Tesla has sold 75% of its bitcoin holdings, electric car maker reveals | CBC News

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Profits at electric car maker Tesla fell by less than expected last quarter, boosted by price increases and the sale of three quarter's of the company's reserves of bitcoin.

Posted: Jul 21, 2022 10:10 AM ET | Last Updated: 5 hours ago Tesla CEO Elon Musk says he worries recent price hikes for the company's cars may eat into consumer demand.

 

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Not a good sign when a company sells financial assets to cover its operating revenue results. How much is the stock down from its highest level? Hmmmm…..

'Profits . . . fell by less than expected' Is a cute, misleading at first glance, way of saying things are pretty good at Tesla.

Remember when Pierre Poilivier said the pensions of Canadians should be invested in Bitcoin, Just a friendly reminder…

How much longer will they profit from regulatory credits?

Fuck Elon musk.

I thought these smart investors sold when prices are high?

Tesla is a meme stock who's CEO engages in market and stock price manipulation. Caveat emptor.

Boosted mostly by Governments handing them cash in the name of the environment. Stop giving Elon more money.

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