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

[dansus021]

Is it bad on his side to sell his own stock of the company he own? Probably yes. This could trigger panic selling of others but what can we do? He may need the funds for running on business or other matter. For sure he will bought it back again when he have extra funds or the price plumetted after he sold his shares.

As far we can see I think when the news is showed up to the public, people already panic selling, this year alone tesla has a massive downturn 62% from the previous year. and sure I have same thing to say maybe he need to buy twitter or just need cash for take profit before its hit lower low again.

and i don't think Mr. Elon buy Btc at the moment, he also rarely tweet about crypto again  we don't know, the fact we know that Mr. Elon already pulled out crypto payment from tesla and tesla itself already sold their bitcoin

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[fullhdpixel]

If the recession is really coming he's going to need some money to keep the factories running.
Maybe he's expecting his car sales to go down? Maybe he wants to invest more in his social media empire because I heard many people are leaving twitter because they don't want to work under Musk.
Musk was supposed to start a green bitcoin mining business but since BTC went into bear market we don't hear much about this idea anymore.

As for his dogecoin investment, I couldn't care less.

That is what everyone is saying that there might be a recession that will happen next year. True or not, it is always better to prepare for it. I think that is one of the reasons on why Elon musk sold some of his stocks but I don't think he will buy a Bitcoin. He don't like BTC anymore remember?

But, doge coin maybe though I don't think the quantity will be huge. He knows that doge coin is only just a meme coin and not something that can be considered as a safe haven when recession comes. About Twitter, those who leave are only the ex-employees but existing Twitter users are still there. Twitter is too useful for them to abandon it.

[dothebeats]

How is this good for bitcoin, or going to prevent a global recession For all we know, Elon is already trying to save his ass and keeping some $ for himself as he is already expecting the worse when it comes to Tesla and his companies. It could be any reason Elon has but for sure bitcoin, or any crypto for that matter, isn't the reason. Perhaps that amount will be use to continue the shitshow twitter is right now? Whatever it is, I'm definitely sure it's not something related to cryptocurrencies.

[Vinaa77]

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?

It is possible that he will come back to buy Bitcoin or Dogecoin. But I think the sale of Tesla shares has more to do with new projects on twitter. Be it financing for the next stage or there is a problem to be solved that requires a lot of money. But I believe Elon is running a new project that costs that much, not to buy Bitcoin or Dogecoin.

[coupable]

If the recession is really coming he's going to need some money to keep the factories running.
Maybe he's expecting his car sales to go down? Maybe he wants to invest more in his social media empire because I heard many people are leaving twitter because they don't want to work under Musk.
Musk was supposed to start a green bitcoin mining business but since BTC went into bear market we don't hear much about this idea anymore.

As for his dogecoin investment, I couldn't care less.

That is what everyone is saying that there might be a recession that will happen next year. True or not, it is always better to prepare for it. I think that is one of the reasons on why Elon musk sold some of his stocks but I don't think he will buy a Bitcoin. He don't like BTC anymore remember?

But, doge coin maybe though I don't think the quantity will be huge. He knows that doge coin is only just a meme coin and not something that can be considered as a safe haven when recession comes. About Twitter, those who leave are only the ex-employees but existing Twitter users are still there. Twitter is too useful for them to abandon it.

I don't think it's right to admit that Elon Musk doesn't like Bitcoin or won't own Bitcoin. Rather, I think quite the opposite.
Elon Musk's bet on Dodge, we all know it was a hype. If he really trusted him, he would have fulfilled his promise to accept Tesla for Dodge purchases. He promised that and did the opposite as he started accepting Bitcoin instead of Dodge.
Twitter is going through financial hardship, and Elon Musk is in need of liquidity to complete the repayment of loans and dues left over from the company's acquisition deal.

[Ojima-ojo]

Elon musk decision to sell his Tesla share have no direct connection with Bitcoin price and even dogecoin even though, Elon Musk have been bullish on dogecoin for sometime now.

But the present bear market have burned out everyone's motivation to buy any cryptocurrency right now, so I think Elon Musk will rather spend the money on something else, and if he decide to invest it on cryptocurrency that is his own business at this point no one really cares.

[carlfebz2]

Elon musk decision to sell his Tesla share have no direct connection with Bitcoin price and even dogecoin even though, Elon Musk have been bullish on dogecoin for sometime now.

But the present bear market have burned out everyone's motivation to buy any cryptocurrency right now, so I think Elon Musk will rather spend the money on something else, and if he decide to invest it on cryptocurrency that is his own business at this point no one really cares.

Pulling off his shares or investment on Tesla doesnt automatically means that he would be putting up those amounts on crypto investments whether it would be on Bitcoin or on Doge, no one really knows.

