Third Quarter Report Shows Tesla Is Still Holding On To Its Bitcoin
The second quarter of 2022 had been set ablaze with speculation after automotive manufacturer Tesla reported that it had sold 3/4 of its bitcoin holdings. The value of its bitcoin holdings had declined during this time and the $936 million sale had been reportedly put into traditional currencies. However, it seems the company is not […]
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Tesla’s third-quarter balance sheet shows that the electric car company is still holding $218 million in bitcoin. CEO Elon Musk claims that Tesla could be worth more than Apple and Saudi Aramco combined. The executive is also “excited” about acquiring Twitter. Tesla Still Holds $218 Million in Bitcoin Tesla Inc. (Nasdaq: TSLA) released its third-quarter earnings results Wednesday. The company’s Q3 financial statements show that Tesla did not sell any bitcoin during the quarter. Its balance sheet still shows $218 million in digital assets, unchanged from the....
Tesla is currently holding bitcoin worth $1.26 billion on its balance sheet, the company’s third-quarter earnings report shows. The electric car company reported a bitcoin-related impairment of $51 million in the quarter. Meanwhile, CEO Elon Musk tweeted a meme showing the price of bitcoin at $69K and ether at $4.2K.
Tesla Continues to Hold Bitcoin on Balance Sheet
Elon Musk’s electric car company, Tesla (Nasdaq: TSLA), released its third-quarter earnings report Wednesday. The company posted $13.757 billion in revenue, a 57% increase from the same period last year.....
The vehicle manufacturer's latest earnings report for the third quarter shows it's made no changes to its Bitcoin holdings since its huge sell-off in the second quarter. Electric vehicle manufacturer Tesla has made no further changes to its remaining stash of Bitcoin (BTC) in the third quarter of 2022, despite nearly a $1 billion sell-off in the previous quarter. The company’s Q3 report released Oct. 19 shows $218 million worth of “digital assets” remains on its balance sheet, with no reported losses in the value of its holdings. Based on current prices, it’s estimated that Tesla still....
Tesla has revealed that it is still holding bitcoin worth $222 million in market value after selling 75% of its crypto holdings. The company recorded realized gains of $64 million on its recent bitcoin conversion into fiat currency.
Tesla Realizes Gains of $64 Million From Bitcoin Sale
Tesla Inc. filed its second-quarter report with the U.S. Securities and Exchange Commission (SEC) Monday.
The company explained that it converted about 75% of its bitcoin holdings into fiat currency, as Bitcoin.com News reported last week. The BTC conversion added $936 million of cash....
Elon Musk’s electric car company, Tesla, is hodling bitcoin. The company’s balance sheet shows $1.261 billion in digital assets. Tesla has neither purchased nor sold any crypto assets since the first quarter of last year. Tesla Continues to Hodl Bitcoin Tesla released its earnings results for the first quarter of 2022 Wednesday. Elon Musk’s electric car company reported another record quarter of sales and profit exceeding Wall Street estimates despite inflation pressure. The company’s revenue rose 81% to $18.76 billion from $10.39 billion a year ago. Its....