Tesla Invests $1.5B in Bitcoin

Lucky said:
Hopefully one day he will spend that on silver bullion
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musk is surely hoarding silver for his solar panel company along with battery raw materials and semiconductors for his EV company.

look at platinum price, the way it is going up is like something bad is about to happen, looks like people are hoarding and preparing for something big ;)
 
If Musk want's electric cars to succeed he better start investing in nuclear power. It seems the Chinese are the only ones that understands this.
 
It interesting to watch how the crypto markets react to anything Elon says or does.

Imagine if he issued his own crypto currency...the "MUSK"......for whatever reason....demand would be HUGE just cos it's Musk.

upload_2021-2-9_18-48-53.png
 
Lucky said:
Hopefully one day he will spend that on silver bullion
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...there was a mention of gold ;)

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leo25 said:
If Musk want's electric cars to succeed he better start investing in nuclear power. It seems the Chinese are the only ones that understands this.
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building 1000 of nuclear power plants, need lots of yellow cakes
 
I'm going to put my tinfoil hat on... just for a minute.

Elon ... he's got a lot of faithful followers who'll follow his lead.

I wonder if there's any motive other than investing behind his move?

Price plateaus, Elon jumps in with a lazy 1.5B
Will it cause a buying frenzy?

Was their any basis to the claims Elon owned Bitcoin?
From Wikki
Sahil Gupta, former SpaceX employee, published a blog that Nakamoto may be Elon Musk. In a tweet dated 28 November 2017, Elon Musk denied he was Nakamoto.

Surely not ... ok I'll remove my tinfoil hat now
 
Oddjob said:
It interesting to watch how the crypto markets react to anything Elon says or does.

Imagine if he issued his own crypto currency...the "MUSK"......for whatever reason....demand would be HUGE just cos it's Musk.

View attachment 51135
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Mate you were on to something. CoinMarketCap have just listed the Model3 (Tesla) coin lol.
 
LiverBird said:
Mate you were on to something. CoinMarketCap have just listed the Model3 (Tesla) coin lol.
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Great .... another boat I'm going to miss, last time I looked at digital coins I was stumped at the digital wallet part. I bet it goes crazy too.
Screenshot_20210209-195810_DuckDuckGo.jpg
 
leo25 said:
If Musk want's electric cars to succeed he better start investing in nuclear power. It seems the Chinese are the only ones that understands this.
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The trouble is it will take 10 years to build and by then we’ll be using hydrogen from NG instead.
 
This is all I see mentioned in the annual report:

In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity. As part of the policy, we may invest a portion of such cash in certain specified alternative reserve assets. Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt.
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https://www.sec.gov/ix?doc=/Archive....htm#ITEM_5_MARKET_FOR_REGISTRANTS_COMMON_EQU

No mention of any of those other asset classes, I lifted that from the last paragraph of page 33.

I'm calling BS on the bit about Tesla opening the doors to gold.
 
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