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Tesla no longer accepts Bitcoin due to climate impact
- lwhi 5y agoI see this as market manipulation. Tesla hasn't suddenly become aware of information not available when Tesla initially announced they'd accept bitcoin as payment.
- Aqua 5y agoAbsolutely. If anyone believes this bs they're just enabling and encouraging musk to continue manipulating markets as he pleases. People will now start praising his decision but make no mistake, I don't know what was the real reason behind it but sure as hell it wasn't climate change and the way musk goes about releasing information that is moving markets is contemtable
- PurpleFoxy 5y agoI wonder if Bitcoin investors will start to work out what all those regulations they avoided were for.
- Isinlor 5y agoVery unlikely. For Bitcoin this is just another day. 10-20% drops should be expected by anyone who knows anything about crypto.
- ric2b 5y agoMuch better for people to learn not to make investment decisions based on a single company.
- salawat 5y agoNo, of course not. Most big stakeholders in cryptocurrencies want a manipulable asset to invest in. A long circuituous route was taken to building one when regulation cut off the ability to do what they are doing with their coins. I mean, the whole transacting without borders, and providing a transaction medium that is somewhat immune to geopolitical power projection by any one nation state looks great on paper; but it's also the type of idealistic tool frequuently used to get someone to part with their money. As much of a raging contrarian as I am when it comes to Federal regulation a d interference in markets; the type of market activity surrounding crypto is a spot on copy paste of the types of scammy behavior the SEC was meant to rein in, even if the rulemaking (whether I like how it's done or not) hasn't caught up. It's also market activity that's producing no net positive societal value as far as I've heard of measuring being done to account for it. Businesses popped up to facilitate movement of coins, and conversion to fiat; but the externalities (regulatory escape, lost funds by people when scam exchanges walk off with everyone's assets, greased anti-money laundering mechanisms, environmental costs, brain drain)... I know my viewpoint on it probably means about as much in the long run as a gnat fart, but it's just one of those things that seems like a solution looking for a problem, picking whatever problem looks most likely to gain momentum this week, and to hell with the problems caused as a result.
- input_sh 5y ago> I see this as market manipulation. Absolutely. Any mention of cryptocurrency by Musk or his companies instantly reflects on the price and there's no way in hell Musk doesn't know that. Happened with Dogecoin like a week ago (after his SNL appearance), happening again.
- headmelted 5y agoI'm not suggesting anything here, but it doesn't seem outrageous to think that after the SNL appearance and all the dogecoin references that Tesla/Musk may have bought substantial amounts prior to that before the obvious shilling on live television. If that's the case, he would not have expected it to crash. i.e. This may be desperation to fix the quarterly results after the plan backfired.
- cvak 5y agoWell, they might saw the backslash in environmentalist community, that used to be their main supporters. That's imo a pretty big sudden information.
- toxik 5y agoYou don’t think they knew that going in?
- simondotau 5y agoI think a lot of people are aware that bitcoin transactions have an energy cost but haven’t sufficiently gone down the rabbit hole of quantifying exactly what that cost is.
- isatty 5y agoA company as big as as TSLA has people on payroll to figure that out. If they don’t, then it’s still on them. You think this is WSB where I see a ticker, strike and expiry and I’m in with my life savings?
- simondotau 5y agoI think you're a touch over-optimistic if you think that all large companies always consider every possible ramification of every decision to its fullest extent prior to acting. Personally I think Tesla's (and Elon's, and for that matter everyone's) involvement with cryptocurrency as a serious investment is moronic, driven almost entirely by sci-fi daydreaming rather than by actual principles. But my opinion doesn't matter to anyone else, so *shrug,* I guess.
- kaba0 5y agoIt’s a typical pump-and-dump+market manipulation decision in an unregulated market so it is legal, and highly profitable. It’s not a bad investment, only a moral failing.
- amelius 5y agoHow would he benefit? There are no put-options in Bitcoin land.
- arcticbull 5y agoYeah, he's just enacting retribution on the SEC for the tweetsitter they appointed due to him ... manipulating the market. ($420 funding secured, anyone?)
- bidirectional 5y agoExcept the SEC is not directly harmed by market manipulation, the market participants they exist to protect are.
- pydry 5y agoHe effectively got away with doing it on TSLA why not try it out on BTC and doge coin too? Or maybe he sees something coming in crypo the rest of us don't (e.g. regulatory crackdown).
