Now it seems to be going down. When bitcoin continues to steadily go down, it is a significant concern because Tesla will have to take losses on the cars it sells and will have reduced gross margins, which will result in their stock price tanking.
They can always price cars based on BTC's price and liquidate it to fiat or cryptocurrency of their choice.
Btc swings can be +/-20% a day, so not exactly a great comparison.
Also currency hedging is a thing that many companies employ to normalize profits. I’m sure there’s a BTC equivalent for this but the volatility would make it unreliable most likely
That's not "a few basis points"
Also losing 15% against the DKK which regular people use to shop just a 25 min ride from here.
Currency fluctuations are not uncommon and can be very significant.
Currency is a representation of the market it represents. Not from memes of billionaires.
Is that so hard to understand?