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Tesla Earnings and Tesla Sells 75% of their Bitcoin (Patreon)

Published:
2022-07-20 20:24:00
Imported:
2022-08

Content

In big news, Tesla sold 75% of their BTC holdings - sold the bottom.

Earnings beat lowered expectations and is up after hours.

Tesla selling BTC was one of my concerns.  BTC is also falling as Tesla is going up.

Tesla reports Q2 2022 earnings beating EPS by $0.46 ($2.27 vs $1.81)

Revenues rose 41.6% YoY and company reaffirms expectation to achieve 50% average annual growth in vehicle deliveries over multi-year horizon!

May still see some weakness tomorrow.

Pair chart is due for a mean reversion anyhow. 

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Comments

Anonymous

Should I buy? Should I sell? If you’re asking others, you should do neither. I encourage to first make a plan.

Anonymous

Net cash decrease had they not sold 75% btc

Anonymous
>>88011258

Couldn’t agree more. I cringe when I read those questions but totally understand the need to ask.

Anonymous
>>88011258

If you're looking for short-term trades, there is no clear answer. If you are looking at a three to five year timeline, the answers are easier.

InvestAnswers
>>88012145

totally and that is my main concern. they almost had to do it as the Gigas are Cash Furnaces

Anonymous
>>88011258

Yes, RB. So do I. (Edit: and I wince out of pain, not because I think it’s funny. We both do. And I understand the feeling of the need to ask, like RB said. Hence “so do I”.)

Anonymous
>>88011258

Mr Snipes. do you really mean it? Were you borne with all the knowledge you have? No one taught you anything? You never asked no one for help? You are superman. No offence. We all need to learn along the line. If it is humour than i am not following the joke. Helping people is a gift. So help people make a plan. Take care

Anonymous
>>88011258

Hey, Walter. I do mean it. It is absolutely NOT a joke and it’s not funny. It’s dead serious and I hope it helps at least one person from getting REKT. Lives have been ruined. And if it sounded like I was being sarcastic, I wasn’t and didn’t mean to come across that way.