Tesla Bitcoin purchase

[Kemarit]

Exactly, here is the official documents: https://www.sec.gov/Archives/edgar/data/1318605/000156459021004599/tsla-10k_20201231.htm

And I doubt that they will fake that document because it is being submitted to SEC itself, and it they did fake it and SEC find out, they will be penalised heavily so I would say that we have to take Tesla and Elon Musk word for it.

No doubt.
It's all legal.
My work before is grabbing information in sec.gov about annual and semi-annual portfolios of different mutual funds.
There is no faking that when it is submitted there.

He had the money and power to purchase so let's all leave it like that.
The only thing we should be looking forward to is if it will affect every individual to use Bitcoin as means of payment.

Thanks, there you go, no faking of information and once you submitted, it becomes a public documents that anyone can see and grab.

And yes, I agree they have all the money to back up their claim as well so I guess there should be no debate as there are no motivation for Tesla and Elon to really create an elaborate hoax about their bitcoin investment.

[lankymanx]

HI guys, i am curious here, we do not know the exact date when Tesla bought Bitcoin or do we?
8th of Feb is when i was aware of this in news but apparently their buy/ or multiple buys were done earlier based off assumption...

On the bitcoin chart 29th Jan 2021 there was a huge Green candle which maybe represents the buy or a piece of the buy? The candle represents a 12% move in the chart to the upside, and the value was 4510.31 but not entirely sure how it is read or measured.

Then

On the bitcoin chart 8th Feb 2021 there was a huge Green candle which maybe represents the buy or a piece of the buy? The candle represents a 10% move in the chart to the upside, and the value was 4271.30 but not entirely sure how it is read or measured.

So, interesting and was curious anybody here has more information and or what these candles may have represented if they were not part of the buy of the Musk flavor.

Thanks

[franciscoDC]

For now there is no transaction but founder of tesla planning accepting bitcoin as payment method and im sure it is gonna be big impact in cryptocurrencies as if this happened and far as i know the reason of pumping bitcoin aslo doge is Elon this is my only opinion he got the hype and also influencer.

[AniviaBtc]

Very good question. I'm always leary of anything unproven.. But I hope it's there .
Also something about Apple, and bout visa to getting interested in BTC . I'm retired and in my life I came to wait for the real hard facts .
Anyone can speculate ,but it's better to be sure !

If Tesla was lying about their 1.5 billion USD purchase, then how will you explain the surge of bitcoin prices right after Tesla announced their purchase? We have to take their word for it even if we are skeptic about it. Hopefully, the rumors about these companies getting interested in bitcoin is something that will come to fruition, I agree that it is better to be sure but this are just rumors after all, we just have to wait for their announcement, sometimes the real hard facts are not facts until they are confirmed.

Bitcoin's price is a proof that Tesla really pumped bitcoin's price in the market by buying a huge amount of it.

$1.5billion USD amount of bitcoin is really something else and it takes a big company for that to be able to come into reality.

Tesla can do anything because it is a big company that allocates its money to help our technology develop and investing in cryptocurrency is not impossible for them.

[Yatsan]

Haven't been able to check it yet but the founder of Tesla have already release a statement confirming the purchase of Bitcoin which we can gradually state as a proof that actual purchase it true and it is existing. Also, the event have been covered in the news which I think can already be considered as a valid proof since the owner himself already have discussed it on public through news and his social media platforms and we already saw a big improvement happening in the crypto market that is somehow influenced by the news that have been released of Tesla purchasing a big amount of Bitcoin which is $1.5 billion that is pretty a huge and expensive amount to be bought by the owner himself.

[elisabetheva]

What has been informed to the public about the purchase is only news of sensation !!! whether it is possible to be done by a large company that has good credibility, I think it will not be possible.

I think it's too a priori what is being asked by the OP because there is already a clear institution that also provides information and it is impossible to do because the reputation it carries clearly requires legal action that is not normal has been done.

but also it will not be possible to buy directly, maybe separately because it takes a large amount to prepare so it takes a broker who does and maybe not a purchase in one transaction but several times and with trades that may also be different, also confidentiality needs to be taken into account for this kind of transaction.

[Red Pie]

I have no information about this question.  The amount of bitcoin tesla receives is huge.  this shows his faith in bitcoin.  It is more important to me than buying one at a time.  No matter how he bought it, the important thing was that he made a purchase.  Elon Musk will advance bitcoin like a dynamo in the coming years.

[Shasha80]

I don't need proof that Tesla bought Bitcoin or not, because the most important thing for me was that the news spread that Tesla was buying Bitcoin
make Bitcoin pump. So I'm not really curious about the Bitcoin purchase transactions made by Tesla. But I believe Tesla is actually buying Bitcoin,
because it can't be by chance that the Bitcoin price will suddenly go up. It would take a large amount of Bitcoin to be purchased which could make
the Bitcoin price go up this far. After all, Elon Musk has confirmed this, so there's no need to doubt that Tesla actually bought Bitcoin.

[siopis]

I don't need proof that Tesla bought Bitcoin or not, because the most important thing for me was that the news spread that Tesla was buying Bitcoin
make Bitcoin pump. So I'm not really curious about the Bitcoin purchase transactions made by Tesla. But I believe Tesla is actually buying Bitcoin,
because it can't be by chance that the Bitcoin price will suddenly go up. It would take a large amount of Bitcoin to be purchased which could make
the Bitcoin price go up this far. After all, Elon Musk has confirmed this, so there's no need to doubt that Tesla actually bought Bitcoin.

Only the info could cause the price pump, bitcoin doesn't need Tesla money only the advertisement was more than enough.....

