ELON sold his TSLA stock for $3.5billion. Will he re-buy BTC soon?

[Edwardard]

Elon is now a clear overall bear since he expects a global recession according to his latest tweet. He must have sold his BTCs as well (along with tesla) in loss which he bought at 38-39k area. I wish he gets rekt (atleast by btc, if not stonks), and learns his lesson the hard way 😁. Dont pay too much attention to his words, he cant control the market for long even if he is the richest man on planet. 😉

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[Chato1977]

Elon is very unpredictable, we can’t expect him to buy BTC any moment but I’m sure we will know that in time. If Elon us planning to increase his crypto holdings and its really a good news. For now, better not to get hyped and just focus on the price fact. Maybe there’s another reason why Elon sold his shares, that’s a huge amount of money.

but what if it goes sideways ? meaning instead of Bitcoin he invested in other coins?  though it may not but what if?
but actually Elon is truly unpredictable and there is surely a plan to earn more from this selling of stocks though it may be from other side of investing and not just in bitcoin.

[KingsDen]

What do you think? Is this time for BTC bullish again? Or Elon preventing from 2023 Global ressession by sold % of his TSLA stock?

Or... Will he buy dogecoin now?

What is the correlation between Elon Musk selling his Tesla stock and buying bitcoin. We all know that Eloo musk is an opportunist and also a great investor, a wise billionaire. Who knows if he has seen an opportunity somewhere else where he will invest. It could also be that he want to invest in his Twitter to take it to another level. In the other hand you may not be totally out of hand that he may decide to buy bitcoin or dodge with the money but I think the market is still at the centre of the bear. So Elon musk might not dive into the market now. I also wish to know how Elon selling his Tesla stock will prevent global recession. Does it sound like he is burning some coins to save his project? Lolz

[el kaka22]

I am pretty sure that he must had some issues to sell that much, he wouldn't sell otherwise. He was worth 300+ billion at some point, if he wanted to sell that would have been a better time to sell, in fact he could have sold 6 billion dollars worth then, and buy it back right now for half of it and all the stocks back, would worth it, and would still have the cash.

Selling right now means either he had to sell for technical reasons like it expired or something, or he just had to because he is in debt to pay some stuff like taxes or something. In any case, I doubt he would be buying bitcoin, he didn't sell for just wanting more money reasons I am definitely sure.

[Sir Legend]

With great money power of course it's normal for elon to speculate, now he sells TSLA and makes the TSLA price drop significantly and the current price is only around 1.5 cents, we'll wait whether he will pump again or not, and if he doesn't pump again then it is likely that TSLA will drop deeper.

[fzkto]

Elon is now a clear overall bear since he expects a global recession according to his latest tweet. He must have sold his BTCs as well (along with tesla) in loss which he bought at 38-39k area. I wish he gets rekt (atleast by btc, if not stonks), and learns his lesson the hard way 😁. Dont pay too much attention to his words, he cant control the market for long even if he is the richest man on planet. 😉

Yes, he has other problems now, and it seems to me that after the purchase of Twitter, as well as the huge losses of Tesla, Elon is definitely not interested in bitcoin right now. He is one of the richest people on the planet and a successful businessman, and such people invest in safer assets in times of crisis. I don't know if he sold bitcoins and at what price he bought it, but I wouldn't trust him either.

[naira]

What do you think? Is this time for BTC bullish again? Or Elon preventing from 2023 Global ressession by sold % of his TSLA stock?

Or... Will he buy dogecoin now?

Does it have to be a compelling reason to link Elon to Bitcoin? although it cannot be denied that Elon always makes a sudden physical market, it does not mean that he really invests in it. What we see today always presume that Elon obliges tweet after tweet after fleeting fud. Avoid investing in that direction, if you believe in Bitcoin there is no need to wait for someone who is rich to take it. It doesn't matter whether Elon buys Bitcoin or not, the fact remains that the market is moving the way it should.

[LogitechMouse]

I guess he sold his TSLA stock so that he has some money to be used for Twitter that he purchased.
His businesses aren't as profitable right now and his stock is continuing to plummet (like other stocks are doing) so... yeah I guess right now, he needs more cash to remain liquid and in case he needs something.

Now I don't know where the OP got that speculation. I mean yes, we are in speculation section but to think that he will buy Bitcoin or/and Dogecoin just because he sold his TSLA stocks is just out of this world. I can't relate it at all. He's done with crypto now and if he wants to get involved into it, I guess adding crypto payments in Twitter is the way to go.