Its true that when it comes to uncertainties and current market condition which is really that very bullish, then it is really hard to make out some investment decisions on these moments which
i couldnt blame out on why people would really be having doubts on this one. Even into those whales and billionaires would be feeling out the same.

Its none of our business on how Elon would be spending up his money, its none of our concern on where he do put those.

[South Park]

Elon musk decision to sell his Tesla share have no direct connection with Bitcoin price and even dogecoin even though, Elon Musk have been bullish on dogecoin for sometime now.

But the present bear market have burned out everyone's motivation to buy any cryptocurrency right now, so I think Elon Musk will rather spend the money on something else, and if he decide to invest it on cryptocurrency that is his own business at this point no one really cares.

Exactly, I could understand if those which are holding large amounts of dogecoin care about every single movement of Elon as they are expecting that he decides to mention it on one of his Tweets and that such a thing could be more than enough to produce more hype for dogecoin, however for those holding bitcoin whatever Elon does should not be of interest as even if he has the power to move the markets we know that such a movement would be engineered on his favor so will need to exercise the utmost caution.

[Lubang Bawah]

Things that usually happen when there are sales in large quantities will usually cause turmoil, like we know that TSLA looks slow or can be said to be a failure because the public doesn't care about TSLA, and as we know that elon is more interested in investing in other coins like Doge and bitcoin. Let's see what will happen in 2023, can TSLA still survive or will they create a new project.

[TravelMug]

Things that usually happen when there are sales in large quantities will usually cause turmoil, like we know that TSLA looks slow or can be said to be a failure because the public doesn't care about TSLA, and as we know that elon is more interested in investing in other coins like Doge and bitcoin. Let's see what will happen in 2023, can TSLA still survive or will they create a new project.

We don't have facts that Elon is interested on investing in Doge, so much with Bitcoin. His company already sold billions as well with their Bitcoin holdings month ago if I'm not mistaken.

Him selling his stocks doesn't mean he will re-buy any crypto for that matter, he could be using his funds to fund more project either in his other joint ventures. And also this billionaires will have to sell off from time to time to show that his company is liquid.

[Odusko]

Things that usually happen when there are sales in large quantities will usually cause turmoil, like we know that TSLA looks slow or can be said to be a failure because the public doesn't care about TSLA, and as we know that Elon is more interested in investing in other coins like Doge and bitcoin. Let's see what will happen in 2023, can TSLA still survive or will they create a new project?

To me, this is not a big deal and this is not the first time CEO will want to sell their share and move on to some other thing, but since there is no move from Elon Musk in the direction of dogecoin or bitcoin it makes no big deal.
TSLA is a centralized company and the CEO have the sole right and access to the company accounts, this makes the CEOs do whatever they feel like and walk away even though, if the percentages sell off by the CEO will affect the value of their total company bound.

[Fatunad]

Things that usually happen when there are sales in large quantities will usually cause turmoil, like we know that TSLA looks slow or can be said to be a failure because the public doesn't care about TSLA, and as we know that elon is more interested in investing in other coins like Doge and bitcoin. Let's see what will happen in 2023, can TSLA still survive or will they create a new project.

We don't have facts that Elon is interested on investing in Doge, so much with Bitcoin. His company already sold billions as well with their Bitcoin holdings month ago if I'm not mistaken.

Him selling his stocks doesn't mean he will re-buy any crypto for that matter, he could be using his funds to fund more project either in his other joint ventures. And also this billionaires will have to sell off from time to time to show that his company is liquid.

People are basing up on the history or past experiences and events on where Elon is involved, we've seen on how Musk did really make out some hype on Doge wayback which it cant really
be blamed on how people would really be that reconsidering on how things should really be interconnected specially that he had made out some dealings and hypes back in the past.
Its true that there's no way to confirm this and he's the only one do knows on whats up into his mind on why he had done such thing, whether he would be going into crypto investments
back or just pulling those stocks or shares for some other reason.

[macson]

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?

Elon saves cash by selling his Tesla shares! i think he's planning something with that cash.  if speculating about whether he will use that cash to buy bitcoin or dogecoin then with market conditions that are bearish, he will definitely buy dogecoin, not bitcoin.  with what happened in the past, he has always been crazy about that meme coin ^{(i mean dogecoin)}

[STT]

He aint very bright then because BTC is the better investment.    If he wants to go the dogecoin route he might as well go the whole deal and implement his own version of a crypto coin completely to spec.     Placing a whale in a swimming pool will mean he pays far too much by disturbing a small market or pool of current investors, I dont think its a liquid situation for a global company to engage with.  Perhaps if he was very light touch but he seems to be a man of dramatic moves not slight or incremental especially.
  In the end it doesnt matter, one person is not a reason why for anything and Bitcoin is bigger then Elon or his various companies great as his ideas might be.  Both the big companies I can think of revolve around government subsidy and contracts and he innovates better then government departments might have but not sure he is great beyond that.

