The former Goldman Sachs investment director received a fierce response on Twitter after suggesting Tesla should sell its Bitcoin and buy back the company’s shares.

TSLA’s stock price has fallen 28% since the 8th from $863.42 to $621.44. In February, it was announced that Tesla had purchased BTC for $1.5 billion.

In the short term, MicroStrategy shares performed even worse. The company, led by Bitcoin bull Michael Saylor, just launched at 3. March did its last acquisition for $15 million in BTC, is now 50% below the record $1,315 put on 9. February has arrived.

Tesla’s problems in the stock market are likely due to a number of factors. Earlier in February, it was reported that the Chinese government had reprimanded Tesla for quality control issues after receiving complaints from consumers. The broader equity market was also volatile, with the S&P 500 down 4.1% over the past 30 days.

But a tweet from Gary Black, a Tesla analyst with decades of financial management experience, has sparked a debate over whether investors benefited from Tesla’s purchase of 1.5 billion bitcoins last month.

Tesla shares are now down 28% since buying #Bitcoin, with investors reporting to @ElonMusk that $1.5 billion is not enough.

– Documenting Bitcoins (@DocumentingBTC) March 4, 2021

I don’t want them to buy back shares, Twitter user Techgnostik said. I want them to invest in growth and make an extra billion from their position in BTC.

Unlike TSLA’s offering, it will also attract more fund managers with an equity buyback program, as it is more valuable to the investor than buying BTC with excess cash.

Some Twitter users agreed that buying back shares seemed a more appropriate use of the funds, while others felt there was too much focus on what Tesla was doing with 8% of its cash reserves.

@Tesla’s mission is to accelerate the global transition to renewable energy. The point is not to cater to the whims of short-term traders in $TSLA.https://t.co/93hr25iJ27 https://t.co/eJReXuvPo4.

– AMuchBetterFace (@AMuchBetterFace) March 4, 2021

It’s not easy to determine the impact of buying bitcoin on the company’s bottom line. Although MicroStrategy’s share price has halved in a month, MSTR’s share price is still up 340% (from $146.63 to $645.66) since the company’s announcement on the 11th. August 2020 announced its first purchase of 21,454 BTC. Currently, the price of BTC has increased by 310% compared to the same date.

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