- henvic 5y agoand Bitcoin is 100% market manipulation. Useless asset.
- monkeydust 5y agoI would be amazed if the SEC doesnt start an investigation assuming one is not in flight.
- kgwgk 5y agoIt was not marketing manipulation until now?
- Isinlor 5y agoThat is anarcho-capitalism to you. Even though I'm a libertarian leaning, I still think we should put a tax from CO2 emissions on crypto transactions. Something in range of 300$ per tonne of CO2. So with bitcoin emissions at 0.5T per transaction, it would be somewhere around 150$ per transaction. And to cash in on bitcoin you should be required to document the whole history of bitcoin you own.
- La1n 5y ago> Something in range of 300$ per tonne of CO2. Why so high, and why specifically for crypto transactions and not everything that generates CO2?
- Isinlor 5y agoThat's about the cost of removing CO2 at industrial scale today. And yes, I'm supporter of overall carbon tax. Preferably something like European Union Emission Trading Scheme [0] where at some point we can just ban unmitigated emissions into the atmosphere. I have no issue with people spending as much resources on bitcoin or any other crypto as they want as long as they clean up after themselves. Actually it should include the whole package of externalities - CO2, electronic waste pollution etc. [0] https://en.wikipedia.org/wiki/European_Union_Emission_Trading_Scheme https://en.wikipedia.org/wiki/European_Union_Emission_Tradin...
- isatty 5y ago100% pump and dump.
- mrweasel 5y agoEither market manipulation or incompetence, it's one of the two. For someone who owns Tesla and a solar company, claiming that he didn't already knew that Bitcoin is a huge energy sink seems unlikely. Tesla is a little more high profile, but they certainly aren't the first company to implement something, or take a action, where you from the outside question the environmental impact. Only to have the company reverse the same decision a while later, claiming a huge effort to help the environment.
- arisAlexis 5y agoI mean, he had all the data in front of him when he announced end of March 2020 that Covid will be gone by April 2020 so I don't know what to think of this erratic behavior.
- me_me_me 5y agoWelcome to the world of BTC. This is quite average event to be honest, the dip isn't even that big.
- esjeon 5y agoAs a one who survived through 70% dip around 2013(?), I totally agree.
- ptsneves 5y agoHope we now can start a proof of stake cycle. Peercoin is dead. What other proof of stake viable currency is there? Only when the energy impact of crypto currency is dealt with will i indulge in speculating that it can be a net good for humanicy
- anticensor 5y agoEthereum 2.0.
- companyhen 5y agoPolkadot / Kusama (by the original CTO of Ethereum Dr. Gavin Wood) Nice recent interview: https://www.youtube.com/watch?v=KAa1vKyVR5M https://www.youtube.com/watch?v=KAa1vKyVR5M
- pcthrowaway 5y agoPolkadot/Kusama are amazing projects, but not designed to be used primarily as p2p currencies. As much as I have some issues / doubts with Cardano, I still think it's the most viable PoS cryptocurrency for mass adoption right now. ETH2 maybe also, whenever the transition actually happens.
- burnethtards 5y agoexcept the fact they are literally centrally premined scams and not permissionless since you can't get stake without someone choosing for literally no forced reason to give you access there's a reason ethereum has always been considered a scam by every developer in the space that wasn't a premine scammer
- amelius 5y agoWe need proof of CO2 scrubbing.
- quickthrower2 5y agoWe have that now. Reward block in 100 years. It’s a physical reward of a habitable planet.
- samplatt 5y ago"... and not at all because Musk has already offloaded his crypto prior to a public appearance where he bagged out crypto."
- the_local_host 5y agoDid he offload his Bitcoins?
- samplatt 5y agoI was conjecting. Personally I think he held and planned to buy again on the subsequent dip.
- tareqak 5y agoDiscussed earlier here: https://news.ycombinator.com/item?id=27135776 https://news.ycombinator.com/item?id=27135776
- jpxw 5y agohttps://mobile.twitter.com/elonmusk/status/1392602041025843203 https://mobile.twitter.com/elonmusk/status/13926020410258432... “Tesla are looking at other crypto currencies which use <1% of Bitcoin’s energy/transaction” $NANO is up almost 50% in the last 12 hours, in response to this I think.
- adammunich 5y agoI don't see why people would bet the future on something that is thermodynamically doomed.
