SpaceX and Tesla CEO Elon Musk has had an interesting year so far.

In January he overtook Amazon founder Jeff Bezos for the first time in the horse race for hoarding wealth. Then he got himself mixed up in the r/wallstreetbet Gamestop insanity, boosting the movement with his "Gamestonk!!" tweet, and has remained a part of the similarly strange speculation around the meme "currency" known as Dogecoin.


Then in early February Musk announced that he was taking a (short-lived) break from Twitter following a major recall of Tesla vehicles and the explosive landing of SpaceX's SN9 rocket — the second test to end in flames in a matter of weeks. But now there are once again some positive headlines for Musk to bask in, as Tesla has turned some impressive profits in February — not from its car sales, but from a major investment in bitcoin.

Just two weeks after Tesla filed paperwork on its January purchase of $1.5 billion in bitcoin — as well as their decision to accept the cryptocurrency as payment — the price of bitcoin has risen by more than 50%, reaching an all-time high of more than $58,000 on Sunday. It has since waned from that peak, but the highly volatile digital currency is still valued well above the price at which the car company bought in.

Depending on when in January the car maker made their purchase, they might have nearly doubled their money. One analyst noted that, if Tesla had sold their bitcoin at the peak price, they would have realized around a billion dollars in profit — more than they netted in the entirety of 2021 from the sale of elctric vehicles and solar energy equipment. With that said, why would a company that ostensibly exists to make cars be investing in cryptocurrency in the first place?

Responsible Investment or Shady Business?

According to their filing with the Securities and Exchange Commission, they made the purchase in pursuit of "more flexibility to further diversify and maximize returns on our cash." But is that really what investors gave them that cash for?

If Tesla shareholders wanted to invest in bitcoin, they might have done so directly. And if they wanted someone to be using their money to make prudent investments, they could have given it to an investment firm. Surely they invested in Tesla because they believed in the company itself and in the future of the solar energy and electric vehicle industries.

So why mess with something like bitcoin, which is so far outside their supposed field? One answer is in the increasing financialization of the economy at large.

Noam Chomsky - Financialization of the Economy www.youtube.com

The value of publicly traded companies is increasingly divorced from any product they make or any service they provide to customers. Instead, their stock becomes their true product, and they boost the value of that product by buying it back from investors, leveraging their assets to receive loans, and pumping as much money as they can into profitable investments.

While those profitable investments can include expenditures for new equipment, factories, and employees, there is a limit. There are only so many people looking to buy electric vehicles and solar roofs. If the value of Tesla stock has risen so much that investing that money in manufacturing would outpace the market, then they owe it to their investors to find somewhere else to turn a profit.

This opens the question of whether they should still be considered a car company, or if they're now just an investment firm with heavy ties to the solar sector. But apart from that, there's still the question of why they chose bitcoin above other investments —especially when Musk has staked his claim on a more environmentally friendly future, and bitcoin mining wastes as much energy a large country.

Considering the currency's general upward trend — despite dramatic shifts — part of the reasoning might have to do with providing some cushion now that they're accepting bitcoin as payment. If a bitcoin millionaire buys a fleet of Teslas when the currency is at a peak, Tesla could end up losing a lot of that value by the time the cars are delivered. But if that's folded into a larger bitcoin investment that can (probably...maybe) be expected to continue increasing in value in the long term, it's not a big deal.

That would make a certain amount of sense. But if we were being less charitable, we could look at Elon Musk's personal history of using his social media to influence investment and the price of cryptocurrency, in particular.

In 2018 Musk was sued by the SEC, who alleged fraud over a series of false tweets in which Musk said he had secured funding to take Tesla private at a price of $420 per share. At the time, Tesla was valued at closer to $350 per share, and Musk later acknowledged that he chose the figure of $420 as a "funny" reference to cannabis.

That dumb joke led to a 14% jump in Tesla stock, amounting to hundreds of millions in value for Musk. But even that doesn't compare to what Elon Musk has been able to do with the value of cryptocurrency and meme stocks.

