Tesla’s latest earnings report showed that the firm conducted no digital asset purchases or sales in Q2, but reported an impairment loss of $23 million on its BTC holdings.
Category: Tesla
Tesla reports record $1B income for Q2 despite $23M impairment loss on BTC
Tesla’s latest earnings report showed that the firm conducted no digital asset purchases or sales in Q2, but reported an impairment loss of $23 million on its BTC holdings.
Tesla Reveals Bitcoin Holdings Worth $1.3 Billion in Q2, $23 Million BTC Impairment
Elon Musk’s electric car company, Tesla, is holding bitcoin worth $1.311 billion. The company did not buy or sell any bitcoin during the second quarter but recorded bitcoin-related impairment of $23 million. Tesla’s action reaffirms Musk’s prior statement that neither he nor Tesla had sold their coins. Tesla’s Q2 Bitcoin Holdings Elon Musk’s Tesla released […]
Here’s how much Musk and Saylor’s tweets influenced crypto prices in Q2
Elon Musk and Michael Saylor have emerged as two of the most influential names in crypto. A new sentiment-driven analysis from The TIE and eToro USA reveal the extent of their influence.
Tesla Q2-2021 Earnings Call to Shed Light on Its Bitcoin Holdings
The upcoming Tesla Q2-2021 earnings call, which will be announced this Monday after market hours, will at last shed some light on what has happened with the company’s bitcoin holdings. The company held more than 1.5 billion dollars in bitcoin on Q1 and has reported only one sale to “test the market’s liquidity” according to […]
SpaceX owns Bitcoin, Elon Musk and Nic Carter believe BTC is becoming greener
Musk revealed that SpaceX owns Bitcoin and that Tesla may be close to accepting BTC payments again after looking into BTC’s sustainability.
Elon Musk says Bitcoin may have already hit his benchmark on renewable energy
“I want to do a little more diligence to confirm that the percentage of renewable energy usage is most likely at or above 50% and that there is a trend towards increasing that number,” said the Tesla CEO.
Elon Musk Discusses Merits Of Bitcoin, Reveals SpaceX Holds BTC
Tesla CEO Elon Musk discussed his bitcoin investments and outlook in a live stream with Twitter CEO Jack Dorsey, ARK Invest’s Cathie Wood.
Bitcoin may have played a role in Tesla’s decorrelation from Big Tech
The 20-day correlation between Tesla stocks and the Nasdaq 100 index has sharply dropped from 0.83 in mid-June to 0.14 as of this week.
Pundits say Bitcoin’s brutal quarter could see Tesla report up to a $100M loss for Q2
Analysts believe reporting requirements may compel Tesla to announce a paper-drawdown of between $25 million and $100 million on its $1.5 billion Bitcoin bet.