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You don’t think they knew that going in?

• simondotau 5y ago
  I 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 ago
    A 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 ago
      I 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 ago
        It’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 ago
          Given 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"?