All my opinion.
I mainly focus on cryptocurrencies, specifically Bitcoin. But I wanted to share my opinion on how Bitcoin's bull cycle will affect Tesla's share price. Long story short, I don't think it'll be much. They only allocated about 8% of their cash reserves into Bitcoin at a price of about 34K. And the 1.5 billion is only a fraction of the market cap of 780 billion. We have to keep in mind that Tesla is this big because they are a GLOBAL EV brand, even being the most popular EV in China as of right now. If BTC goes to about my price target of about 200k this year, that would bring Tesla's share price up from here to $865. The main focus shouldn't be on Bitcoin, because they're guaranteed to make money or at least keep their money's value. But the focus should be on other fundamentals (gigafactories, sales, cyber truck, roadster, freight trucks, etc.).
I mainly focus on cryptocurrencies, specifically Bitcoin. But I wanted to share my opinion on how Bitcoin's bull cycle will affect Tesla's share price. Long story short, I don't think it'll be much. They only allocated about 8% of their cash reserves into Bitcoin at a price of about 34K. And the 1.5 billion is only a fraction of the market cap of 780 billion. We have to keep in mind that Tesla is this big because they are a GLOBAL EV brand, even being the most popular EV in China as of right now. If BTC goes to about my price target of about 200k this year, that would bring Tesla's share price up from here to $865. The main focus shouldn't be on Bitcoin, because they're guaranteed to make money or at least keep their money's value. But the focus should be on other fundamentals (gigafactories, sales, cyber truck, roadster, freight trucks, etc.).