[yohananaomi]

I have no information about this question.  The amount of bitcoin tesla receives is huge.  this shows his faith in bitcoin.  It is more important to me than buying one at a time.  No matter how he bought it, the important thing was that he made a purchase.  Elon Musk will advance bitcoin like a dynamo in the coming years.

sometimes people still question how @elonmusk buy bitcoin so much and through what mechanism they can, some even want to know the transaction. even though it is not something that is very important because what you can see is the impact that is happening now on bitcoin due to what he has done.
obviously not only @elonmusk are buying, but big brokers and companies are also looking for the opportunities that are most sought after.

I agree with your opinion that the impact of @elonmusk can advance bitcoin because at this point Bitcoin has made an extraordinary surprise, 4 days in a row doing ATH, since the 16th, 17th, 18th and now. will continue !!! yeah ... clear and we'll wait for that.

[scottsanderman12]

I came up with the idea of bringing together Nvidia and Tesla to integrate the most powerful video cards into the cars. Legal mining on wheels all over the world.

[BChydro]

Has anybody actually seen the Tesla purchase on the blockchain to prove it actually happened?..would be interesting to see it if it was a single transaction?

I have not seen anyone dissecting the investment from Tesla but the news came out from the SEC documents and it was published in some of the articles and i do not think anyone knowing their wallets and transaction ID, in the future we might see someone searching those and identifying them. But one thing is sure, the events are true as the documents came out are from what they produced to SEC.

[yohananaomi]

No doubt.
It's all legal.
My work before is grabbing information in sec.gov about annual and semi-annual portfolios of different mutual funds.
There is no faking that when it is submitted there.

He had the money and power to purchase so let's all leave it like that.
The only thing we should be looking forward to is if it will affect every individual to use Bitcoin as means of payment.

Ok, thank you for the information that is very encouraging because it is such a reality and we should support it so that everything can run smoothly with the existence of bitcoin which is increasing every day. which indicates that all of that is clearly real and in the end many have come to buy too so that the bitcoin market is increasing sharply.

we cannot underestimate the role that the company it carries is also one that is clearly capable of making such many transactions. So there is no doubt what it is doing, the market also sees this information as a positive thing that keeps bitcoin moving up, which affects many others who want to participate to enjoy the increase too.

[iTradeChips]

Definitely this is all legit, I mean it is Elon's reputation is at stake if the news turns out to be false and he got caught. Why would he lie in the first place if he did not invest in those coins? So it is really all legal and there is nothing for you to worry (if you are even worried at all - hence this post). For the decision, I do not know about that but it might be a business decision or maybe he might be building a crypto company and will be using these coins for his future projects.

[vin1103]

i never seen some one using bitcoin to purchase tesla, not just tesla some web store or market place accept bitcoin as payment, the last one year bitcoin is getting more and more popular because its price has jumped to more than 50,000 $, who doesn't want to accept bitcoin
 

[maculeth]

how come, when on the blockchain we can't see the name. isn't it by looking at the wallet he has, it proves that he has a lot of bitcoins? whether it's buying or from whatever it is.

[Vishnu.Reang]

TSLA stock is not doing very well right now. Yesterday, the prices crashed by almost 9%, although I don't think that it had anything to do with Bitcoin. Ever since the start of 2021, the stock has lost almost 20% of its value. And even at current levels, the P/E ratio looks hyperinflated (>1,000). My biggest worry is that if this hyperinflated stock crashes at some point in the near future, then critics may use it as a weapon to attack Bitcoin.

[ChrisPop]

I haven't checked and I don't need to check the transaction on the ledger. First of all I don't base my decisions on what Elon Musk is doing and second of all I trust that if something gets published on SEC website is likely to reflect the truth.

TSLA stock is not doing very well right now. Yesterday, the prices crashed by almost 9%, although I don't think that it had anything to do with Bitcoin. Ever since the start of 2021, the stock has lost almost 20% of its value. And even at current levels, the P/E ratio looks hyperinflated (>1,000). My biggest worry is that if this hyperinflated stock crashes at some point in the near future, then critics may use it as a weapon to attack Bitcoin.

I do believe Tesla is overvalued as well. Trading at 1,000x P/E is not sustainable and not healthy. I wouldn't touch TSLA now. If I want exposure to Bitcoin I can get it myself.

[MinoRaiola]

Tesla was in a hurry, I hope you understand this. Although the price has increased, but for how long?

Elon could have equipped Starman with a BTC and sent him on his way to Mars. Crazy idea, but a tesla in space is also crazy.


SpaceX engineers and Elon Musk wrote space history when the Falcon Heavy went into space. The Falcon Heavy is the most powerful rocket since Saturn V, which belonged to astronauts on the moon almost 50 years ago. The red Tesla of the eccentric multibillionaire Musk, a luxury vehicle costing 100,000 US dollars, feels on board the super rocket. Six hours after the start of the car and its passenger - an empty SpaceX astronaut suit named "Starman" - course to Mars.

Live Views of Starman
https://youtu.be/aBr2kKAHN6M

Where is Starman going to be in the future?
https://www.whereisroadster.com/charts/

DON‘T PANIC!....BTC in Space  

[elisabetheva]

Tesla as a well known person with and identity can not come out and lie about the purchase of bitcoin and as a big man he may not have to publicly display his block transaction to prof a point him posting it on his Twitter handle is enough evidence.

not all transactions must be informed by the buyer, especially buying at a large price will certainly involve several brokers for the purchase.
for a large company to lie clearly would have an impact on credibility. Stocks on the market will go down because you don't believe it will cause the value of the stock to decline, but you see for yourself Tesla stocks are still the best.