BTC will soon be below $40,000 for good. It's time for Elon Musk to dump TSLA's BTC holdings and lock in profits. TSLA stock under pressure - another reason to sell BTC. I'm very confident this happens before the end of January 2022.
TSLA earnings Wednesday January 26. Due to the weakness in BTC and TSLA stock Musk will have to address the BTC holdings. This is when we find out the status of TSLA's BTC holdings.
Heads-up Tomorrow (Wednesday January 26) is TSLA's earnings. Will they mention TSLA's BTC holdings? ........I think so.
Holding BTC is a primary reason why the company is still so over-valued. If he sells it... I fear that will not end well for the stock. Good luck tomorrow guys, I hold no stake in this, just there for the show.
I don't think so miners stocks with thousands of bitcoins are falling heavy, if TSLA sold their bitcoin will be a good news for them and very bad news for bitcoin.
my 2 cents; if TSLA sold their bitcoin, both BTC and TSLA drop sharply because TSLA investors = BTC investors. conversely, if TSLA held their BTC, then both rally.
Obviously I have the 20/20 hindsight, but they should have. A highly volatile asset shouldn't just be held forever, there is a perfectly good logic in selling at highs and buying it back at lower prices. In the case of Tesla, selling with a huge profit helps a lot the company's shitty bottom line. Then once the quarter is over, BTC is lower, they can buy it back. Rinse and repeat. Tesla is not a carmaker, it is a brokerage/trading company.
Earnings came out, no mention of BTC, position stays the same. Why would one assume that Elon behaves like a trader with stop losses?
At the beginning of the year Tesla had 2 billion US in Bitcoin, according to their own filing with SEC. I have not heard of them selling anything and changing that.