The Pomp Letter
The Pomp Letter
Tesla, Bitcoin, and Cash Equivalents
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Tesla, Bitcoin, and Cash Equivalents

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To investors,

Tesla held their earnings call yesterday and it did not disappoint. There is plenty of coverage around the company’s numbers, so I want to exclusively focus on their bitcoin purchase this morning.

If you remember, Tesla bought approximately $1.5 billion worth of bitcoin in February at around a $33,000 price. This means that bitcoin has appr…

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