Are you really trying to tell us that for TSLA, a 1.5 billion purchase of BTC represents 1% of their cash? This would mean that TSLA has 150 billion in cash? Imagine how poor apple must be feeling with only 200 billion of cash, just a little more than supposedly TSLA. https://www.cnbc.com/2020/10/29/apple-q4-cash-hoard-heres-how-much-apple-has-on-hand.html#:~:text=Apple now has $191.83 billion cash on hand, according to,reported $193.8 billion in cash. I feel the need to quote this part: And this one: According to this attachment, TSLA had 19 billion in cash and cash equivalents at the end of 2020.
Its 8% of their cash - i didnt remember correctly. https://www.inc.com/jason-aten/tesla-just-bought-15-billion-in-bitcoin-it-could-mean-end-of-tesla.html#:~:text=That's saying a lot.,price soaring, approaching $50,000 each. Either way, its not a fuckin gamble - which was the point of the post, not the exact percentage amount of said investment. Some of you morons (that means you) need to learn what the overarching point is instead of trying to look smart by being pedantic. Fuckin idiot. Now, if i said 1% and it came to a figure like 25%+, then ya id be an idiot and not know what im talking about. But I didnt - because guess what, I know what im talking about, so stfu because your post is literally useless. ETA: And btw, nice edit from 1.9 billion to the correct price of 19billion. Practice what you preach you sorry sack of shit.
Nothing but hype this market has become. The news of this $1.5 billion in bitcoin buying is once again more unicorn shenanigans...bitcoin will never be an absolute form of payment. The volatility alone isn't worth holding it. It's only gaining major attention because of the high valuation it has obtained in the last 12 months. There wouldn't be any $1.5 billion purchase of bitcoin if it were trading under $10,000. And now that markets keep closing at historical highs it seems every single asset class including magical unicorn bitcoin can keep flying higher. The upward trajectory of all asset classes will have a day of reckoning.
You a billionaire like Elon Mush? No? Fuck off. No one cares about your opinions. Elon can do whatever he wants with TSLA.
you wut? The company plans to spend $2.5 billion in 2021 and 2022, mostly on new factories and expansion. It said it had $14.5 billion in cash on hand in September, more than twice what it had at the start of the year.