- block_dagger 5y agoAccording to Satoshi, dependence on thermodynamics is a feature to prevent centralization.
- yosito 5y ago> dependence on thermodynamics is a feature to prevent centralization Never underestimate humanity's willingness to destroy itself in the quest for wealth and power.
- raverbashing 5y agoDoesn't seem to be working so fine now, is it? Also I wouldn't put behind well financed groups that hire PhDs to find a way to accelerate the PoW enough to gain a significant advantage (as in, ability to centralize the blockchain).
- Kbelicius 5y ago> accelerate the PoW That wouldn't do anything to energy consumption. It would just increase the hash rate.
- raverbashing 5y agoThe group with access to that technology would be able to centralize hashing.
- yifanl 5y agoThe funny thing is that even if you found some magical hardware that was 100x more efficient than the next best thing, the incentives make it so that you don't want to use 0.01X energy to produce Y hashes and mine the same proportion of coins, you'd want to use X energy to produce 100Y hashes so you mine a larger proportion of coins.
- arcticbull 5y agoSo far, Elon/Tesla: 1. Bought a bunch of Bitcoin. 2. Announced they were going to accept Bitcoin, sending the price up. 3. Sold a bunch of Bitcoin to pad out otherwise poor earnings, citing their goal of "testing liquidity of the market." 4. Announced they were going to stop accepting Bitcoin, sending the price plummeting. As though he didn't know the environmental impact a week ago? As though he didn't check for liquidity before investing one and a half billion dollars of company money.
- kgwgk 5y agoMaybe there was a 3b we don’t know about yet.
- quotha 5y agoThe use of coal power to mine bitcoins recently came to light.
- PartiallyTyped 5y agoThey didn't sell all of their bitcoin, just a fraction, and this is probably another ruse to buy cheaper. There was minicrash earlier that tanked the value >> 10% but it was bought up almost immediately.
- arcticbull 5y agoSorry for the lack of clarity, when I said a "bunch of bitcoin" that's quantifiably 10% of their Bitcoin. It amounted to a hundred million dollar profit. Curious if they sold any after 4/1.
- rvz 5y agoYes. A very clever plan, executed to perfection. We don't know the price point of the BTC they bought at the time but it is likely to be somewhere around $30,000 - $40,000 and then they announced it to cause a run up close to $60,000 and then sold some of it for a >$101m profit. Now they somehow 'stop accepting Bitcoin' causing BTC to go down 12%. These same institutions are NOT interested in hodling. They are here to make money off of their BTC investment with only risking a small amount and cashing out 10% of it, while the retail investor hodls for their life savings at all time highs again.
- adh636 5y agoThe same argument people made against Tesla saying why electric cars weren't really better than combustion engine cars. They said Tesla cars use a lot of energy, much of which comes from coal and other dirty sources. What a joke that Elon is making this argument.
- Draken93 5y agoThe whole situation is completly different. There are way better alternative technologies then Bitcoin. But there is no electric car with < then 0.1% of the energy consumption of a tesla.
- adh636 5y agoHow about mass transit, bicycles, running, walking. Lets stop using airplanes and use blimps instead. Maybe there are benefits to using energy? Energy usage is how society and technology advances.
- lovetocode 5y agoMass transit isn’t available to everyone. They don’t even have buses where I live.
- input_sh 5y ago> But there is no electric car Well fortunately for us, cars aren't the only methods of transportation.
- viraptor 5y agoThere's a big difference. Even if people using EVs now effectively burn coal to do it, they replaced an ICE and can migrate to greener sources over time. On the other hand, crypto mining exists purely on top of existing energy usage. These are not really comparable situations.
- adh636 5y agoSorry, I am not sure I completely understand your argument. You expect the energy used for Tesla cars to more easily migrate to greener energy? Bitcoin mining is completely location independent and is able to migrate to cheaper (which as renewable energy tech improves will equal greener) energy much easier than an individual tesla owner can.
- jazzyjackson 5y agoJust curious as someone out of the loop, what regulations encourage other car companies to buy regulatory credits that Tesla is granted by producing zero emission vehicles? I know its a big part of their profitability. Are there not regulations that would encourage Tesla to buy credits to make up for their crypto-polluting sins?
