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Well, they might saw the backslash in environmentalist community, that used to be their main supporters. That's imo a pretty big sudden information.
by cvak 5y ago
Well, 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.
- simondotau 5y agoGiven that they haven't pumped (if anything they stand accused of deflating, not pumping) and they haven't dumped (they still hold roughly 90% of their peak position) how do you figure that they performed a "pump and dump"?
- madis 5y ago...they might have seen... - Enggrish
- mhh__ 5y ago*English
- Broken_Hippo 5y agoI'm pretty sure bitcoin's environmental concern was known before the announcement. It wasn't sudden information.