[darewaller]

With great money power of course it's normal for elon to speculate, now he sells TSLA and makes the TSLA price drop significantly and the current price is only around 1.5 cents, we'll wait whether he will pump again or not, and if he doesn't pump again then it is likely that TSLA will drop deeper.

The current price of tesla stocks is around $150. I remember it was trading above $1000 when Elon reached the position of world's number one rich. (Not sure how many times tesla stocks got split out to multiply its circulating supply). Now the point is, either Elon is working on making tesla stock to be affordable to retail investors or selling or planning to buy back bitcoin like how he did with 1 billion dollars in 2021.

We have witnessed in Elon's pump in dogecoin and this may be the time for him to focus on bitcoin. In my opinion, Elon might have studied and followed the business strategy of MicroStrategy and might have planned to invest in bitcoin at bottom price levels. So, personally I am expecting bitcoin is going to bounce back because it is time for Christmas and New year.

[tabas]

Whether he buys or sells his Tesla stock, I don't think that we should assume that it will be more favorable for the bitcoin market because he'll use it to buy. Remember that he just purchased Twitter and I think he's still got a lot of balance on it for that acquisition made.
I wouldn't think that he'll use any penny on that money for buying bitcoin or any Dogecoin. He's got a lot of projects for his own companies and that could be more of the usage into those for funding.

[Jating]

On the contrary, when we speculated that he could have bought some bitcoin, the price suddenly goes down.

So it make sense that we really don't know for sure that Elon sold his stocks to rebuy bitcoin, this is very far from what we have witnessed in the last couple of days. Dumps after dumps pulling the price again to $16,750. And so we shouldn't treat Elon's every move to be very positive with bitcoin. Maybe he is really out of the picture and will not re-buy anymore. Or if there are crypto that we will opt to buy, maybe it's not bitcoin.

[ajanwalker]

Elon Musk follows the market. He will definitely make a breakthrough in the near future as he has sold his TSLA stake. Maybe he's buying BTC piecemeal. Or don't be surprised if he gets meme coins with a high total count and people tweet like I like this coin. Where did the doge, who came out as a joke before and said that even his team hadn't updated for 2 years, brought the money? Maybe he can do something similar. Now Twitter is completely his own and he can act as he pleases. If he's willing to wait 1-2 years, buying BTC or Eth might make sense.

[fzkto]

On the contrary, when we speculated that he could have bought some bitcoin, the price suddenly goes down.

So it make sense that we really don't know for sure that Elon sold his stocks to rebuy bitcoin, this is very far from what we have witnessed in the last couple of days. Dumps after dumps pulling the price again to $16,750. And so we shouldn't treat Elon's every move to be very positive with bitcoin. Maybe he is really out of the picture and will not re-buy anymore. Or if there are crypto that we will opt to buy, maybe it's not bitcoin.

The price usually falls and grows back just in case someone big wants to buy bitcoins. Especially since Elon has long been known to manipulate cryptocurrencies. But I don't think he's buying bitcoin now either, because I'm sure he bought it a long time ago and now he has no need to buy coins again. As for Tesla, we will find out about the purchase or sale in the next report.

[numanoid]

Elon Musk follows the market. He will definitely make a breakthrough in the near future as he has sold his TSLA stake. Maybe he's buying BTC piecemeal. Or don't be surprised if he gets meme coins with a high total count and people tweet like I like this coin. Where did the doge, who came out as a joke before and said that even his team hadn't updated for 2 years, brought the money? Maybe he can do something similar. Now Twitter is completely his own and he can act as he pleases. If he's willing to wait 1-2 years, buying BTC or Eth might make sense.

Elon has said bitcoin can make it, but after long winter. This means on next year or even 2024, we can say bitcoin would be still under $20k, remember when crypto crashed on 2018? The boring season or winter season that time last for 2 years, before bitcoin start rising again on last 2020

[ajanwalker]

Elon Musk follows the market. He will definitely make a breakthrough in the near future as he has sold his TSLA stake. Maybe he's buying BTC piecemeal. Or don't be surprised if he gets meme coins with a high total count and people tweet like I like this coin. Where did the doge, who came out as a joke before and said that even his team hadn't updated for 2 years, brought the money? Maybe he can do something similar. Now Twitter is completely his own and he can act as he pleases. If he's willing to wait 1-2 years, buying BTC or Eth might make sense.

