Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

[Paracelsus]

As of this morning’s TSLA news, Bitcoin has arguably become much more environmentally stable. Depending on the exact date in January of Tesla’s purchase of Bitcoin, Tesla’s investment in Bitcoin has likely grown enough to get 1/3 - 1/2 of the cost of the next Gigafactory for free. That is the ultimate Carbon Footprint offset. And by the time Bitcoin reaches $150,000 and Chamath buys The Hamptons, Tesla will have enough profit from this investment to build ~5 Gigafactories.

Chamath has wisely stated that it makes no sense to sell stocks like TSLA because of the problem it creates - “where would you put the money?” Today Elon has taken that logic a step further with TSLA no longer storing their piles of money in a WS bank for WS to leverage and for WS to earn all the interest on. Now TSLA’s money is at work making the planet more sustainable whether it is deployed in the Market or deployed on the Construction Site.

 

[Mo City]

Now I'm glad Ark Invest waited to issue their next TSLA guidance.

I'm sure Cathie Wood will be interviewed several times today.

 

[ZachF]

Orbital solar-powered cryptocurrency miners...

 

[mickificki]

I have exited my position as president of the Gary Black fan club.

 

[MTL_HABS1909]

View attachment 635062
I have exited my position as president of the Gary Black fan club.

Notice how he completely changed his Q1 outlook now that he sold his shares. This guy is and always has been a scam.

 

[MXWing]

I'm just glad now that the mods don't have to split BTC discussions into their own thread.
Next thing you know, TSLA acquires a big stake in GME and starts selling games online for BTC.
We sure live in an exciting time.

Me today seeing TSLA pump BTC
BTC pumping TSLA
TSLA pumping BTC

Market is still in absolute shock. The magnitude of this has not been priced in. I would love to buy from anyone here who wants to dump today.

I'm looking to add leaps to ARKW right now given it carries both TSLA and GBTC. GBTC can't be purchased as an option so this is the best way I think to leverage both on move ups.

 

[EVMeister]

Gary black bailed out of TSLA.

https://mobile.twitter.com/garyblack00/status/1358795340862873602

"I’ve made a lot of money on $TSLA over the past 18 months, and will look for a lower entry point to get back in."

That doesn't always end well, Mr Black.

 

[JRP3]

Karen not a fan of BTC https://twitter.com/enn_nafnlaus/status/1358767026265817088?s=20

 

[kanweg]

As of this morning’s TSLA news, Bitcoin has arguably become much more environmentally stable. Depending on the exact date in January of Tesla’s purchase of Bitcoin, Tesla’s investment in Bitcoin has likely grown enough to get 1/3 - 1/2 of the cost of the next Gigafactory for free. That is the ultimate Carbon Footprint offset. And by the time Bitcoin reaches $150,000 and Chamath buys The Hamptons, Tesla will have enough profit from this investment to build ~5 Gigafactories.

Chamath has wisely stated that it makes no sense to sell stocks like TSLA because of the problem it creates - “where would you put the money?” Today Elon has taken that logic a step further with TSLA no longer storing their piles of money in a WS bank for WS to leverage and for WS to earn all the interest on. Now TSLA’s money is at work making the planet more sustainable whether it is deployed in the Market or deployed on the Construction Site.

Where do you think the dollars Tesla paid for the BTCs are now?

 

[BrownOuttaSpec]

Here we go with more BTC talk in the main thread. I thought we had a place for this already.

Since everyone else is talking about it, I'll join the party.
1. FYI: There are tons of crypto currencies out there, not just Bitcoin: List of currencies and their pricing
2. It was originally speculated that Elon Musk was the creator of Bitcoin : Satoshi Nakamoto
3. Crypto currency mining makes it hard for gamers to get video cards
4. Crypto mining using a lot of energy and heat, aren't we supposed to stop global warming?
5. Bitcoin transactions need to be verified by the pool of miners. There are about 1,000,000 unique BTC miners.