Over and over his tweets have sent their values soaring. And Tesla and SpaceX, there is no concrete output of cryptocurrency. There are no cars that can be recalled and no rockets that can blow up.

Pure Hype

While Tesla and other companies can put some distance between their profits and their actual productive output — relying more on investments, stock value, and hype — there are still real-world products at the core of the operation. When sales are down or one part among thousands is revealed as faulty, the company can take a major hit. That's not an issue with bitcoin.

While some cryptocurrencies have a value tied to a recognized asset, bitcoins only value lies in its perceived worth. And, unlike the dollar and other fiat currencies, it's not even tied toward a government's ability to collect taxes.

When more people want to buy it, the price goes up, when fewer are willing, the price drops, and there are no quarterly earnings or product reviews attached to it. Short of an undiscovered fault in the blockchain technology at bitcoin's core, the price is purely subject to hype. And that is an area where Elon Musk thrives.

With more than 47 million followers on Twitter — in the top 25 of individual users on the platform — musks often inane, memeified thoughts are guaranteed a wide audience. And when he sends some of that attention toward a meme stock like Gamestock, or toward a cryptocurrency like dogecoin, he can be sure that the value will see a spike.

Lately, however, he has been casting doubt on dogecoin and shifting his attention toward bitcoin. Perhaps he wants to see how far he can push the power of his hype.

Rather than using that power to manipulate Tesla's stock — which got him in trouble before — he could be using his considerable corporate control (with minimal personal liability) to shift his company's value into an area where he has more freedom to comment, speculate, and drive interest under the cover of "humor." That would certainly explain some of his bizarre, s***posting of late.

If so, the experiment has already paid off. Along with recent developments like the addition of bitcoin to Apple Pay, Tesla's bitcoin announcements on February 8th — along with a lot of dumb tweets — have contributed to the currency's steep rise.

Of course the alternative is that the richest man in the world is genuinely about as smart as the average redditor...which is as upsetting as it is plausible. Tough call.

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Home garden and porch

As anyone who has ever sold a house will tell you, you must prioritize curb appeal. Before a potential buyer even considers looking inside your house, they notice the outside first. Does it attract the right kind of attention? Does it take away from the feel you're going for? If you plan to sell sometime soon, you must think about these things. Here are some landscaping options to increase your home's curb appeal, so you can get the best price on your home.

Extensive Plants and Greenery

A barren front yard won't get you the price you want on your home. So, invest in at least a little bit of greenery to keep the surrounding area from looking too dead. Shrubs and bushes tie the house to the lawn that precedes it, and flower beds bring a pop of color to an otherwise drab structure. You can also strategically plant some trees to improve the overall feel of your home's exterior.

Lawn Care

As we mentioned, your lawn is one of the most prominent features of your home's exterior. A patchy, dried-up lawn will quickly drive your home's price way down. Some of the best landscaping options for your home's curb appeal involve improving your lawn for the next inhabitant. Overall fertilization, ground aeration, underbrush removal, proper mowing—all of these lawn care tasks contribute to a greener and more lively area that invites people to see your house, rather than stay away from it.

Paved Pathways

There's nothing like a broken and disheveled pathway to make someone think twice about buying a property. Just as you want the entryway in your house to be welcoming, so too should the pathway leading up to the house be inviting. The pathway from the street to your front door provides plenty of real estate to get creative with. You don't have to settle for a boring concrete pathway. Consider something more eye catching, like a cobblestone path or intermittent brick patterns, as a way to better welcome potential buyers.

Usable Outdoor Furniture

Landscaping doesn't just involve the ground you walk on; also included are the items you use as extras to the overall look. Outdoor furniture is one such extra that you don't necessarily need but can look quite attractive if done correctly. Staging is important with outdoor furniture. Old, broken-down pieces will only look like more work to the potential buyer. A few comfortable chairs, a bench, or a table with an umbrella really go a long way to improving your outdoor aesthetics.