- carstenhag 5y agoTalking about the EU perspective in 2020 here: FCA (Fiat Chrysler and all of their brands) sold too few low/zero emission cars. Their fine would have been X millions of €. By paying Tesla X - 100 millions €, they save 100 million €, while being pretty pissed off that they are financing a different OEM. Due to this reason, they already announced that in 2021 they won't need to "pool" with another OEM like they did in 2020.
- Draken93 5y agoThat Bitcoin mining has a disastrous energy consumption is not a new finding. Elon and Tesla knew that and decided to go for bitcoin anyways. And they made alot of profit from that. For me that seems as if they came to the (correct) conclusion that BTC is not the future. Justifying that decision with the climate impact feels like a bad excuse.
- headmelted 5y agodupe? https://news.ycombinator.com/item?id=27135776 https://news.ycombinator.com/item?id=27135776
- CryptoPunk 5y agoOnce Ethereum completes its transition to Proof of Stake, which will reduce its energy consumption by 99.75%, it will be the natural choice for Tesla.
- iamacyborg 5y agoI'm not sure that being the natural choice for another pump n dump scheme is a good thing.
- CryptoPunk 5y agoTesla didn't dump bitcoin. They only sold 10% of their holding, so any negative impact of their decision to cease acceptance of bitcoin for vehicle purchases, on the value of their bitcoin holdings, would outweigh the gains they made from pumping bitcoin and selling a portion of it.
- iamacyborg 5y ago> They only sold 10% of their holding That we know of.
- CryptoPunk 5y agoSo we can't claim Tesla did a pump and dump because there's no evidence showing that.
- hunter-2 5y agoWhy is this guy not in jail? This is blatantly manipulating cryptos almost every other week.
- iso1210 5y agoThese markets are being manipulated by big money all the time. Musk just makes it more obvious how pathetic the system always has been.
- vanviegen 5y agoIs there anything legally wrong with manipulating crypto courses? Or even ethically? The supposed main advantage of cryptos is that they are independent of governments and institutions, and their rules. And in this case, that's exactly what they get. And besides that, without 'manipulation' (which I'd say includes any kind of marketing), cryptos would inherently be worth exactly nothing.
- bboygravity 5y agoFor the exact same reasons that Jim Cramer is not in jail, CNBC staff is not in jail, Marketwatch staff is not in jail, Motley fool staff is not in jail, Ken Griffin is not in jail, etc etc. For the same reasons the people who tried to short and manipulate Tesla (and GameStop) into bankruptcy for gains didn't go to jail. Also for the same reasons market makers and hedge funds like Citadel can still exist while blatantly manipulating the market every second of every day and deliberately shorting healthy companies into bankruptcy for gains. All of the above parties are doing way way way worse than Musk in broad daylight. All Musk does is arguably pump and dump. The above parties pump and dump and are constantly wash trading, influencing/buying the SEC, buying media (CNBC "Tesla is almost bankrupt, sell now", etc) for pump and dumps, pump & dumping on Twitter (Cramer), naked shorting illegally, messing with order executions, HFT DDoS attacks on exchanges for profit and so on and so forth. All at the attractive cost of meaningless tiny fines (assuming they get fined at all) and 0 jail time. Yes. The US financial markets are completely rotten. Ironically, I feel that the crypto markets are much fairer. At least you can buy a real token directly and sell that real token for money on an exchange of your chosing. At least it's clear that Musk is pumping and dumping (as opposed to Jim Cramer on CNBC, who does exactly the same for hedge funds under the veil of "trustworthy media"). As a comparison: ever tried to get your hands on stock certificates for stock you own? Good luck with that. Can you point me to a broker where you can directly own a share? You can't. They don't exist. Can you point me to a broker that doesn't lend out the shares which YOU "own" to hedge funds? I know of some in Europe, but they are very rare. Can you point me to a broker that allows you to route your orders to the exchange of your choice? I can only name 1: IBKR. The vast majority of brokers get paid to route your orders to the exchange that is worst for you and best for whoever is paying off your broker. And then there's "cheap" brokers who offer "payment for order flow" where traders essentially pay a "trade fee" to whoever is paying for order flow (to give you worse execution than themselves). I could go on and on and on. PS: to be sure, I don't mean to turn this into whataboutism and to argue that Musk's pump & dumps are ethically OK because others are doing worse. The point I'm trying to make is that the US markets are essentially rigged and unfair. And claiming that Musk should be in jail for pump-n-dumping is fine, but then many others should be jail too. Preferably for longer and with way higher priority.