What happens if 20,000,000+ Tesla can mine crypto in 2030? Or 1 person or company can control that much compute power to disrupt any 1 of 4000+ crypto currencies with the flip of a software update or command? The cars will soon have the compute power of a PlayStation 5 (very powerful). What if excess power from Supercharging (as the battery tappers off near full) was used for crypto mining?

Too many downsides for me to like Crypto right now.
1. What if you lose your password and therefor millions of dollars
2. Who makes the rules/protocol of bitcoin? "Once miners have unlocked this amount of bitcoins, the supply will be exhausted. However, it's possible that bitcoin's protocol will be changed to allow for a larger supply"
3. What happens once all are mined? Who is going to leave their mining rig online to just vote/approve transactions with no incentive.
4. Someone created better HW (Quantum computer?) or software (AI?) and keeps it for themself to take over productive mining.

I have had some BTC and ETH, and even some less known crypto in the past and I found it extremely cumbersome with all the wallets, markets, exchanges, passwords, fees, QR codes. I think its just a huge Ponzi scheme right now with more negatives than positives.

 

[BlackS]

That guy has been all over the place and I for one will be glad to see him not associated with tsla anymore. He talks with a lot of confidence for someone that was wrong on tsla stock moves repeatedly. Yes he got a couple right......he's at 50% accuracy at best though....so pretty average

So you're saying there's a 50-50 chance he's right? That seems to be 1000000% better than Gordo...hahahaha.

 

[Singuy]

Here we go with more BTC talk in the main thread. I thought we had a place for this already.

Since everyone else is talking about it, I'll join the party.
1. FYI: There are tons of crypto currencies out there, not just Bitcoin: List of currencies and their pricing
2. It was originally speculated that Elon Musk was the creator of Bitcoin : Satoshi Nakamoto
3. Crypto currency mining makes it hard for gamers to get video cards
4. Crypto mining using a lot of energy and heat, aren't we supposed to stop global warming?
5. Bitcoin transactions need to be verified by the pool of miners. There are about 1,000,000 unique BTC miners.

What happens if 20,000,000+ Tesla can mine crypto in 2030? Or 1 person or company can control that much compute power to disrupt any 1 of 4000+ crypto currencies with the flip of a software update or command? The cars will soon have the compute power of a PlayStation 5 (very powerful). What if excess power from Supercharging (as the battery tappers off near full) was used for crypto mining?

Too many downsides for me to like Crypto right now.
1. What if you lose your password and therefor millions of dollars
2. Who makes the rules/protocol of bitcoin? "Once miners have unlocked this amount of bitcoins, the supply will be exhausted. However, it's possible that bitcoin's protocol will be changed to allow for a larger supply"
3. What happens once all are mined? Who is going to leave their mining rig online to just vote/approve transactions with no incentive.
4. Someone created better HW (Quantum computer?) or software (AI?) and keeps it for themself to take over productive mining.

I have had some BTC and ETH, and even some less known crypto in the past and I found it extremely cumbersome with all the wallets, markets, exchanges, passwords, fees, QR codes. I think its just a huge Ponzi scheme right now with more negatives than positives.

Navi 2 base gpu is very bad at mining ether and it's not in same conversation when it comes to mining btc. Btc mining doesn't happen on gpus and haven't been for years. Asic were produced and beats out gpus by 100x at mining btc. Currently the gpu shortage is caused by etherium miners. Hopefully as btc becomes widely accepted, other crypto can just disappear as they are speculation based...like the next tsla stock in ev space.

 

[Chunky Jr.]

Looking at the TSLA chart today, It reminded me of the charts that ESPN have that show a teams chance of winning based on the current score. It hit me that I follow TSLA like a sporting event, and a day in the green is a win, and a day in the red is a loss. Like my favorite sports teams, i am interested in the players (Elon, etc), as well as the team in general and consume as much news about them as I can. Not sure why I never realized this before. As long as Tesla has a great team with a winning record, I'm on the bandwagon.

