Why Nostr? What is Njump?
2025-02-25 21:05:39
in reply to

⚯ Michel de Cryptadamus ⚯ on Nostr: nprofile1q…8f0x4 #TSLA is one of the most widely held stocks among retail traders. ...

#TSLA is one of the most widely held stocks among retail traders. There's a good Jim Chanos quote about this:

"The best defence attorney and the harshest prosecutor is the share price."

In other words, as long as the price is high everything is forgiven, but once the share price starts to drop, people start to get big mad.

also remember that because #Tesla decided to change their accounting to recognize their bitcoin appreciation as "revenue" recently they are currently hemorrhaging "income" as the price of bitcoin crashes.

https://universeodon.com/@cryptadamist/113923821132152219

#elonmusk #uspol #Tesla
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