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Question about a Tesla buying Bitcoin
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jdironman
Posted 2/17/2021 06:42 (#8838475 - in reply to #8838421)
Subject: RE: Question about a Tesla buying Bitcoin


Very southern Mn
To me that is problem with market. My dad has always said” eventually water seeks it own level”. Musk is a cult figure to some but company is so crazy high price to earnings that it is off the cart. I think Tesla probably has a good product. I think they have jump on electric tech, and other huge deal is their employee cost. I bet pension plans for older car makers cost more than their current payroll. Other than retired shareholders, Tesla probably has paid out zero in Retirement benefits. Bitcoin kinda of similar, currency really worth nothing but no debt against it. I hope Washington figures that out. US dollar backed by US government that is heavily n debt so they print more.
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