It is incredibly hard to imagine that the upside in Musk's personal Bitcoin stake, whatever it is, is anywhere close to approaching his personal stake in Tesla.

It is incredibly hard to imagine that the upside in Musk's personal Bitcoin stake, whatever it is, is anywhere close to approaching his personal stake in Tesla. Something like 70% of his net worth is Tesla stock. It would be unbelievably stupid to jeopardize the value of the Tesla stock to pump up the value of his Bitcoin holdings. this is a good point, but if I held Tesla, I would probably prefer cash. it could be that Tesla's greatest value is as a prop for BTC scams. Teslas catch on fire randomly. Their roofs fall off sometimes. Their self-driving tech doesn't work as well as people expect, and when people get that expectation wrong, it sometimes results in them dying. The bulk of the company's revenue comes from carbon credits. maybe he's pumping and dumping Bitcoin because he doesn't expect his wealth to last, and if he sold a bunch of Tesla stock, people would notice. a little scam to set aside a nest egg just in case the other scam doesn't pan out. the weaknesses in this argument are SpaceX and PayPal, so I'm not totally convinced of my own position here, but I haven't seen any good counterarguments otherwise. he could also just find scams fun for their own sake.