- technicolorwhat 5y agoIf anything, it's good that its public now that its an energy problem. For the average person dealing with bitcoin this wasn't known (at least in my circles). Great way to get everyone's attention.
- mateo1 5y ago1. Pump 2. Dump <--- You are here
- RichardHeart 5y agoElon is still promoting Dogecoin which is also proof of work. Lots of people will be harmed when it crashes. Nearly all cryptocurrencies crash 85% every once in a while.
- DonHopkins 5y agoHumor: So I'm sure your explanation of why somebody hasn't already successfully implemented practical proof of stake before is totally credible and unbiased! ;) Not Humor: If somebody will work on it for free, do you promise to pay them in your own cryptocurrency? "Will work for stake!"
- RichardHeart 5y agoYou don't have to destroy the environment to maintain a database. There's other ways to achieve censorship resistance than waste. Blockchains are are all social consensus anyway.
- DonHopkins 5y ago"Do you want to develop my new cryptocurrency?" is the new "Do you want to develop an app?" https://www.youtube.com/watch?v=jVy0JWX5XEY&ab_channel=AdultSwim https://www.youtube.com/watch?v=jVy0JWX5XEY&ab_channel=Adult... Edit: [You spoiled the joke by retroactively editing your post and removing your amusing disclaimer that you had a financial stake in shilling POS, and your hilarious call for programmers to help you develop your new cryptocurrency! "Dodge, dodge." That's what makes you so funny! The "Glooty" character parody is spot on.]
- RichardHeart 5y agoI see your joke and raise you one joke https://paywithexposure.com/ https://paywithexposure.com/ Also, you should actually watch the interview on the page you just linked. It's amazing.
- 5y ago
- hermitsings 5y agoTesla is a joke.
- rokot 5y agothere is theory, after the big sell offs in the stock market Elon wants to drive the crypto space down too to hurt the shorts
- deleted 5y ago[deleted]
- kissgyorgy 5y agoThe explanation is obviously bullshit, everybody knew the climate impact years ago. He realized his power for market manipulation for Dogecoin and he milked the cow for real this time.
- cmckn 5y ago"years ago" as in 2008, when the whitepaper was released. Wasting energy, but make it competitive. And the grift is simply astounding.
- mrtksn 5y agoWhat I don't get is, why people are talking about environmental impact per transaction. Transactions or not, the computers are churning constantly to solve the useless function that would produce the hash with the most 0s in it. It really doesn't have anything to do with transactions(the fees are only a fraction of the profits). The energy impact would be precisely correlated to the fiat price since the miners will be paying for the energy and equipment in fiat. Transactions or not, the higher the price, the dirtier the proof of work blockchain is. Just look at the most recent block: https://www.blockchain.com/btc/block/00000000000000000002865fa4f56e25c9e24f85231aed240b6f4fa68541994e https://www.blockchain.com/btc/block/00000000000000000002865... reward: 6.25BTC fees for transactions: 0.5BTC total revenue: 6.75BTC, that is ~ $350K at the moment. Each block is mined every 10min on average, so it is 2.1M per hour. So the total energy consumption is limited to $2.1M per hour or $1.5B per month at this price. It would be $150M if the price was $5k instead and $30B if the price goes to $1M per BTC. When that happens, 1 transaction will amount to the energy consumption of an American family for 1 year or more. At $1M per BTC, $360,000,000,000 worth of energy would be wasted per year on calculating a hash of a block that is functionally exactly the same with the same amount of transaction as the one calculated for $360, $3.6 or $0.03. I'm sure I'm missing something like investors betting on price increases, infrastructure elasticity etc. but the correlation must be roughly like that.
- belzebalex 5y agoYou're completely right. I think the second order effects are negligible at this scale.
- ArkanExplorer 5y agoAnd as such, the best thing that Tesla can do for the environment is to sell all of its PoW coins and continue to talk-down the price. They, and we, can also petition Governments to ban the exchange of PoW coins for fiat. PoW coins serve no purpose and represent a egregious waste of our civilization's advanced manufactured goods and electricity. Taking crypto down a notch might also make ransomware attacks less likely.
