Tesla Should Sell Its Bitcoin and Buy Back Shares To Create 'Positive Momentum,' Says Analyst
Tesla Inc TSLA 4.86% could create a “positive momentum” if its sold its Bitcoin holdings and initiated a buyback of its stock, according to Gary Black, a private investor and former CEO of Aegon Asset Management.What Happened: Black aired his views on social media Thursday in a series of tweets.“Imagine the positive momentum [Tesla] would create if they announced the sale of their [Bitcoin] position, and authorized a [Tesla] stock buyback instead.”wroteBlack.The investor acknowledged that the pr