Posted on May 12, 2022
Tesla's billion-dollar bitcoin bet may be under water as crypto crashes
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Tesla bought $1.5 billion in BitCoin back in February 2021. Tumbling price in May 2022 may heavily devalue their former investment.
Tesla's billion-dollar bitcoin bet may be under water as crypto crashes
Posted from businessinsider.com
Tesla Motors
Bitcoin
Investing
Finance
Posted 2 y ago
Responses: 3
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I wonder if every single stock that crashed during the Great Depression never gained value. I do know the DOW is a wee bit higher than it was 100 years ago. Investing - in anything - is a LONG TERM game. I'm sure Elon can manage - and I predict while the majority watch as their portfolio value shrinks, his will weather it fine and possibly even grow.
https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart
https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart
Dow Jones - DJIA - 100 Year Historical Chart
Interactive chart of the Dow Jones Industrial Average (DJIA) stock market index for the last 100 years. Historical data is inflation-adjusted using the headline CPI and each data point represents the month-end closing value. The current month is updated on an hourly basis with today's latest value.
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I was feeling bad about my Tesla stock today, until I saw Bitcoin. Who knows if they have it all, or maybe sold some off when it was double what it is today.
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