As much as I hate "twitter blogs", this makes a lot of sense.
Although it is more probable that Elon was just in a manic phase, and once he came down realized that car companies don't hold bitcoin.
(let me preempt the argument that Tesla is not a car company)
Very few companies, to include tech companies and / or car companies need to be speculating in cryptocurrencies.
Elon needs to spend his time getting those robot paint guns calibrated so all Tesla's off the line meet customer standards, and debugging the mythical FSD.
SEC should regulate the markets. They are not at this time.
Translation: Elon and Tesla successfully manipulated the crypto-currency markets and his minions threw their money at BTC, DOGE, etc and majority fell for the dump, panic sold or are still baghodling.
No money was 'stolen' unlike the classical crypto-currency scams. His minions willingly bought the coins for someone to exchange it for a particular price. Given they were late, they were buying the coins at very high prices, thus they're helping the whales and the smart money exit at those prices.
Now the early DOGE and BTC crypto-investors and Elon are laughing at the ones who fell for it, panic sold or are still hodling.
(let me preempt the argument that Tesla is not a car company)
Very few companies, to include tech companies and / or car companies need to be speculating in cryptocurrencies.
Elon needs to spend his time getting those robot paint guns calibrated so all Tesla's off the line meet customer standards, and debugging the mythical FSD.
SEC should regulate the markets. They are not at this time.