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Q2 - Tesla has announced they sold 75% of their Bitcoin

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Re: Q2 - Tesla has announced they sold 75% of their Bitcoin

#31
post #16

Earlier quoted context omitted.

Think in systems. Perhaps short term, but also manufacturing capacity and an expanding fast dc charging network builds the machine that builds the machine. https://cleantechnica.com/2022/07/15/tesla-cumulative-sales-...

Yeah an electric car future is better than an oil car future. Thinking broader though they still have a large initial carbon impact and any future that depends on cars isn’t really sustainable. I think it takes too much focus off reducing dependence on cars entirely.

Exactly, the problem is incorrectly framed ICE vs. EV. It’s not the type of car, but our lifestyle that is destroying the planet.

Re: Q2 - Tesla has announced they sold 75% of their Bitcoin

#32

Earlier quoted context omitted.

> They are here to make money out of the hype in the form of a pump and dump and psychological manipulation They sold at around their carrying value of around $30k. Seems like they had a stop-loss set. Strange way to pump and dump ...

No stop loss; they likely sold to make FCF positive.

BTC transactions don't count towards FCF. They are accounted under a different line item "Cash Flows From Investing Activities".
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