What Elon Musk’s $21B Tesla Sale Gambit Says About Markets

The Saturday tweet about the sale drove synthetic crypto-powered Tesla markets down 7%.

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ABOUT

This episode is sponsored by NYDIG.

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Today on “The Breakdown,” NLW looks at why the fracas around Elon Musk’s Twitter poll about his selling 10% of his Tesla stock is about much more than Tesla. It has implications for domestic politics, market structure and why crypto is the future.

Additionally, the Brief covers:

The NYC mayor-elect says bitcoin should be taught in schools
The latest on the infrastructure bill
Pension funds are moving into alternative assets to find yield

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Samuel Corum/Bloomberg/Getty Images, modified by CoinDesk.

HOST

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.