What To Make of Tesla's YOLO Crypto Move

 
February 12, 2021
 
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With so many companies depending on semiconductors for their products, is there a way for investors to trade the semiconductor chip shortage?
Here's What You Could Do
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Bitcoin Soaring as Elon Musk
YOLOs $1.5B of Tesla Cash on Crypto
Elon Musk's Twitter account has really been something to watch these past few weeks.

From his meme stock joke egging on the Reddit crowd's GameStop trade to this past week's pumping up a literal joke cryptocurrency in Dogecoin, he has entertained the masses while simultaneously frustrating the regulators.

I mean, you can't make this stuff up. Much wow.

Just as a public service announcement, please don't buy Dogecoin.

All jokes aside, the Earl of EV's did put his money where his mouth is regarding crypto markets.

In its SEC filing Monday, Tesla disclosed the company had invested a total of $1.5 billion in Bitcoin over the course of last month.

The coolest thing to me about Tesla taking this position is how it used a similar strategy — actually, the reverse — to what I laid out in last week's article on the silver squeeze.
So Let's Take a Look
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Volatility refers to the amount of uncertainty or risk related to the size of changes in a security's value. Higher volatility means that the price of the security can change dramatically over a short time period in either direction. Lower volatility means that a security's value does not fluctuate dramatically, and tends to be more steady.
 
 
 
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