I am not completely sure what price they bought in, but as mentioned before it seemed it was around 30k-50k.
Also, why would a company like Tesla be in such need for cash that they decided to sell their Bitcoin investment at a loss?
I believe it is highly unlikely they needed the cash, keeping in mind their stock price is relatively stable at the moment, around 700$ per share.
I'd dare the speculate that this was the result of pressure by some shareholders that thought it was a good idea to panic sell or perhaps this was a preventive measure in the advent of thougher environmental regulations against PoW cryptocurrencies and those companies that holds them.
In any case, this only works as a reminder that there are people in this forum that are more authentic Bitcoiners holding a few satothis than a big company holding thousands of BTC.
I'm on the same motion with you! I think they needed cash which was the most available to solve the issues they had at that point ( I heard they laid off some of them employees ). I also think they are still carrying experiment of holding Bitcoin. Some peeps who have Elon as them Social media influencer must have panicked sell though but did sell of those Bitcoins reduce the price of Bitcoin in anyway ?
No if I can recall vividly.
Fiat currency are debased and losses it value day after day, also backed by the government which we all know are in support of privacy and Bitcoin to an extent. It was a good chance for peeps to stack up those little SATs. If they did great, if they didn't then it's up too them own detriments. Bitcoin is a better investment when bought, and held for long term purpose ( 4- 7 year's interval )