A good tip for deciding on curb appeal items is to decide what you personally would want to see as a part of a welcoming home's exterior. You don't need to go overboard, but a little bit of forethought could net you quite a lot of extra cash in the sale.

Unfortunately, giving back can sometimes go haywire. If you're ready to make a donation, first consider common mistakes made when giving back.

Many people strive to support their community by donating their time or their money. When you find a meaningful cause, you might be quick to cut a donation check. Though it's admirable to be quick to act charitably, you should be wary of several common mistakes made when giving to charity. Being mindful of these mistakes and learning tips for making informed charitable choices can help you make the most out of your generous check.

Acting Quickly Out of Emotion

Mission statements are meant to be compelling. If you're an emotionally driven individual, it's natural to pull out your wallet at the sight of a sad puppy on TV or when informed about food insecurity over the phone. Unfortunately, not all charities are as effective or official as they may seem.

Take your passion for helping others one step further by making sure your chosen charity is legit. Speaking with a representative, reviewing their website and social media accounts, and looking at testaments online can give you a better idea of whether the organization is worth your donation.

Forgetting to Keep Record of the Donation

Don't forget that you can reap some financial perks from giving back! With the proper documentation of your donation, you can acquire a better tax deductible.

If you donate more than $12,400 as a single filer or $24,800 as one of two joint filers, you're eligible to deduct that amount from your taxes. So, when a charity asks if you'd like a receipt of donation, always answer yes.

Donating Unusable Materials

Most charities can utilize a monetary donation—it's the physical donations that usually cause some issues. Providing a local nonprofit with irrelevant materials or gifting them with unusable products are surprisingly common mistakes made when giving to charity.

Always check your intended charity's website for a list of things they do and do not accept. The majority of places will provide a guideline to donating or offer contact information to clarify any questions.

Strictly Giving at Year's End

As more and more people get into the holiday spirit at the end of the year, nonprofit organizations see an influx of donations. While it's great to spread holiday cheer via a monetary donation, it's important to keep that spirit going year-round.

With regular donations, charities can more effectively allocate their annual budget. Setting up an automatic monthly donation with the charity of your choosing can maximize your impact. You can account for a monthly donation by foregoing a costly coffee every once in a while.

Knowing how much you should spend on home maintenance each year is hard to figure out and may be preventing you from buying your first home. The types of costs you'll incur depend on the house you buy and its location. The one certainty is that you should start saving now. Read on to figure out how much to start setting aside based on the home you own.

The Age of Your House

Consider several factors when budgeting for home repairs. If you've purchased a new home, your house likely won't require as much maintenance for a few years. Homes built 20 or more years ago are likely to require more maintenance, including replacing and keeping your windows clean. Further, depending on your home's location, weather can cause additional strain over time, so you may need to budget for more repairs.

The One-Percent Rule

An easy way to budget for home repairs is to follow the one-percent rule. Set aside one percent of your home's purchase price each year to cover maintenance costs. For instance, if you paid $200,000 for your home, you would set aside $2,000 each year. This plan is not foolproof. If you bought your home for a good deal during a buyer's market, your home could require more repairs than you've budgeted for.

The Square-Foot Rule

Easy to calculate, you can also budget for home maintenance by saving one dollar for every square foot of your home. This pricing method is more consistent than pricing it by how much you paid because the rate relies on the objective size of your home. Unfortunately, it does not consider inflation for the area where you live, so make sure you also budget for increased taxes and labor costs if you live in or near a city.

The Mix and Match Method

Since there is no infallible rule for how much you should spend on home maintenance, you can combine both methods to get an idea for a budget. Average your results from the square-foot rule and the one-percent rule to arrive at a budget that works for you. You should also increase your savings by 10 percent for each risk factor that affects your home, such as weather and age.

Holding on to savings is easier in theory than practice. Once you know how much you should spend on home maintenance, you'll know what to aim for and be more prepared for an emergency. If you are having trouble securing funds for home repairs, consider taking out a home equity loan, borrowing money from friends or family, or applying for funds through a home repair program through your local government for low-income individuals.