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Remember, that $600m isn’t cash flow, it’s only paper profits that would become cash flow if it sold. Regardless, Tesla might be regretting selling 75% of their Bitcoin holdings back in 2022 for $1.7bn at $20k each.
Some analysts have also warned that OPEC+ countries could retaliate by increasing production, causing prices to fall below the production costs of US producers.
Does this basically mean prices are going to go down? Either the US drills more or OPEC increases production with is cheaper for us either way?
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Yeah I think so
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Ill take it.
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