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

RobStark

Well-Known Member
Jul 2, 2013
10,509
54,246
Los Angeles, USA
1621245255404.png
 

lascavarian

Active Member
Jul 27, 2017
1,148
5,957
usa
Elon just clarified Tesla hasn’t sold any more Bitcoin, causing it to rise 5% or so. Maybe they will cancel their cyber truck cancellations
Ahhhh, ransom ware at its best. That surely is another of cryptos several disasters once you get past the destroying the earth part.

Maybe we need a new app to tell what do.😀

 
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Reactions: joh01652

mars_or_bust

Member
Apr 20, 2019
147
1,457
EU
Elon just clarified Tesla hasn’t sold any more Bitcoin, causing it to rise 5% or so. Maybe they will cancel their cyber truck cancella

This is consistent with the earlier statement,,

In spite of all the drama the only real change is Tesla no longer accepting BTC payments for cars, apparently that is due to increased emissions, caused in part by more mining and the higher price ... (I may not have that 100% right .... this area is murky).

The implication is Tesla will accept BTC payments and sell BTC when emissions are lower, and.or Tesla will start accepting payments in Crypto coins with lower emissions.

So it is consistent with the mission, to deal with Tesla, Crypto communities need to embrace lower emissions...

My take is that the BTC community is inflexible and BTC is in efficient, but if we wait long enough, all Crypto will have low emissions.

In the meantime Tesla will continue to grow cash reserves and/or invest in new factories, they may diversify to hold other Crypto.
But we can expect the BTC position to stay relatively constant and smaller part of their liquid assets.

If there is an emergency need for more cash, they might have to sell BTC or raise capital, that scenario looks very unlikely.,


The entire BTC community has shown itself to be disappointingly inflexible, and more cult like than the most rabid Tesla fans :) Worse than TSLAQ, in fact.

It was indeed quite disappointing to see posts like the following from Adam Back, who is, in my opinion, 90% probably Satoshi himself:
1621246415040.png



Adam is not stupid though, and after BTC crashed (in large part due to his, and his minions hissy fits towards Elon), he did significantly tone down his attacks.
 

22522

Active Member
Jun 6, 2016
1,736
3,328
Texas
By the time most of you will have woken up Elon will be at 55m followers. At this rate Elon will be at 90m followers on the 1st of April 2022. Still not an early April fools joke!

Market cap. I am a bear and here is the proof: Model assumes a p/e ratio of 50. That is a 1200% reduction on today.

You have to keep things sensible to avoid the dreaded quadrillion, which most people don't even think exists as a number. $0.125q just looks like a rounding error.
Elon has 55 million followers.

The MMA guy getting an apology from Elon about how slow they are is the best thing to happen to Tesla in the past year. Shifts focus. Gains customers. The guy said disrespect. Had the ring of truth. Someone needed to light a fire under Tesla. Could not have asked for better taunting. Attracts attention. Produces results. Message was on point, "Safe car."
 

H Mak

Member
Mar 16, 2020
432
6,281
Liverpool

"Revive your car when you grab a coffee as Costa installs rapid charging points​


Coffee chain seeks to seize on electric vehicle boom now as more drivers are no longer tied to petrol stations"



From today's Telegraph. Costa are aiming to install charge points at 200 of their locations in the UK. Well done Costa.
 

jkirkwood001

Supporting Member
Feb 20, 2018
1,007
2,565
Ottawa, ON
Bitcoin mining is not productive. Period.

I've never "invested" in crypto because I don't consider it investing. It's gambling. I invest in productivity and I've never understood what Elon saw in Bitcoin. I just figured he had his reasons that I couldn't see. Could it be that he doesn't like crypto because it doesn't represent true productivity any more than the US dollar or China's Yuan? We know he has a dim view of money compared to productivity. Money is only important because it represents productivity, even if that representation is far from perfect (Bitcoin able to be converted to USD is but one example).

I have no way to value Bitcoin (or Doge coin for that matter). Neither does anyone. It's like a stock without an underlying company. Let that sink in.
Agree. It's even more "useless" than gold, a familiar alternate to fiat, which at least has useful and unique physical properties.

Bitcoin is money for money's sake. Pure greed, not even functional like Etherium if my lay person's understanding is correct. Not inspiring at all IMHO.
 

