Why Did Tesla Dump Its Bitcoin?

Why Did Tesla Dump Its Bitcoin? thumbnail

Jeff Brown The Near Future Report

Get the “Ultimate Guide to Bitcoin” course:
n
Use the discount code YT99 to get the best price.

Get my best-selling Bitcoin book:
/

Join the Trader University email list:
t

In this video, I discuss possible reasons why Tesla sold 75% of its Bitcoin holdings.

It was probably a combination of pressure from the ESG lobby combined with cash management to make its balance sheet comps look better, and to stockpile cash due to the uncertainty surrounding China lockdowns and their effects on Tesla’s Shanghai plant.

It would be great if Elon stopped talking about Bitcoin. He not only has a subpar understanding of Bitcoin (including how it uses energy), but he also has a history of pumping garbage like DOGE.

Tesla’s actions are a good reminder to also pay attention to our own financial liquidity, so that we will not be forced by external circumstances to dump our Bitcoin during a bear market in order to raise fiat like Tesla did.

Not investment advice! Consult a financial advisor.

Sell Your Bitcoin, Elon:
/>
Elon and DOGE:
4

Elon and Bitcoin energy FUD:
3

Tesla has diamond hands?
2

Q2 2022 Tesla update:
/>
Tesla SEC filings:
/> />
Tesla had a realized gain on BTC sale:
e

Elon’s explanation for why Tesla sold some Bitcoin:
/> 6
2

Check out my online trading courses:
n
Use this secret coupon code to get a discount: YT99

Check out my Amazon best-seller, “A Beginner’s Guide to the Stock Market”:
5

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#bitcoin
#tesla
#elonmusk

Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.