Elon Musk Bitcoin FUD - Tesla desperately needs a new market for its carbon credits

There's a lot you could say about that idiot savant Elon Musk.

For a start, he wouldn't have the connections to be where he is without South Africa's apartheid system.

None of his companies make any money. None! All told. He's a glorified charity project who became a billionaire by taking a loss-accruing, government subsidy-funded company public. Just imagine how broken the system is for something like this to be normalized!

He likes to take credit for things other people did. He claims to this day with a straight face he founded Tesla! Anything he gets involved in, he wants to position himself as the supreme leader/technoking/imperator/dogfather... This is exactly what he wants out of crypto. To somehow centralize it under his leadership. He knows that would never fly with Bitcoin. So he's flexing his clout with dogshit.

His fossil-fuel-hogging rocket company was built on the ludicrous premise that humans could somehow "colonize" uninhabitable worlds.

Anyone who knows anything about astrophysics knows how moronic it is to think we could somehow terraform an artificial atmosphere and live on frickin' Mars, a planet with toxic soil and next to no gravity exponentially more prone to asteroid impacts than Earth for its proximity to the asteroid belt.

His gazillion plastic surgeries

His connection to Jeffrey Epstein's madam Ghislaine Maxwell

But forget all that. Let's just talk about his Bitcoin energy FUD. Why is he doing it?

Very simple. 2020 was the first time that Tesla made any money. How did they do that? By flogging carbon credits to European car-makers to the tune of 400-500 million dollars per quarter. Without this money, Tesla still wouldn't have a positive cash flow.

https://insideevs.com/news/438345/tesla-428-million-carbon-credits-q2-2020/

https://thedriven.io/2021/05/06/teslas-carbon-credit-windfall-to-shrink-as-rival-car-makers-clean-up-their-act/

Now with European car-makers decarbonizing, Tesla needs to create a new market for carbon credits - Bitcoin miners.

So when people ask how could they not have done their due diligence on Bitcoin mining before investing, Tesla invested in Bitcoin precisely because they did their due diligence! They identified Bitcoin mining as the new market for flogging carbon credits.

Bitcoin mining uses among the highest shares of renewable energy in the world

Tesla invested in Bitcoin roughly the same amount of money they made last year selling carbon credits to show that they are taking a position and they now have a vested interest in Bitcoin. It's an investment to attain a semblance of authority over Bitcoin.

Instead of just buying and then selling Bitcoin over energy FUD, because they're long on Bitcoin long-term, Tesla's FUD play was to pretend to accept Bitcoin for payments and then walk it back a month later over energy concerns AFTER selling a portion of their purchase to show a quarterly profit for Tesla.

Please do share this across social media so that everyone becomes wise to this chancing prick's cynical gambit which has already cost average folks billions of dollars.

More importantly, please stop trading based on an individual's opinion about Bitcoin. EVERYBODY has an ulterior motive. EVERYBODY has a self-serving agenda.