I don't really buy the pump and dump take here. Even if it had been an intentional pump, no reason to trigger a selloff.
Some Theses:
- Elon is a quick decision maker, he could have genuinely been persuaded about energy usage post-hoc. The energy bit does run somewhat contrary to Tesla's core mission.
- In line with this, tesla may be about to form a partnership or make a move with another crypto platform, both because the other platforms have more technical advantages and because they are more energy efficient. Maybe they will even launch their own coin/project
- Musk decided it was no longer worth the headache. His Bitcoin communications may have brought a lot of behind the scenes regulatory or fed scrutiny that we are not aware of
- Some other new information (possibly natsec related) that caused him to change his view on BTC
They are a biotech hedge fund that has a non-profit team funding rare disease work. There should be a form on their website