Something is off. Shouldn't Tesla focus on making better cars instead? $1.5billion is not small money and I need to remind you, Elon didn't pay from his own pocket. This is the shareholders' money he is putting on bitcoin. Also Tesla shares went down a lot after this purchase. So I don't think the Tesla share holders really liked that move. It is one of the most dumped stocks now. Lost more than 20% from its ATH.
well, disappointed with the result because I thought they were good after the purchase, and people expecting a huge impact on the market.
But on the other side, Tesla moves into crypto significantly giving attraction to the other companies to follow. As people heard about Elon Musk supporting Bitcoin, Telsa is buying that huge amount, people will think that this investment could really be true in the future. That is probably the appreciation we might hear.
But what happened to Tesla is an internal problem, might stockholders not really confident about Bitcoin but only just Elon Musk. And this will not affect the price trend.