BIG THX for your amazing comment @awah

First, Elon Musk obviously believes in crypto and he understands the technology and the markets.

I'm not sure if you understood my point. What if TESLA bubble would burst. Obviously for TESLA their own shares (assets) are the most important. So they would do anything to limit that damage. And I would expect them selling off part of their BTC (reserves) to carry on with buy-backs.

So it doesn't matter much if Elon/Tesla do understand technology. It's all about protecting what has biggest value. And for TESLA their stock market price matters a lot.

Either way, I wanted to bring some attention towards it as I consider it important to understand strong relation between BTC and Tesla. Something we didn't have to worry about in the past.

Imagine FUD and wave of panic if mass media would bombard everyone with information, that TESLA is selling their BTC to rescue their own stocks. And this is real possible scenario.

ps.
I found it interesting that just few days after this post, shares of Tesla on stock market crashed down rapidly and BTC crashed as well at the very same moment.

It's hard not to see huge corelation between those two. Wouldn't you agree?

ps. you may also find my recent post interesting :).

Cheers, Piotr