/biz/ - Business & Finance

What you don't understand is that the BTC was sold well when it was 60k+. And of course it was all bought for under 20k.

>>50490494
Nope wrong, they bought at 30k and sold at 28k for a loss, go read the reports

Not sure why there’s people here trying to push a false narrative that they dumped for profits and mogged everyone, this is some kind of fantasy nocoiners came up with to try make fun of cryptobros

>>50490563
That’s respectable, calling a loss a loss and mitigating it instead of bag holding all the way to 0.

They didn't, Elon might be forced to buy twitter and they need liquidity. As usual the people selling are usually people who don't have another option

>>50490415
because Tesla is going bankrupt

>>50490977
>all the way to 0
topkek no coiners are truely retarded

the company needs money to produce an output for profit so probably the weakest capital to expend first goes out the door first

>>50490563
they probably dumped because of writeoff reasons

>>50492974
It may not be zero but it will have no purchasing power.
We are Rome, we will tell you how to live, and if you do not comply you are not Roman, and you accept that for as long as you have left.

>>50490977
>>50493531
Why do nocoiners spend their free time posting retarded shit like this on a board that was created to keep crypto off /g/?

Sunway cracked Shor's and is taking moderate quantum dumps in the darkpools.

>>50492974
Bitcoin has no real value. It's just numbers on a screen. It's literally a ponzi scheme and it's not very climate friendly. It's going to zero when the US and all the other civilized countries ban it for being an obvious scam. CBDCs will fix all the same problems as Bitcoin but without all the scamminess.

where did tesla sold their bitcoins at, whose got that much liquidity, i couldnt seem to find the answer anywhere can someone tell thanks much

>>50492913
Not might.
He will be forced

>>50494023
otc with any exchange. they all have more than $2 billion in cash

>>50490415
What a fucking moron. He’ll buy again when it hits 100k and he’ll be made to look like a clown (again).

>>50490415
>Elon sold
>Tesla sold

which one is it?

>>50490563
they sold 25% at a profit the loss was only for 75%

>>50492932
>because Tesla is going bankrupt

Insane!
Literally holding billion and each Giga-factory is about to become a money making mint for the company.

>>50492932
??? Telsa's q2 fiscal numbers show them making very healthy profits, they have some of the best gross margins in the auto industry, they are sitting on almost $19 billion is cash, their debt (short & long term) is only $6 billion or so, and so on. They are not going bankrupt any time soon.

>Cryptocurrency is a side show to the side show.
>Cryptocurrency is not something we think about a lot.
https://www.youtube.com/watch?v=kwpYe1Empwo&t=1175s

>We're neither here nor there on cryptocurrency.
https://www.youtube.com/watch?v=kwpYe1Empwo&t=1243s

-Elon Musk, 2022 July 20

>>50494023
it's confidential, they just report the revenue

>>50496447
You don't truly believe in that, do you?

>>50490563
According to their Q2 2022 statement Tesla's Bitcoin sale added $936 milllion to their balance sheet. That sounds like a decent profit to me.

https://ir.tesla.com/#tab-quarterly-disclosure

>>50496500
no. 'conversions' added 936 million to their balance sheets. no mention of how much bitcoin sales specifically added, and no way to determine what avg price they sold. are they required to give a detailed breakdown eventually? would be nice to see exactly what day they started dumping

>>50496496
Literally just read their Q2 2022 statement. Unless you are saying they blatantly lied on that, in which case the short shorters would be screaming to the SEC by now. Do you have any evidence to show they are lying on that?

>>50496525
That kind of info probably requires a FOIA request. Each trade has to be accounted for but I don't know if the accountants pass that info along unless it's requested by the govt.

>>50496549
I believe this guy. That shit came out yesterday.

>>50496500
also they said they purchased 43,200 BTC for a grand sum of 1.5b USD, which gives an average price of 34,722 / BTC

even IF all $936 million came exclusively from bitcoin sales, they'd still have sold at a loss.
since they worded it this bogus way that's pretty much impossible to be the case. they probably sold sub 20k.

>>50496500
they were negative before the bitcoin sell, tesla is trash stock

>>50493650
interesting

>>50496231
>>50496447
Wrong. They're insolvent. My dad works there and told me.

>>50496701
go back

>>50493796
not for being an obvious scam, for being a huge waste of energy. PoW is about to get sanctioned hard, possibly by executive order or congressional regulation

>>50496549
He doesn’t. Just some Eastern European faggot in high school.

>>50496722
>>50496549
kek at the tesla baggie cope

>>50496703
No u

>>50496635
Very true, the Q2 did just come out. Of course Tesla's prior quarterly reports have been quite good for some time now; I haven't seen any serious disagreement with their Q1(which also had very good results) numbers for example. I suppose it possible that they have been majorly faking their numbers for a couple years now, but would like to see some actual evidence.

Tesla is still unaffordable and "tommorow" has come.

>>50493796
dude everything is a ponzi scheme

>>50496710
Yikes. PoW is the most energy efficient blockchain when used at scale. It's also the only blockchain that can scale.
https://coincarboncap.com/

>>50497155
Wrong.

>>50496701
>Wrong. They're insolvent. My dad works there and told me.

Based on the what you said, I would get a paternity test.

>>50490494
you don't know what you're talking about unfortunately. >>50490563 is correct, this info is public and the motherfucker lost money and lied to everyone about not selling because he's a fucking capitalist narcissistic rat

>>50493029
I think they dumped because they really needed the cash. A zerohedge article I don't feel like digging up was showing how their cash flows would've been negative for the year without their BTC sale. I think they are hurting, and with the massive drop in their mcap they're not really in a position to sell their shares for cash

>>50496500
>Buy x amount of BTC for over a billion
>sell x amount of BTC for less than a billion
>"Yeah I'm thinking that sounds like profit"

>>50490415
THE RICH ARE DUMPING, EMBRACE FOR THE IMPACT BITCOINFAGS

>>50496737
Where’s the cope? Do you have special knowledge that their tax reports don’t show? Low iq euro cuck

>>50490415
It's pretty obvious at this point.
For those who do any research or pay attention.

>>50497096
> and "tommorow" has come

no no no no

https://www.youtube.com/watch?v=SDuHXTG3uyY

>>50490415
>Sell BTC at 60k
>leave half untouched, maybe it pumps
>it doesn't
>sell
>wait for the new bottom
>buy again
That would be my reasoning, but musk has shown time and time again that he can and will think and do the most detrimental things for all his enterprises, so who knows. And it's not because you can't make money in the market anymore, i've seen whales staking 200 btc on cexes or in places like lovelace and then cashing 200 % apr on their wallet movements so, it's about strategy