- swinglock 5y ago
- ArtTimeInvestor 5y agoWhy is is Bitcoin mining mainly happening in China, but not other compute bound tasks? How about machine learning. Why aren't the leading data centers for ML based in China? Or are they? And on the energy front - if fossil fuels are the best energy source for calculating hashes, why not for other types of number crunching? Can boycotting one type of calculations really keep the fossil fuels under the ground? If they are useful to power computations - won't they be used for some kind of computations anyhow?
- Isinlor 5y agoData centers mostly serve customers and customers care about reliability and latency. Distance and Great Firewall of China do not help with any of that. Also, because moving data to China is a legal nightmare in EU and public relations nightmare in the whole west.
- qeternity 5y agoBecause there is tremendous risk of having data located in China. This is not the case with Bitcoin. If you put your SOTA AI/ML project there, your IP will be stolen, guaranteed. If you put your Bitcoin mining there, your only risk is the hardware.
- ArtTimeInvestor 5y agoThe Bitcoin mining farms in China are not rented out to western customers. They do not sell the raw processing power. They sell the finished product: mined blocks. They could do the same for ML. Sell the trained models.
- throwaway-8c93 5y agoThe trained model is a guarded treasure. There's a reason why very few ML papers publish their trained models; or Deepmind/OpenAI never releasing the resulting models - it's expensive to train the network, but cheap to use it afterwards. You don't want anyone unauthorized to get their hands on it.
- hkdobrev 5y agoIt seems that Tesla is using the popularity of Bitcoin to prove the concept while making a lot of money and then they can switch to Dogecoin propping its price up.
- galeos 5y agoHe is also suggests they are look at Proof of Stake cryptocurrencies with significantly lower energy use. Maybe this is just a pre-cursor to Musk launching a PoS 'Tesla EnviroCoin' down the line...
- ALittleLight 5y agoI suggest E-coin. I cannot imagine the hype for such a coin.
- Carlee 5y agoIf you take a positive spin it on, it could be heavy manipulation for the environment. 1. Buy Bitcoin to put added focus to it 2. Stop using it and cite environmental impact 3. Swap to something more environmentally acceptable in an attempt to tilt Bitcoin from the crypto throne or push them to change the amount of mining going on. I’m not sure how beneficial it is to give him the benefit of the doubt, but it’s a view I haven’t seen it the threads before.
- johnnycerberus 5y agoSame people calling for decentralization, unregulated practices and absolute freemarket are now calling for regulation and accusing Elon of market manipulation. This can't get any better, I'm having a lot of fun reading Reddit and Hackernews. Good job, Elon! You demonstrated once again that you are a talented businessman. It's so easy to make money when there are so many naive people around. Thanks for the lesson.
- esjeon 5y agoAnything that makes money (for me) is good. Capitalism at its finest. Cheers.
- johnnycerberus 5y agoIndeed. Say that again.
- axegon_ 5y agoAm I the only one that feels like there's a striking resemblance between these events and any large scale pump and dump scheme? Just a thought (:
- deleted 5y ago[deleted]
- nathias 5y agothe world is drifting towards redditocracy
- progx 5y agoSomebody short bitcoin? ;-)
- NiceWayToDoIT 5y agoI would just like to hear what those who were saying that Bitcoin is Tesla's long term position 3 months ago have to say now?
- esjeon 5y agoI think cryptocurrency is actually failing, not because of technical nor political reasons, but all because of the sheer stupidity of populus. You see, cryptocurrencies are absolutely vulnerable to social engineering likes this, and I believe this is not something technology can solve, never ever even in the far future. The future of cryptocurrency now lies in the hands of governments, whose regulations are the only true solution. Good bye the days of truly decentralized and purely market-controlled digital - ahem - currency.
- freetime2 5y agoWhy did Tesla saying they would accept payment in bitcoin move the price so much anyway? Surely it was only ever going to be used in a very small fraction of Tesla’s sales. And Tesla’s sales only represent a very small fraction of the total number of bitcoin transactions. Were bitcoin speculators behaving rationally when they bought and sold on this news? And if not, don’t they deserve the majority of the blame here?
- varajelle 5y agoPerception... And also, who says speculators behave rationally? It is rational to expect that a "bad news" might take the price down because irrational speculators would sell, therefore it is rational to be irrational, and sell.
- koonsolo 5y agoIf I was Elon, I would use my influence on the crypto market to buy back Tesla to take it out of the stock market. For SpaceX, use it for extra funding.