I wonder how this will affect Tesla. Maybe Musk's aura will tank.
The stock market is next.
Yes, the market has risen for over a year now and is due for a correction. Cryptocurrencies tend to be volatile but have always bounced back. Nothing going on to think this is unusual.
There is a lot of money in code. Ask Microsoft.
Biggest problem is their custom ASIC. For volume of 100K small potato, it's hard to get their production allocations. They have 10,000 cars stuck in Fremont waiting for potato chips.
Seems like they could just apply money to get chips. Cars are expensive.
This could all be a perfect storm, trillions lost, triggered by Elon's dreadful SNL monologue.
Not at any cost. TSMC is not going to switch productions of millions chips just for 100K chips, unless Tesla buy out and take over TSMC.
Good point. Maybe I won't buy a Tesla soon.
Maybe this is a factor:
Everyone gangs up on the upside, and then gangs up on the downside too, especially when an "asset" has no actual value.
On Wednesday, 19 May 2021 at 06:59:34 UTC-7, snipped-for-privacy@highlandsniptechnology.com wrote: ...
... It is more likely that Tesla is one of the causes of the plunge in crypto currency rather than the reverse.
Do you want a car with no service manuals or parts?
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