From the beginning, I was trying to understand his game and why he got into Bitcoin in the first place.
Musk has a very long file of tweets moving the price of Tesla since 2018. He (ab)uses his Twitter power to push prices.
His Bitcoin adventure though wasn't seen very positively by Tesla investors.
The YTD $TSLA chart is the reason for every tweet made by Musk. Tesla is down from ATH by a huge percentage and investors are not quite happy with that.
This is not just $1,5 billion but hundreds of billions.
He doesn't tweet to crash BTC, he doesn't care about Bitcoin, he only cares about his companies. He tried what was a trick to gain more popularity and entered the crypto world, but things didn't turn out as he expected, because many traditional investors dumped $TSLA for this reason.
The worst part is that Bitcoin is left now with Musk manipulating price, just for the shake of the price of $TSLA. I hope this resolves quickly and Musk loses his influence, but this will require giving a lot less attention to individuals trying to gain attention.