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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
No. of Recommendations: 0
Saturday speculation.
First, define the problem: Citizens (and non-citizens) vote for politicians who spend their countries into runaway inflation and eventual bankruptcy. Elon now knows that no matter what he does he cannot stop this phenomena.
Next, define the solution: Bitcoin. Bitcoiners know that taking away the printing press is the solution to excessive government spending. You can't spend what you don't have.
The speculation: After exhausting all other possible solutions (including starting a new political party) Elon will turn into a hard core Bitcoiner and convert Tesla's considerable USD treasury into mostly BTC.
Hard to say what this would do to Tesla stock. Most would view it as un-American to undermine our currency. Some would see it as necessary to protect Tesla's assets from debasement. A few would see it for what it is: a bold step forward to a new neutral, global, scarce monetary system. Maybe neutral for the stock in the short run but a positive in the long run is my guess.
For BTC, it would be a nice boost. But, BTC is already at 2T and more companies are moving to a BTC treasury on a daily basis now. So, a nice jump but only a couple of drops in the bucket. Although BTC does feel as though it's close to the elbow of the adoption S curve.
No. of Recommendations: 2
Sunday speculation
As car sales sink and subsidies vanish with the budget bill, run out of ways to promise new products that will either neither materialize or will never be materially profitable relative to size of firm. Blow up the autonomous driving sell by antagonizing the chief regulator. Watch head of Optimus leave the day after, as firm substantially lags Boston Dynamics and other real players in field.
Pivot to bitcoin -- a "currency" that fluctuates minute to minute so it has no use a as currency -- as last vestige of meme stocks with a dwindling business case.
I think you may be right on where Musk's odyssey leads -- shilling bitcoin. I have a different idea on why we get there.
No. of Recommendations: 0
If I remember, I'll revisit your post in a year.
I think Tesla will have made tremendous progress in FSD, a more affordable vehicle, CyberCab, Optimus, stationary battery storage, semi, and data centers/DOGE. I expect BTC to be much higher as well. Elon will have extended his lead as the richest person in the world and the world's best CEO.
TSLA: $300
BTC $106K
P.S. Very likely that BRK will still be sitting on a melting ice cube. Getting debased by 25B/yr. Why can Brookfield find good investments while BH sits with its bat on its shoulders?
No. of Recommendations: 3
back in the day when i lived in the bay area , the 1 and only musk delusion was that tesla was going to be the most profitable company on the planet simply on the basis of selling the car itself. i had some envy over some the salaries and BoD comp, but not much else.
every few years, the fanboy base had decent turnover, and the stories became more extended and outlandish.
fundamentals were limited to 'number go up'.
they would hide behind convenient tropes such as 'when the story changes, i change my mind', although it was extremely hard to find how many held for more than 5 years, and how many brain changes were required.
as one realizes in the golden age of grift, memes, crypto, djt stock, etc...we are far from bursting the delusion other than if trump deports musk and 'number go way down'.
No. of Recommendations: 1
The speculation: After exhausting all other possible solutions (including starting a new political party) Elon will turn into a hard core Bitcoiner and convert Tesla's considerable USD treasury into mostly BTC...
...A few would see it for what it is: a bold step forward to a new neutral, global, scarce monetary system. Maybe neutral for the stock in the short run but a positive in the long run is my guess.
You're missing an obvious third option. He could simply accept Bitcoin as payment for Teslas. That allows him to grow Tesla's Bitcoin holdings, which avoids the political criticism yet allows him to take the bold step forward.
No. of Recommendations: 0
You're missing an obvious third option. He could simply accept Bitcoin as payment for Teslas. That allows him to grow Tesla's Bitcoin holdings, which avoids the political criticism yet allows him to take the bold step forward.
Last time they tried that nobody took 'em up on it. People spend fiat and save BTC.
I think it will be viewed as un-American by many. I view it that way but still think the good outweighs the bad.
TSLA: $326
BTC: $110K
