Tesla has 💎 🙌
— Elon Musk (@elonmusk) May 19, 2021
Interesting. pic.twitter.com/8mTcnwFoLl
— TradingView (@tradingview) May 19, 2021
$102,971.00
3.77%$2,306.39
5.42%$2.06
5.05%$630.70
4.09%$139.36
7.97%$0.999857
0.01%$0.272341
3.24%$0.157197
6.14%$2,312.55
5.76%$0.553828
5.22%$102,751.00
3.58%$36.81
7.74%$2,775.30
5.16%$454.39
1.97%$2.61
10.75%$9.07
0.67%$12.13
7.04%$0.23522
5.74%$17.23
7.67%$0.999896
0.01%$2.85
5.51%$47.84
-0.29%$0.00001114
7.64%$82.94
5.83%$1.001
0.11%$2,302.34
5.15%$2,465.34
5.30%$0.140982
8.71%$0.999957
-0.13%$301.46
2.05%$3.28
3.97%$102,810.00
3.62%$4.06
2.16%$6.61
8.91%$0.0000093
7.67%$0.515949
6.20%$242.30
10.88%$1.18
0.03%$51.29
4.25%$1.00
0.00%$325.32
10.24%$1.056
0.03%$4.10
6.43%$0.081425
2.36%$4.70
5.23%$168.39
7.79%$2.02
9.16%$15.95
6.96%$1.001
0.18%$0.699692
8.87%$27.29
0.04%$16.53
5.92%$0.591327
1.73%$4.45
0.17%$0.068918
12.37%$3.93
7.26%$8.86
4.26%$0.02019658
7.32%$102,598.00
3.72%$0.0799
13.76%$0.62005
10.10%$0.174729
3.69%$0.250639
9.98%$2.94
9.27%$1.003
0.45%$2.17
5.60%$4.28
3.95%$1.00
0.05%$0.168894
8.32%$0.860098
8.65%$0.287073
9.56%$2,303.29
5.34%$0.998892
-0.19%$10.91
1.33%$92.12
4.80%$147.55
7.89%$0.219994
11.55%$1.18
8.12%$0.196709
13.69%$0.01653879
5.44%$1.17
16.66%$0.368905
10.43%$2,621.56
5.20%$2,411.94
5.20%$1.48
8.90%$1.00
0.03%$1.001
0.09%$0.00001289
9.23%$0.989029
16.93%$10.12
9.87%$1.49
15.00%$0.295408
17.97%$1.00
0.05%$3.18
16.11%$0.056506
1.84%$0.525133
10.90%$0.598167
11.11%$3,398.77
-1.56%$2,460.42
5.45%$2,417.73
5.21%$629.92
4.02%$3,384.36
-1.14%$102,680.00
3.61%$104,620.00
6.52%$1.11
0.03%$102,660.00
3.63%$0.492343
6.21%$2,415.69
4.95%$0.076741
7.02%$0.554651
6.82%$0.741871
13.36%$0.395778
12.61%$111.51
0.00%$2.09
7.38%$155.48
7.16%$180.91
7.72%$2.12
7.47%$0.79649
8.93%$0.99898
0.13%$0.01015321
0.99%$0.00006724
10.07%$2,483.26
4.97%$39.78
6.93%$0.633413
8.20%$1.074
-1.58%$0.997534
0.00%$0.674492
5.25%$30.15
3.61%$0.244558
8.55%$0.01327019
9.79%$0.154078
7.61%$17.83
7.31%$1.94
5.97%$0.22087
4.18%$102,095.00
3.26%$0.00000058
4.27%$0.01180479
10.87%$0.00893152
12.60%$3.34
5.05%$102,695.00
3.47%$0.400648
8.59%$0.512309
5.75%$36.59
7.45%$0.090921
9.31%$1.95
9.35%$2,298.75
5.20%$1.00
0.02%$0.504559
4.33%$2,298.81
5.03%$0.317581
6.43%$102,825.00
3.68%$0.465695
12.78%$0.99915
0.02%$2,459.29
5.24%$2,402.70
4.74%$0.250887
9.27%$0.58306
7.04%$2,303.82
5.23%$0.01355035
4.24%$1.30
6.94%$0.421657
4.34%$7.85
1.42%$0.061077
0.24%$0.999806
0.01%$46.47
4.52%$0.999835
0.00%$36.59
7.48%$0.161186
41.45%$1.001
0.03%$2.25
5.00%$1.091
0.03%$1.004
1.16%$0.156973
6.21%$0.0000004
0.64%$0.999859
