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Amid Bitcoin’s crash, all of Tesla’s gains have vanished

• maxharris 5y ago
  Oh, really? TSLA closed today at $660.50. One year ago, it was trading at $313.67. I bought a lot of my position in March-May 2020, when it was far, far cheaper than that (I have some shares that I got for around $70 apiece from that time). If you object to the dates, prices and times I cite here, why accept the ones from the article?
  • Darmody 5y ago
    They're not talking about TSLA stock gains. They're talking about the gains they made buying BTC, which now are gone if they are still holding them.
    • maxharris 5y ago
      Ah ok, whoops! I only read the headline because I don't want to give them ad revenue.
• nostrademons 5y ago
  Article never mentions whether Tesla is still holding BTC other than to remark that it sold 10% of them in Q1. If it sold 10% of them in the one month between purchase and the end of Q2, what makes you think it's still holding them a full quarter later? Musk - and any other CEO - isn't like your average retail investor. Everything has a price, and you can say something is a good deal without it actually being a good deal. At the height of BTC (and Dogecoin's) popularity, right around Musk's SNL appearance, why wouldn't he dump it all to cash in on all that demand?