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Reporting the numerator without the denominator is a classic clickbait trick. In this case it was a 9% loss on $1.5 billion, during a period where tech stocks d

Reporting the numerator without the denominator is a classic clickbait trick. In this case it was a 9% loss on $1.5 billion, during a period where tech stocks dropped 25-30%.

JumpCrisscross 4y ago
> it was a 9% loss on $1.5 billion, during a period where tech stocks dropped 25-30% If Tesla invested treasury cash in tech stocks they'd be similarly criticized.
bandyaboot 4y ago
“Tesla risks $1.5 billion on crypto gambling” How’s that?
boomboomsubban 4y ago
That's not really the right analogy. It's more like Tesla bought a new factory for $1.5 billion, realized they couldn't use it, and sold it back for $1.36 billion.
- mouse_ 4y ago
  You could also look at it as "Tesla's investments devalued 1/3rd as much as everyone else's, outperforming the majority of the competition" Listen to me, I hate Tesla and I hate Elon even more, but being disingenuous isn't going to improve things. Everyone had a bad time during covid. If you wanna make fun of him, why not talk about the Model Y steering wheel's ability to simply fall off while driving? It's pretty hilarious.
  - hgsgm 4y ago
    Do company treasuries put their cash into stock market? I'd expect low-risk low-return bonds.