Tesla Has lost around $55 billion from it's stocks marketcap due to th ...
Tesla Has lost around $55 billion from it's stocks marketcap due to the announcement of investing $ 1.5 billion. How will this play out? Do you think Elon even cares?
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$55 billion is a lot of money so I'm sure that Elon Musk do care about the loss but whether he regretted buying bitcoin is another matter altogether. Also, I think that Tesla's stock market value will rise again shortly due to its popularity.
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I think that exactly because of that second half of your comment, he doesn't care at all. Because he knows his investment will be successful and the investors will come running back eventually. Just a small dent in the big Tesla machine right now.
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You got a point. Also, thanks for the engage token.
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EM doesn't even care at all cuz he thinks bigger
Posted via D.Buzz
True. He has already zoomed out to view the broader spectrum of his plan.
55B minus on Tesla requires a step-up of BTC with a few 10's of percent only.
That said, when BTC plans to get into Bear modus, all the way down to eg 10k$, then Tesla and Elon himself may have a problem. 1,5B BTC in hands of Tesla, will become like a few 100M BTC value. When that happens, and Tesla still has BTC in their pocket, the fiat stock value will come down even much harder and much faster.
I think the fiat stock value will hit a hard bottom at one point and not drop any further. Elon Musk is doing far too much exciting things for other investors to not start buying up cheap stocks that anyone else sells, even if their BTC venture does bad.
And if some of them now are selling just for the profit, they are bound to buy back later as well.
You have a good point! :)
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