Elon Musk, the CEO of Tesla, was targeted by a notorious group of hackers known as “Anonymous,” the group is responsible for some of the most high-profile digital heists in recent history. Anonymous has caused havoc on several firms, including PayPal and Scientology.
They have attacked Elon in their most recent video, alleging that the influence he wields over cryptocurrency markets, as well as the arrogant manner in which he wields it, has gone too far, particularly concerning Bitcoin, which has recently responded impulsively to Elon’s statements.
Even though Elon has positioned himself as concerned about the environment with Tesla’s turn away from Bitcoin, Anonymous asserts that he “doesn’t practice what he preaches within the company itself,” leveling several accusations against him and Tesla’s actions in general.
The anonymous explained that Elon has a “superiority issue” – adding that he previously named himself the “Emperor of Mars” – and that his ongoing crypto trolling is harming working-class people and their prospects.
Elon Musk just said that his firm would no longer take bitcoin as payment for its automobiles due to concerns that it would increase fossil fuels’ usage. This was when Bitcoin’s decline began.
Dave Lee backed up Elon Musk
However, Dave Lee, host of the YouTube channel “Dave Lee on Investing” and Tesla investor since 2012, recently posted a video as a counter-response to Anonymous attack on Elon Musk. He debunks the reasons in the form of “accusation” and “reality”.
1) ACCUSATION: Tesla made more money holding bitcoin in a few months than they did in years of selling cars:
REALITY: Tesla made 101 million in Bitcoin profits in Q1, according to their report, and this compared to 36 million dollars in revenue that Tesla brought in over the past four quarters, so you calculate yourself 1 billion out of 36 billion dollars
2) ACCUSATION: Bitcoin is purchased with money from government subsidies:
REALITY: Tesla raised 12 billion in 2020 through stock offerings and put 1.5 billion of that into bitcoin in Q1 2021.
3) ACCUSATION: Tesla forced to denounce Bitcoin to keep government Money:
REALITY: Tesla is not dependent on government money. The majority of regulatory credit is sold to other car manufacturers and isn’t directly from the Government.
4) ACCUSATION: Elon trying to take control of bitcoin with the BTC miner council:
REALITY: Bitcoin mining council was Michael Saylors initiative, and Elon was trying to help.
5) ACCUSATION: Elon Musk is not the smartest person in the room:
REALITY: Tesla and SpaceX continue to attract the best engineers globally, led by one of our generation’s brightest and ambitious engineers/entrepreneurs. Indeed, Musk isn’t doing everything. Still, he plays a unique role in catalyzing and motivating, and bringing the best out of engineers.
At the end of the video, Dave Lee added,
I have invested in Tesla since 2012, and I have seen tons of various cycles and generations of Fud attack on Tesla and Musk, so its nothing new, but I think in the end ultimately what’s going to win great products, services, and innovation, when we look back 20 to 30 yrs back from now I think we are going to look at companies like TESLA AND SPACEX, as really pushing the humanity forward.
Lee also believes that Tesla is moving target and already working on next-gen $25k platform and moving to become an autonomous robot company.
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