Elon has said bitcoin can make it, but after long winter. This means on next year or even 2024, we can say bitcoin would be still under $20k, remember when crypto crashed on 2018? The boring season or winter season that time last for 2 years, before bitcoin start rising again on last 2020

It may take 1-2 years for the bull market to come again for Bitcoin. We experienced the decline after 2018. Of course, Elon Musk knows this cycle and will position accordingly. I think that he will definitely make meme coin or different investments, not just bitcoin. Since these people have a lot of money, they may wait for a long time, but I don't know if we can be patient for this long. Bitcoin needs to see 11k as soon as possible, otherwise it is not possible to have a solid rise.

[Lantind]

What do you think? Is this time for BTC bullish again? Or Elon preventing from 2023 Global ressession by sold % of his TSLA stock?

Or... Will he buy dogecoin now?

Another question is, is the Tesla company in big trouble? Because another problem faced by Tesla company voters is regarding the Twitter platform. Reportedly there are resignations of several employees. Does this have anything to do with the sale of Tesla stock? Elon owns so much company that he seems to have lost control of what he owns.

[Hamphser]

What do you think? Is this time for BTC bullish again? Or Elon preventing from 2023 Global ressession by sold % of his TSLA stock?

Or... Will he buy dogecoin now?

Another question is, is the Tesla company in big trouble? Because another problem faced by Tesla company voters is regarding the Twitter platform. Reportedly there are resignations of several employees. Does this have anything to do with the sale of Tesla stock? Elon owns so much company that he seems to have lost control of what he owns.

Its his money and its his rights and power on what he should gonna do on the companies that he do owns.It is really that we dont know on what are the things that are happening internally.

We do even have this recently.
Tesla Investors Complain That Elon Musk Is Spending Too Much Time on Twitter — On Twitter
https://www.entrepreneur.com/business-news/tesla-investors-tweet-to-complain-about-musk-and-twitter/441259

So it is really that correlated? Is Musk really taking the blame now? If we do see about selling off his Tesla shares for 3.5 billion then we cant really be that so sure
if these funds would be put up on Bitcoin or Doge investment or would really be putting up into other potential investment that he does have in mind? No one really knows honestly.
This is why lots of speculations and predictions around on what are the things that could potentially happen.Elon does really involved on lots of things and make out
some noises around the market.

[karabiber]

Elon Musk made a mistake by buying Twitter. He dived into politics with Twitter. He obviously made such a move for his economic interests. He may want to be more active in politics by buying Twitter. But everything has a price. $44 billion is a huge amount. I think Elon Musk sold his shares to complete this big money. He will not sell shares and buy Bitcoin with his cash. When necessary, he covers some of his losses with the doge. Elon Musk is not a market maker. He’s impact on the Bitcoin price is zero.

[STT]

No chance sorry, though it would be a better idea now then his prior purchase on the whole hype cycle.   Buy and use them sure would be good but I think the man has his hands full juggling social media rather then anything more practical like payment systems or electric cars even.     The share sales are to fund his section of the Twitter buy-out which has left the stock-market into private ownership under his control.   I believe he is by far the largest holder and so self appointed CEO of that company and he didnt get it cheap, the man is not poor but I doubt he is looking for things to buy right now imo.

He could have bought the Eiffel tower for billions and got a better yield back or any random large expensive object and it'd still he better then he likely realizes with such a large amount of capital put out for Twitter which isn't nearly as attractive as Youtube or similar.  I think he can do it, make a profit from it all but over years probably and by his time line thats a bit of a waste.  We'd all love for him to deploy BTC on that platform, put words into action as a real change to the world that'd be great to see but I'm doubting it currently;  I bet he just adds alot of adverts and sells it years from now.

[Iranus]

Elon is now a clear overall bear since he expects a global recession according to his latest tweet. He must have sold his BTCs as well (along with tesla) in loss which he bought at 38-39k area. I wish he gets rekt (atleast by btc, if not stonks), and learns his lesson the hard way 😁. Dont pay too much attention to his words, he cant control the market for long even if he is the richest man on planet. 😉

What did he do to you that you have to wish he got rekt? He is not an economist, but he is the richest man on the planet, so it is normal for him to make predictions about the world economic situation, if you do not want to hear it, you can ignore it.
Whether he or Tesla sells bitcoin will be announced in their financial statements, they cannot sell arbitrarily like retail investors like us. And also need to reiterate that he is the richest man on the planet, so he knows what to do with his bitcoins, no need for you to teach him how.
But in the end, I agree with you: he can never control the market and doesn't love crypto as many would expect.