What this tells me is that Tesla has too much cash and doesn't think investing that cash in its main business would produce gains comparable to BTC. Tesla believes in the profitability of BTC more than its own profitability or the profitability of one of Musk's other ventures.
Sure, maybe they want to diversify but that's a hell of a lot of money to throw at such a volatile commodity.
Sure, maybe they want to diversify but that's a hell of a lot of money to throw at such a volatile commodity.