0.02%$1.26
12.79%$0.03851069
11.32%$0.374623
-1.39%$5.31
8.65%$2,301.52
5.28%$12.93
9.56%$0.109111
9.85%$0.00001829
5.65%$0.491153
5.85%$2,446.52
5.15%$2.16
8.94%$0.0060597
12.45%$0.468236
9.19%$0.00402848
18.84%$0.292638
12.47%$0.03475325
8.13%$0.346491
5.30%$0.163878
-3.51%$0.00000086
21.93%$0.902992
10.21%$0.066033
5.44%$0.00363699
6.48%$1.16
4.82%$1.069
8.46%$5.05
8.57%$0.03380101
7.02%$0.325866
2.53%$1.34
9.63%$2,539.38
5.38%$19.59
2.10%$0.01661623
-0.15%$103,579.00
4.99%$102,656.00
3.86%$1.00
0.01%$0.999802
0.01%$0.999101
0.00%$0.125944
17.09%$1.00
0.23%$2,515.23
4.96%$151.33
7.71%$0.03017399
-1.69%$2,298.53
5.13%$0.00005386
5.34%$9.85
4.03%$0.695054
5.19%$0.00289638
8.13%$0.708174
31.04%$1.038
10.55%$0.427327
5.72%$105.17
5.95%$2,301.11
5.30%$102,621.00
3.80%$0.00325861
6.85%$1.002
0.33%$0.00000134
0.62%$1.68
-1.77%$0.275624
13.28%$17.18
7.44%$0.058021
9.49%$1.017
0.04%$101,658.00
5.90%$0.571368
6.28%$2,064.07
3.56%$0.174312
3.30%$0.00478352
9.44%$100,152.00
3.46%$0.999369
0.01%$0.539923
11.71%$0.174416
8.53%$0.999656
0.01%$1.20
0.43%$14.06
5.45%$5.67
4.68%Shortly after the entire cryptocurrency market shed more than $500 billion, Tesla and SpaceX CEO Elon Musk took to Twitter to assuage his followers.
Musk tweeted (in emoji form) that Tesla has “diamond hands,” tapping into a popular meme that means holding onto an investment even as the price drops.
Tesla has 💎 🙌
— Elon Musk (@elonmusk) May 19, 2021
The tweet suggests Tesla will not sell its Bitcoin holdings any time soon, and it had the expected effect: Bitcoin, which had begun rebounding just before his tweet, accelerated its bounce, up nearly 9% since the tweet was posted.
Interesting. pic.twitter.com/8mTcnwFoLl
— TradingView (@tradingview) May 19, 2021
Tesla bought $1.5 billion worth of Bitcoin on February 8 to diversify its cash balances, and the purchase sent the whole crypto market higher. At that time, Tesla also said it would begin accepting Bitcoin as payment for its vehicles. Last week, exactly three months later, Musk shocked Bitcoiners when he reversed course and said Tesla will no longer accept Bitcoin due to environmental concerns. That immediately sent Bitcoin lower in a slide that has not yet stopped.
Another Musk tweet on Sunday in response to someone predicting Tesla will dump its Bitcoin ("Indeed") spooked crypto markets even further. But now it sounds like Musk is saying Tesla will hold on.
Tesla's Q1 earnings report did reveal that Tesla sold $272 million of BTC in late March, but Musk and Tesla’s CFO claimed the move was a test of Bitcoin's liquidity.