ItsNotAboutTheMoney

Well-Known Member
Jul 12, 2012
10,543
7,700
Maine
I'd expect to see continued attacks from the crypto community against Elon. The worst edges of the crypto community are far more rabid than the short seller community we normally see with Tesla. I've been invested in cryptos for nearly 10 years with varying levels of interest. I followed the conversation closely in 2016 around the blocksize debate and there were no punches pulled. People were using every dastardly trick to discredit eachother - bot spamming conversations, hacking, doxxing, getting moderators removed to control narratives, intentional lying to a level beyond what I have seen from standard Tesla shortsellers, reporting people to regulators/authorities where possible. Every dupe, hoodwink and conniving edge was used to discredit opponents. The actors in this space are tech natives whereas most of the short sellers rely on a CNBC interview or paying a few reporters to lie.

The value for cryptos at the moment is mostly driven by belief (IMO), although I believe the tech has great promise to replace substantial parts of the current financial ecosystem. Elon has brought an existential threat to the forefront of that belief system - it is not a sustainable store of value because it relies on bucket loads of dirty energy. The issue has always been known but is normally talked down or pushed into the future in favour of other topics. It is difficult for the world to ignore when Elon states he is taking real action against Bitcoin due to energy usage and it tarnishes the belief that Bitcoin can be a long term store of value if it is currently unsustainable.

I don't think it's a long term issue for Elon/Tesla and is likely to be a good thing for crypto (eventually) as it will force innovation towards sustainability. But I do expect to see some pretty wild attacks towards Elon in the short term.
Bitcoin is like gold. It can store value, but it's inefficient for a payment system.
 

Nocturnal

Supporting Member
Aug 23, 2018
6,486
33,781
Deepening Crisis!
I just wish Elon would ignore or avoid this sort of drama. It really is beneath him. I totally get the impulse for him to say "fine, I guess I'll sell it all out of spite" but that's not CEO talk. Of course anyone who has held TSLA for any period of time understands this is who Elon is. You get this petty stuff along with the brilliance.

Personally this feels like previous periods where Elon was under a crushing amount of stress and was acting out. Invariably we could tell when the company was about to take off when his mood changed. I hope we see that change happen soon.

Elon has 55 million followers.

The MMA guy getting an apology from Elon about how slow they are is the best thing to happen to Tesla in the past year. Shifts focus. Gains customers. The guy said disrespect. Had the ring of truth. Someone needed to light a fire under Tesla. Could not have asked for better taunting. Attracts attention. Produces results. Message was on point, "Safe car."
Agreed. That was extremely valuable advertising. The MMA guy's complaints came across as impatience vs hostility ("I need a safe car for my kid" like you mentioned). It reads as someone who is really impatient for an amazing new toy and Elon's simple "sorry we will get it to you soon" comment was a perfect response.

Moneyball on twitter. Battery prices are going up. It could be part of the reason Tesla is increasing vehicle prices.

It's getting impossible to buy nearly any durable good. I managed to grab a boat this month by buying it sight unseen. I also want a personal watercraft but there are literally zero available for sale anywhere near me. Between covid production impacts and post covid demand spikes we are going to see wonky stuff this year. People are going to start selling things they wouldn't have otherwise.
 
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elasalle

driVIN(188xx) it !!
Jan 26, 2016
4,324
23,878
VA
I go on the news sites and everywhere it's Elon Musk/Bitcoin bla bla. I go on Twitter, (the majority of people I follow are for Tesla content) and it's all Bitcoin bla bla. Then I come on here.
Does Tesla still make cars?
Today should have been about the refresh S in parking lot. (it still is for me ... ;) )
Having info that others are ignoring is an advantage.
 

UkNorthampton

TSLA - 12+ startups in 1
Jun 15, 2019
663
5,748
Northampton, England
I go on the news sites and everywhere it's Elon Musk/Bitcoin bla bla. I go on Twitter, (the majority of people I follow are for Tesla content) and it's all Bitcoin bla bla. Then I come on here.
Does Tesla still make cars?
making cars seems to line up with the Mission Statement...

Tesla’s mission is to accelerate the world’s transition to sustainable energy.​

 

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