Tesla and market manipulation crime

May 3, 2021 (updated June 4, 2021)

What Tesla did with bitcoin could be considered market manipulation, and that’s a serious crime considered by the US government. The fact that the company invested $1.5B and make it public that bring a lot of investors to bitcoin, and after that, we see how bitcoin has a crazy jump in the prize, and now they sold the 10% when bitcoin was on its ATH.

As a reference, I will leave this link: https://www.fbi.gov/scams-and-safety/common-scams-and-crimes/market-manipulation-pump-and-dump-fraud

So, the question is, did tesla make market manipulation and you think the company will be charged for it?



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1 Comments

@peepso_user_1(reviewparking)
I don't think this can be considered as pump and dumo fraud. Tesla has bought bitcoin long ago, possibly around $30k per BTC. They didn’t sold all of their holding even. According to the article you shared, "if someone pump the price intentionally to increase the liquidity so that they can sell their holding, can be considered as fraud."
So, I think, tesla has no chance here to get punished.
On a side note, I think Elon Musk is having such fraud activity with Dogecoin if he is selling his DOGE.
3 months ago