Voices are telling Tesla to sell off Bitcoin and buy back shares, what do you think? For many financial analysts, Tesla’s decision to buy $1.5 billion of Bitcoin didn’t go down well. Now, the company is facing calls to sell off its crypto and buy back TSLA shares instead. Tesla shares fell by 10% in intraday trading to $550, while Bitcoin is struggling to recover from this week’s losses. One mechanism in stocks to improve the price is to buy back shares, but in order to do so Tesla should sell its Bitcoin. Should it do that or not? I would say 'No way Jose', but I am wondering what are your thoughts in this regard. #Leofinance
1 comment
I'm hoping elon is smarter than that