have sold it days later. Elon appears to be behaving similar to the average cryptocoin trader in the forum after dumping hehehe.
Also, why would Elon continue to risk $1 billion of shareholder’s money by destroying Tesla’s own investment in bitcoin? Tesla might not be holding bitcoin anymore!
Also, why would Elon continue to risk $1 billion of shareholder’s money by destroying Tesla’s own investment in bitcoin? Tesla might not be holding bitcoin anymore!
Probably there's a manipulation that had happened, we really don't what's the bottom line of everything that made it worst once Elon twitt badly. It made our day more stressing, so what's important for us is to develop self confidence, because this might be a trap then one day price would burst out again.
This is now a battle of emotions, so there's no room for us to be tricked by just speculative ideas came from anonymous groups.
They could've probably done it but I think they bought around this price point so I don't think that there is a possibility that they have already sold their bitcoins. Plus, we would feel it in the market when they have sold everything that they currently hodl, I am sure of that because we also felt the increase when they bought those bitcoins.
I don't think he can legally post or even hint that Tesla sold their holdings until their earnings conference call. There is no regulation to how it affects the crypto prices because these are mostly unregulated however its affect the price of Tesla stock.
If he said he sold everything, one would assume that they sold it at a profit since a few weeks back he tweeted that they still were holding it. So assuming they bought at $32K and some at >$35K or so, it shows you how much new cash they rasied. Not much only 10% but from $1.5B its over $150,000,000 in profit for them.
He really posts weird tweets from time to time. I don't understand it either.
If he said he sold everything, one would assume that they sold it at a profit since a few weeks back he tweeted that they still were holding it. So assuming they bought at $32K and some at >$35K or so, it shows you how much new cash they rasied. Not much only 10% but from $1.5B its over $150,000,000 in profit for them.
He really posts weird tweets from time to time. I don't understand it either.
He has been doing things like a random boss thinking he owns everything, and he forgets he is not the actual decision maker or at least not alone in his company. Typical guy with huge ego,,, and wants to remind everyone how powerful he is. Hope he gets sued by his own company for dropping all these nonsense hints:P
Elon Musk's recent tweets could give us a hint that he (or Tesla) has sold.
https://twitter.com/elonmusk/status/1400620080090730501
https://twitter.com/elonmusk/status/1400645833150840835
If this is true, this is probably bullish, even if the first market reaction was a $1xxx drop, but I would have expected a deeper one.
On the other hand: if he sold, why should he post that openly on Twitter? Would only make sense if he wanted to enter it again. So maybe he's only having some fun.
https://twitter.com/elonmusk/status/1400620080090730501
https://twitter.com/elonmusk/status/1400645833150840835
If this is true, this is probably bullish, even if the first market reaction was a $1xxx drop, but I would have expected a deeper one.
On the other hand: if he sold, why should he post that openly on Twitter? Would only make sense if he wanted to enter it again. So maybe he's only having some fun.
I am skeptical if those tweets were really the source of the market dump. I would speculate it more on the anticipation that Beijing might announce unfavorable policy changes on mining and the cryptospace on Friday afternoon.
I don't think he can legally post or even hint that Tesla sold their holdings until their earnings conference call. There is no regulation to how it affects the crypto prices because these are mostly unregulated however its affect the price of Tesla stock.
If he said he sold everything, one would assume that they sold it at a profit since a few weeks back he tweeted that they still were holding it. So assuming they bought at $32K and some at >$35K or so, it shows you how much new cash they rasied. Not much only 10% but from $1.5B its over $150,000,000 in profit for them.
He really posts weird tweets from time to time. I don't understand it either.
If he said he sold everything, one would assume that they sold it at a profit since a few weeks back he tweeted that they still were holding it. So assuming they bought at $32K and some at >$35K or so, it shows you how much new cash they rasied. Not much only 10% but from $1.5B its over $150,000,000 in profit for them.
He really posts weird tweets from time to time. I don't understand it either.
Elon Musk's recent tweets could give us a hint that he (or Tesla) has sold.
https://twitter.com/elonmusk/status/1400620080090730501
https://twitter.com/elonmusk/status/1400645833150840835
If this is true, this is probably bullish, even if the first market reaction was a $1xxx drop, but I would have expected a deeper one.
On the other hand: if he sold, why should he post that openly on Twitter? Would only make sense if he wanted to enter it again. So maybe he's only having some fun.
https://twitter.com/elonmusk/status/1400620080090730501
https://twitter.com/elonmusk/status/1400645833150840835
If this is true, this is probably bullish, even if the first market reaction was a $1xxx drop, but I would have expected a deeper one.
On the other hand: if he sold, why should he post that openly on Twitter? Would only make sense if he wanted to enter it again. So maybe he's only having some fun.
You can be sure because a holding of this size is disclosable information. TSLA is a listed company billions in size they follow fairly strict rules on open disclosure of what their actions and holdings are, its how you get all the articles on Warren Buffet doing this or that because every quarter he has an obligation to report openly large movements in publicly traded assets. I get BTC is not a central register in that way but TSLA itself would be required to report such a large movement of cash and obviously its been used for this purpose.
Elon has got in trouble before for random tweets about his own stock, he isnt allowed to do that as it can easily move the share price. He can post doge memes or whatever he likes as that asset is not directly under his control and that market is not regulated in USA, its still seen as some bad taste to have a large influence like that but public speech allows it I guess.
Indeed. A movement of such huge amount cannot be done without attracting the attention of everyone following stocks and related information especially that Tesla already declared how much it has in its possession.Elon has got in trouble before for random tweets about his own stock, he isnt allowed to do that as it can easily move the share price. He can post doge memes or whatever he likes as that asset is not directly under his control and that market is not regulated in USA, its still seen as some bad taste to have a large influence like that but public speech allows it I guess.
I doubt Musk is not holding yet Doge, directly or indirectly, he just didn't announce yet how much he holds and where.
Jump to: