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This is pretty interesting, either they did a proper research before putting 1.5B$ into it, in which case they would already be aware of the energy consumption,
by rawtxapp 5y ago
This is pretty interesting, either they did a proper research before putting 1.5B$ into it, in which case they would already be aware of the energy consumption, in which case, why announce this now? Or they put that much money without proper research which looks pretty bad for Tesla in my opinion.
- paulpauper 5y agoYeah, I think that is just the excuse, not the actual reason. How could he not know about this already?
- lolthishuman 5y agoThere’s more than those two you know…
- SomewhatLikely 5y agoIs it possible the bitcoin position was a hedge against chip prices? One would expect the two prices to be correlated. Price of bitcoin goes up -> more miners buy chips. I don't know, their bitcoin position otherwise doesn't make sense to me.
- drexlspivey 5y agoMost likely they changed course due to media/public backlash criticizing them for BTCs energy usage.
- quickthrower2 5y agoI think market manipulation is most likely.