> executed to perfection
Except they still own nearly all the Bitcoin they bought, so I don’t see how selling a tiny bit of it and tanking the rest could be described as “to perfection”.
Except they still own nearly all the Bitcoin they bought, so I don’t see how selling a tiny bit of it and tanking the rest could be described as “to perfection”.
No where in my sentence suggested they sold all of it.
> so I don’t see how selling a tiny bit of it could be described as “to perfection”
Telsa did not lose any money from their BTC investment and are still up >40%. At that time, they (and others on Twitter) caused a run up in the crypto markets to drive the BTC price up to new all time highs and got out a large profit even by selling a small amount and then causing it to drop 12% after the announcement, sounds like it was perfectly executed and it worked for them.
How did the 12% drop benefit Tesla?
You're not making any sense.
It's not but that doesn't mean Musk won't do it anyway. He once tanked his own company's stock by smoking cannabis in public. After something like that anything is possible.