Hacker News Reader

Stated intention is almost meaningless.

Hard to take that at face value when Tesla has historically struggled to make profits. If you were worried about liquidity, you wouldn't put that much capital at risk.

Also, liquidity today doesn't say anything about liquidity in a year's time.

Tesla has made profits continually (even during the pandemic) for more then 2 years.

They stated clearly that putting less then 10% of their cash assets into something that was highly liquid, but had also chance at gaining value was preferable to cash.

Specially because they can make it liquid difference currencies very fast.

It's a risky move regardless of the rationale, because a pump without a dump is arguably lawful.