3 ms·

Tesla still has 90% of the Bitcoin they bought. If his proclamation knocks, say, half the value off Bitcoin, and it stays there, that wasn't a very clever pump

Tesla still has 90% of the Bitcoin they bought. If his proclamation knocks, say, half the value off Bitcoin, and it stays there, that wasn't a very clever pump and dump, because they kinda skipped the 'dump' part.

de_nied 6y ago
Perhaps it's a chump and pump. Bring down the value to buy the dip.
bhouston 6y ago
They only declare their sales after the fact. There is a chance that Tesla owns no bitcoin at this time. Probably they still do, but...
- ChrisClark 6y ago
  Then won't they get in trouble? The most recent statement directly says they have not sold any, just stopping accepting payments in it. That would be an explicit lie then, something the SEC has jurisdiction over? (I'm not actually sure)
  - p_j_w 6y ago
    SEC doesn't regulate Bitcoin.
    - nightski 6y ago
      SEC does regulate stocks of companies like Tesla whose dealings in Bitcoin could affect said stock price.
      - Phlarp 6y ago
        That has never stopped Elon before! "funding secured"
  - mthoms 6y ago
    I think the statement says they will not be selling any in the future.
  - stjohnswarts 6y ago
    Is the SEC regulating bitcoin now? No. so they couldn't do a thing. Bitcoin isn't a security.