Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
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Spacep0d
Member
You don't need to average in what dumb people think.
The truth is not in the middle of two extremes necessarily, and of course this is adjacent to the 'Middle Ground' fallacy. The whole reason you'd assess what is 'dumb advice' or 'smart advice' is to ultimately ignore the dumb advice (after initial consideration) when vetting your own conclusions.I took the bait and dear lord Fred can't do an ounce of research. Alex Alex (@alex_avoigt) / Twitter already covered this. The only building "missing" is the battery cell facility.....except that we all know Tesla will be sending the 4680 cells from Kato to Berlin for the first few months.
It's a hit piece. Took me all of 5 mins to find actual information on it. But ya know Fred....gotta get those clicks
Edit: Sorry, it's this twitter account that breaks apart this "report" JPR007 on Twitter: "EVERYONE WORKING HARD TO BRING TSLA STOCK PRICE DOWN TO MORE AFFORDABLE LEVELS !!! Tesla faces a "massive delay" to its target of starting production at its new European plant in the summer, sources told Automobilwoche https://t.co/Cpkn3FiZ5x" / Twitter
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What do you guys think China reaction to Tesla's Bitcoin? China banned bitcoin.
The Chinese can't use USD or BTC to buy a car in China. So...no one cares?
USD is very hard to obtain in China, so it's as good as banned as well. You can go from USD to Yuan with very little problem. However there's a hard cap on Yuan to USD unless there are additional purpose the government needs to know about.
Nocturnal
Supporting Member
Side note. I strongly encourage anyone who hasn't used crypto before to give it a shot. Put a few bucks in cash app, and then either send to a Coinbase account or your own wallet. See what it's like to send money back and forth. Even if you hate the idea of crypto it's an informative exercise. Getting a little bit OT here but there are also companies that give you interest and loans on your coins. You can get 6% on Bitcoin right now which sweetens the deal (but is slightly riskier than holding the coins in your own wallet).
It's as liquid as any currency (though I don't think it's a good currency per se). I agree that few will buy using BTC. Bulls will not be willing to part with their coins in that manner, and people who aren't bulls won't own enough. I figure it's part marketing and part test run.
The real question is, if I convert my USD to BTC in order to buy my next Tesla, can I avoid paying sales tax? You can't tax crypto after all!
Mo City
Active Member
Seriously? If this story were true, TSLA would have tanked before it got to Electrek.
My guess is that when BTC can be used, they will add a volatility tax on top incase the currency crashes. My guess is that this is not going to be a 1:1 exchange at market price...which fluctuates 200 times a day. So you'll end up overpaying like 20% more if you only want to use BTC(again guessing here but makes sense).
mickle
Member
Bitcoin payments would make more sense for things currently paid for by credit card, like supercharging, monthly data service, and in the future robotaxi rides. It will save Tesla 1-2% in credit card processing fees.
Nocturnal
Supporting Member
Technically but you are required to pay sales tax to register your vehicle right? Tax man still thinks you owe regardless so while it might be a little easier to get away with it, sooner or later they will get you.
My financial (tax-) advisor told me, that in france all "digital currencies" are considerd virtual & not real at all. So no taxes on any gains etc. pp.
He should know, as they also have customers there
But i am not suggesting that anyone should found a shell-company for abusing that until it gets regulated ...
Since this Twitter account has previously stated how the sell weekly options and since they have a good amount (ca 48k) of followers and since they frequently make strange assertions, I can't help suspect that they (subconsciously?) tweet in an attempt to influence the stock price when it's moving against them.
But what does a Bitcoin transaction cost? I thought I read that they were $10.
Btw, Gary and all these guys need to calm themselves. If institutional investors doesn't like Tesla holding all this BTC, Tesla can very easily liquidate a major position just to calm boomers. It'll make Tesla a cool few hundred million as of today since they are first mover. BTC traders wouldn't know until months later. Soon we will have Gordon talk about how Tesla's Gaap+ came from BTC trade and reg credits if this ever happens. However if BTC goes to 60k, then Tesla got themselves a free gigafactory with their 4D chess. They can't lose.
Forget about sales tax. If someone can buy a Tesla straight with BTC, they won't have to sell the BTC or pay capital gain tax on it. I wonder how that's going to work out.
So what is TSLA’s BTC multiplier going to be?
I don’t know, but I’m pretty sure it will be greatly exaggerated on downside moves.
I don’t know, but I’m pretty sure it will be greatly exaggerated on downside moves.
No it won’t make sense. There will always be a miner fee with BTC.
What Tesla needs is a cryptographic protocol that can send data and ANY value for no fee. That’s the holy grail and many people are working to solve that. Someone will, and that’s when all Musk’s companies will use it. From SpaceX to Neuralink.
How dare you call Micah Toll's electric bike review site weak!
The IRS still taxes that transaction as capital gains...
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