[MarjorieZimmermanGinger]

To me, this is not a big deal and this is not the first time CEO will want to sell their share and move on to some other thing, but since there is no move from Elon Musk in the direction of dogecoin or bitcoin it makes no big deal.
TSLA is a centralized company and the CEO have the sole right and access to the company accounts, this makes the CEOs do whatever they feel like and walk away even though, if the percentages sell off by the CEO will affect the value of their total company bound.

The US$3.95 billion sale of TSLA was originally designed by Elon Musk for the development of Twitter which he began acquiring. So there is no connection between selling TSLA and buying bitcoin as the OP says, let alone recession to the ongoing state of affairs. Elon Musk is a businessman, so many opportunities are developed to his advantage, so it's no wonder when he starts doing something that makes news on social media.

Even further, there is no relationship and correlation at all with bullish TSLA selling, recession and bitcoin buying, it all runs by itself, so forget what the OP said, because it has absolutely nothing to do with it.

[S A KHAIR]

Why would anyone care about him selling his stock and why do you think Elon would invest in bitcoin? There is no connection for this and bitcoin is not the only thing that can turn a profit for him. He became a billionaire before investing in bitcoin, it's not like we expect bitcoin to make us billionaires.

[fzkto]

Why would anyone care about him selling his stock and why do you think Elon would invest in bitcoin? There is no connection for this and bitcoin is not the only thing that can turn a profit for him. He became a billionaire before investing in bitcoin, it's not like we expect bitcoin to make us billionaires.

It must be at least strange, when the owner of such a large company sells the stocks he owns. Such influential people don't do that without a reason. He probably knows something, maybe in the future he can buy his stocks back at a discount. About bitcoins, he's a bitcoin enthusiast who started the last bull season. So a lot of people expect him to be able to repeat such a party again.

[GigaBit]

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?

It is possible that he will come back to buy Bitcoin or Dogecoin. But I think the sale of Tesla shares has more to do with new projects on twitter. Be it financing for the next stage or there is a problem to be solved that requires a lot of money. But I believe Elon is running a new project that costs that much, not to buy Bitcoin or Dogecoin.

Surviving the economic downturn is now very difficult for every investor. In this condition it is also very difficult to guess what could be the reason for such a decision of Elon Musk. Maybe he is now using a strategy that can lead to huge profits. What can Elon Musk do when the crypto market is long bearish? Will he sell TSLA stock and buy Bitcoin? Or is he working on raising capital for another business? He might be thinking of something better for Doge Coin. Everything is dependent on assumptions. I think these are business strategies that will never be revealed. Finally, it is very clear that he could not profit after buying Twitter in recent times. Maybe he is trying to fill this gap by selling TSLA stock.

[Yatsan]

There are chances that Elon would engage to this industry especially if there will be a clear trend on the market. But if it is for shallow purposes such as for bragging and such, I think that would be impossible. Musk is an influencial and rich individual both inside and outside this industry.

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?

It is possible that he will come back to buy Bitcoin or Dogecoin. But I think the sale of Tesla shares has more to do with new projects on twitter. Be it financing for the next stage or there is a problem to be solved that requires a lot of money. But I believe Elon is running a new project that costs that much, not to buy Bitcoin or Dogecoin.

Surviving the economic downturn is now very difficult for every investor. In this condition it is also very difficult to guess what could be the reason for such a decision of Elon Musk. Maybe he is now using a strategy that can lead to huge profits. What can Elon Musk do when the crypto market is long bearish? Will he sell TSLA stock and buy Bitcoin? Or is he working on raising capital for another business? He might be thinking of something better for Doge Coin. Everything is dependent on assumptions. I think these are business strategies that will never be revealed. Finally, it is very clear that he could not profit after buying Twitter in recent times. Maybe he is trying to fill this gap by selling TSLA stock.

It is more likely that he won't transfer some of his assets into this technology. What's more likely to happen is for him to use his resources and extra funds to cope up with crypto adoption. Since he has the money and influence, it would be easy for him to create a wave in this industry leading into profit on his end.

[Adbitco]

If i could speak Elon is a businessman and he knows how to venture into businesses, if he decides selling some shares doesn't connote any good impart to the entire crypto market rather if his intention is to invest that huge amount into bitcoin then there would be little changes although i doubt if he had plans to invest in dogecoin any more  because we would have seen the wave flying all over just as he did on the previous move.