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Does he do that? What did he Invest in something/Tweet/Violate FTC/Profit from? If you're referring to Tesla, you missed the part where he: Lead the delivery

Does he do that? What did he Invest in something/Tweet/Violate FTC/Profit from? If you're referring to Tesla, you missed the part where he: Lead the delivery of a ridiculous amount of value to the company unrelated to any tweets.

smt88 5y ago
> What did he Invest in something/Tweet/Violate FTC/Profit from? Dogecoin and Bitcoin. He pumped and dumped the former pretty directly. He pumped and dumped Bitcoin by saying that Tesla would start to accept it as payment, and then he said that the price was too volatile and they wouldn't actually do that anymore. He pumped and dumped Bitcoin again later, but I forget the circumstances.
- onethought 5y ago
  Right, the currencies that are built on "trust-less networks" and are resistant to government interferences. But a single person can manipulate the entire currency with some tweets and a bit of capital. cool cool cool. Did Elon profit from that? i.e. He bought at the bottom and sold at the top? Or did he lose along with everyone else in the "dump" phase? Bitcoin: You don't have to trust anyone... except Elon.
  - bcj7393nsk 5y ago
    > Did Elon profit from that? i.e. He bought at the bottom and sold at the top? That same quarter, Tesla reported almost $500 million in realized capital gains on BTC. And Elon owns Tesla stock. The rest is left as an exercise to the reader.
    - onethought 5y ago
      You are missing the part where they were accepting bitcoin as payment for cars. So how much of those gains were for Cars sold, vs inflated Bitcoin price based on Elon tweets?
      - bcj7393nsk 5y ago
ra7 5y ago
Dogecoin and all the Tesla crypto shenanigans he pulled last year.
dylan604 5y ago
Like the time he specifically tweeted that he had investment to take Tesla private that affected stock price, but turned out to not actually have happened?
- onethought 5y ago
  He profited from that? That happened in 2018... the share price looks like a kind of flat line compared with the mountain of growth in 2020-2022? He lost $20 million personally for that. Also isn't he suing the SEC over that, claiming he did have funding secured, and claiming he only settled because he was worried about the court cases given he wanted to raise more money?

smt88 5y ago

> What did he Invest in something/Tweet/Violate FTC/Profit from? Dogecoin and Bitcoin. He pumped and dumped the former pretty directly. He pumped and dumped Bitcoin by saying that Tesla would start to accept it as payment, and then he said that the price was too volatile and they wouldn't actually do that anymore. He pumped and dumped Bitcoin again later, but I forget the circumstances.

onethought 5y ago
Right, the currencies that are built on "trust-less networks" and are resistant to government interferences. But a single person can manipulate the entire currency with some tweets and a bit of capital. cool cool cool. Did Elon profit from that? i.e. He bought at the bottom and sold at the top? Or did he lose along with everyone else in the "dump" phase? Bitcoin: You don't have to trust anyone... except Elon.
- bcj7393nsk 5y ago
  > Did Elon profit from that? i.e. He bought at the bottom and sold at the top? That same quarter, Tesla reported almost $500 million in realized capital gains on BTC. And Elon owns Tesla stock. The rest is left as an exercise to the reader.
  - onethought 5y ago
    You are missing the part where they were accepting bitcoin as payment for cars. So how much of those gains were for Cars sold, vs inflated Bitcoin price based on Elon tweets?
    - bcj7393nsk 5y ago

ra7 5y ago

Dogecoin and all the Tesla crypto shenanigans he pulled last year.

dylan604 5y ago

Like the time he specifically tweeted that he had investment to take Tesla private that affected stock price, but turned out to not actually have happened?

onethought 5y ago
He profited from that? That happened in 2018... the share price looks like a kind of flat line compared with the mountain of growth in 2020-2022? He lost $20 million personally for that. Also isn't he suing the SEC over that, claiming he did have funding secured, and claiming he only settled because he was worried about the court cases given he wanted to raise more money?