Tesla made a profit?? (click to find out!)
Howdy gang!! We all heard about the Tesla sale of its 75% BTC but did it made a profit??
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**Source: AdobeStock / Aleksei Potov**It seems Tesla needed to sell the digital assets to have a positive Q2. They of course have a 218m worth of digital assets, mostly BTC of course. They are calling it a "realized gain" that translates that they DID made a profit selling, and of course this caused some sort of panic in the market, but not enough to do the good ol' sell high buy low scheme hehehehe but smart, whatever Elon companies do is always to see it with a "what's the catch...what is the true reason for this" cause the companies are about making money and this move it might seem of a fear sell but there was a reason for it. And as Elon Musk stated that he didnt sell due to a lack of confidence but because of COVID their factories started taking a hit and they needed the money.
This quote is from Chris Terry, BPSAA (Blockchain Privacy, Security & Adoption Alliance) Board Member and VP Enterprise Solutions at SmartFi, the US-based open lending platform.
**Informational Purposes**and he called it a good risk managment from the richest man in the world. So there you go folks, it was all about showing profits and not because they dont believe in crypto. So be calm and keep hodling hehehehe.
By Fredrik Vold
Source:
Have a great start of the weekend people!!
Be well and saty safe,
Your friendly cryptor, AndyHuerta.