 

[Artful Dodger]

"I’ve made a lot of money on $TSLA over the past 18 months, and will look for a lower entry point to get back in."

That doesn't always end well, Mr Black.

No kidding, right? And just wait 'til Elon's mom finds out what he did...

Cheers!

 

[Beltsbear]

Bitcoin Energy Consumption Index - Digiconomist

For people wondering about btc energy usage. Is that per transaction energy usage correct? Kind of crazy if it's true.

Its way overestimated.

 

[AudubonB]

Hard to read through the10-K with the BTC announcement. However, I’ll note that the new # of shares outstanding means (meant, an hour ago) that that Yahoo Finance feed that my iProducts use were off (low) on their calculations of TSLA market cap by $10 billon (820.6 vs 830.6 at time of determination), corresponding to an error of 1.22%.

 

[henchman24]

I don't know how I really feel yet about the Bitcoin buy... I worry about regulation on crypto in general crashing the price and I really don't think Bitcoin is the future of all currency. Too many flaws in the system as it is setup to really be a true currency. As a store of value, it has more risks than just letting the money sit... but there are obvious gains to be had if others join in. I have more of a concern about Tesla accepting bitcoin as a payment and how they administer that. With the volatility it could be up or down 10% real quickly and hit the margins heavily. When it is a few hundred cars, not really a huge risk... but if it moves to 10-20% of sales, earnings could be as much about how bitcoin (or other crypto) is performing vs the actual ability for Tesla to perform.

 

[LiveLong&Profit]

How is this any more damaging to shorts than Tesla paying a cash dividend? What could be more interesting would be for Tesla to issue as dividends crypto stock shares that cannot be shorted. I'm not sure exactly how this would work, but it seems somebody must be working on such an objective.

! That would certainly be useful.
I don't understand the details of how this can be accomplished but the goal of 'short hedging' merits some effort indeed. Is it even legal to pay in something that is not legal tender? (I assume bitcoin is not)
If so can you force the stock holders to receive payment in non-legal tender? If not, then shorters can just ignore that and pay in dollars ...?

Ah, a glimmer of understanding, perhaps...
What if the necessary corporate actions were voted on and approved? (i.e. dividends can be paid in BTC if stock holder accepts it. Then only the legal tender issue remains.
However, a lot of us HOLD'ers are here due to - a large extent - Elon. So we would follow his lead and say: "sure, pay my cash dividend in bitcoin"
If a significant amount of institutional investors follow suit, then a big percent of the dividends would be in BTC. And that may be expensive for shorters. If Tesla have a really good quarter, such a dividend could be perhaps a billion USD equivalent - to be paid in a few days. That is a short time demand spike. So then: a double squeeze!

An even stronger case could be made if Tesla proposes corporate actions for paying *all* dividends in either BTC or other crypto. If you don't like it - sell the stock. That solves the legal tender problem.
Then shorting would get scary: What if Tesla has some really good quarters - and you know that Elon is studying the blade and looking for shorter scalps - both out of rightful vengeance and as an agent for public good. (recall that in the latest Munro interview Elon describes shorting as a kind of tax on stock ownership).
So instead of re-investing earned cash as his useful, frugal self, he decides to go big and for a single quarter max out the dividend and pay out in crypto.
Were I a shorter I would live in fear of such a scenario.

 

[TheTalkingMule]

"I’ve made a lot of money on $TSLA over the past 18 months, and will look for a lower entry point to get back in."

That doesn't always end well, Mr Black.

Cut him some slack, he's new.

As for BTC.....

At some point Elon Enterprises needs an extra-planetary currency, no?
Tesla is aiming to be the largest player in solar "by far".
Could this not just be the start of a logical transition to Elon-bucks?

 

[gabeincal]

Tesla Fremont Flyover - Feb 8, 2021. Enjoy