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Musk: Tesla verkocht geen bitcoins

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[verwijderd] 17 mei 2021 17:20

Wat is het probleem toch? Ik zie alleen een mooi bijkoopmoment.
Het is altijd zo dat gedurende een bullrun in bitcoin er pullbacks zijn van 20% tot 30%. Dit is er één van. Wie kan het nu wat schelen wat een subsidieslurper als Elon Musk allemaal tweet. Het 'slimme' geld laat zich daar niet door van de wijs brengen.

chogogo 17 mei 2021 18:56

quote:
Katsjinggg schreef op 17 mei 2021 15:59:
alle crypto's zijn volatiel, maar Elon Musk lijkt nog het minst stabiele van al te zijn...
helaas baseren velen zich op de (wilde) uitlatingen van dat "heerschap", niet gezond voor de markt (voor geen enkele markt)

En zo is het! Weer zo'n trol zoals Trump die alle markten kapot twittert. En kom me niet aan dat het alleen de cryptomarkt beïnvloedt. Waarom gaat hij niet op Mars tussen zijn vrienden zitten te trollen?

Bikeracer123 17 mei 2021 21:52

Elon Musk is as (un)reliable as a Tesla. Need a say more.

efreddy 18 mei 2021 00:57

quote:
Bowski schreef op 17 mei 2021 08:55:
Ik heb destijds even gekeken wat hij voor de BTC betaald moet hebben: ~$60.000,-
Koers staat nu op ~$45.000,-.
Logisch dat hij nu niet verkoopt.

In its most recent 10-Q, Tesla clarified when it would recognize an impairment on the Bitcoin position. The criteria is very strict, impossibly strict – Tesla will use the lowest market price since acquiring Bitcoin to assume an impairment on the position .

This means that if Bitcoin trades down below Tesla’s cost basis, Tesla will recognize an impairment on the Bitcoin position. However, if it trades up, Tesla cannot recognize the unrealized gain. It can only recognize a gain when it sells, which it partially did during Q1 2021, leading to such realized gain.

Indeed, while Tesla realized a $128 million gain from selling Bitcoin during Q1 2021, it also recorded a $27 million impairment. That is, Bitcoin must have, very temporarily, traded below Tesla’s cost basis. This led to an impairment even as Tesla’s fair market value for the Bitcoin it still holds then stood at $2.48 billion.

During the three months ended March 31, 2021, we purchased and received $1.50 billion of Bitcoin. During the three months ended March 31, 2021, we recorded $27 million of impairment losses on bitcoin. We also realized gains of $128 million through sales during the three months ended March 31, 2021. Such gains are presented net of impairment losses in Restructuring and other in the consolidated statement of operations. As of March 31, 2021, the carrying value of our Bitcoin held was $1.33 billion, which reflects cumulative impairments of $27 million. The fair market value of bitcoin held as of March 31, 2021, was $2.48 billion.
Based on the available data, we can try to guess Tesla’s cost basis, as well as the price it sold Bitcoin at. Consider the following:

Tesla acquired $1.5 billion in Bitcoin.
Tesla impaired this acquisition by $0.027 billion.
Tesla had $1.33 billion in Bitcoin at EOQ (End Of Quarter), on a cost basis.
Thus, Tesla had $1.357 billion in Bitcoin at EOQ, on a cost basis + the impairment.
So, Tesla sold $0.143 billion in bitcoin ($1.5 billion at inception - $1.357 billion held at EOQ if we exclude the impairment).
Tesla sold these $0.143 billion in bitcoin at a gain of $0.128 billion. So, it sold that bitcoin amount for $0.271 billion, an 89.5% gain.
Tesla’s EOQ Bitcoin at market value was $2.48 billion.
And Bitcoin stood at ~$58,874 at EOQ (this is not exact, so it will introduce some error).

So:

Tesla’s cost basis per Bitcoin is the (bitcoin+impairment on a cost basis at EOQ)/(EOQ bitcoin at market value) * Bitcoin price at EOQ. That’s $1.357/$2.48 * $58,874 = $32,214 (there will be a bit of error due to the Bitcoin price considered for EOQ).
Tesla’s current (impaired) cost basis per bitcoin is (bitcoin at cost basis at EOQ)/(EOQ bitcoin at market value) * Bitcoin price at EOQ = $31,574.
Tesla sold bitcoin at an 89.5% gain over the original cost basis, so it sold around $32,214 * 1.895 = $61,050.

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