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Telsa announced support for buying cars with Bitcoin in March and revoked support in May. In Jan-Feb, they bought ~50,000BTC for 1.5BUSD, and likely sold it al
by politician 5y ago
Telsa announced support for buying cars with Bitcoin in March and revoked support in May. In Jan-Feb, they bought ~50,000BTC for 1.5BUSD, and likely sold it all before the May announcement for nearly 100% profit.
Was even one vehicle was paid for in BTC in the 60 day period where this was supposedly possible?
"Pump and dump" comes to mind.
[1] https://news.yahoo.com/tesla-stops-taking-bitcoin-cites-222026351.html https://news.yahoo.com/tesla-stops-taking-bitcoin-cites-2220...
- practice9 5y agoThey didn't sell their BTC holdings (per recent Elon tweet)
- politician 5y agoInteresting! I didn't see that. If that's the case, that's less scammy than it originally looked.