Top 21 tesla investing in bitcoin in 2023

Author: www.bbc.com

Date Submitted: 02/09/2021 04:59 PM

Average star voting: 5 ⭐ ( 90775 reviews)

Summary: Tesla aggressively embraced Bitcoin in 2021, investing $1.5 billion in the currency. But it now says its profitability was affected by “Bitcoin impairment.”

Match with the search results: , with chief executive Elon Musk saying it would be accepted as payment. It changed course a few weeks later, and Tesla has since sold most of its Bitcoin holdings. It now holds about $184m of Bitcoin….. read more

Author: www.npr.org

Date Submitted: 05/29/2021 04:07 AM

Average star voting: 5 ⭐ ( 50449 reviews)

Summary: Tesla CEO Elon Musk spent much of 2021 hyping cryptocurrencies. His company has exited most of its bitcoin holdings amid a dramatic downfall.

Match with the search results: Tesla aggressively embraced Bitcoin in 2021, investing $1.5 billion in the currency as CEO Elon Musk touted Bitcoin’s advantages over standard ……. read more

Author: www.cnbc.com

Date Submitted: 08/28/2022 04:53 PM

Average star voting: 4 ⭐ ( 93790 reviews)

Summary: Tesla recorded a $204M impairment loss in 2022 on its Bitcoin holdings. The loss was offset by $64M in profits from Bitcoin trading.

Match with the search results: Tesla said in its second-quarter earnings statement that it has “converted approximately 75% of our Bitcoin purchases into fiat currency….. read more

Author: techcrunch.com

Date Submitted: 10/19/2021 12:26 AM

Average star voting: 5 ⭐ ( 57298 reviews)

Summary: Despite a $101 million impairment loss last year, Tesla’s crypto stash is worth more than the bitcoin holdings of Marathon Digital, Square and Coinbase—combined.

Match with the search results: Tesla had invested $1.5 billion in bitcoin during the first quarter of 2021, stating that it believed in the longevity of the cryptocurrency. At ……. read more

Author: www.forbes.com

Date Submitted: 07/05/2019 03:23 AM

Average star voting: 3 ⭐ ( 45949 reviews)

Summary: If you’ve been hurt by the volatile moves in bitcoin lately, you’re in good company. Tesla, run by the world’s richest person, Elon Musk, has been hit by the crypto craziness too.

Match with the search results: In its annual report released Monday, Tesla disclosed the market value of its bitcoin holdings skyrocketed to $1.99 billion as of December 31 ……. read more

Author: www.cnn.com

Date Submitted: 08/08/2021 02:54 PM

Average star voting: 4 ⭐ ( 34042 reviews)

Summary:

Match with the search results: And Tesla did record a $128 million gain on its bitcoin investment following the sale of some of those holdings in March 2021….. read more

Author: electrek.co

Date Submitted: 10/19/2019 07:21 AM

Average star voting: 3 ⭐ ( 43614 reviews)

Summary: Tesla reported in a new filing on Monday that it had incurred losses over $170 million on a billion dollar investment in Bitcoin from last year.

Match with the search results: Tesla (TSLA) has lost over $500 million in value from its Bitcoin investment amid what people are now calling a “crypto winter.”….. read more

Author: www.bloomberg.com

Date Submitted: 10/17/2022 03:29 AM

Average star voting: 3 ⭐ ( 92233 reviews)

Summary: Tesla vs. Bitcoin: How to compare the two, the deeper question behind this debate, and how to best analyze the value of your own stock and crypto holdings.

Match with the search results: The electric-car manufacturer disclosed in February that it had invested $1.5 billion in Bitcoin, and subsequently sold 10% of its stake in ……. read more

Author: www.entrepreneur.com

Date Submitted: 12/26/2020 04:19 PM

Average star voting: 5 ⭐ ( 92478 reviews)

Summary: Investors in high-flying electric carmaker Tesla Inc are questioning whether Elon Musk’s $1.5 billion outlay into bitcoin will be as good for the company as it has been for the cryptocurrency.

Match with the search results: Tesla still holds about $2.18 million in BTC per the company’s Q3 2022 earnings report. “Digital assets are considered indefinite-lived ……. read more

Author: www.kubera.com

Date Submitted: 07/30/2020 02:40 AM

Average star voting: 5 ⭐ ( 52142 reviews)

Summary: A crypto investment scam is circulating on Facebook and in people’s inboxes across Europe, Canada, and Australia. Avast is actively protecting its users from the campaign and has protected more than 10,000 users from the scam in August.

Match with the search results: And Bitcoin and Tesla in particular are even more in tune, as, at the end of 2021, Tesla’s Bitcoin holdings were worth around $1.99B. And, while it doesn’t at ……. read more

Author: www.reuters.com

Date Submitted: 06/20/2021 08:09 PM

Average star voting: 4 ⭐ ( 59826 reviews)

Summary: Tesla converted most of its Bitcoin holdings into fiat last quarter, netting $963 million, an implied loss of just around $160 million from its initial investment. Musk said before the quarter began that he’d never sell Bitcoin.

Match with the search results: , with chief executive Elon Musk saying it would be accepted as payment. It changed course a few weeks later, and Tesla has since sold most of its Bitcoin holdings. It now holds about $184m of Bitcoin….. read more

Author: blog.avast.com

Date Submitted: 10/06/2020 05:33 PM

Average star voting: 3 ⭐ ( 71330 reviews)

Summary: Tesla’s big profit recorded in Q1 reveals the approximate size of the overall windfall.

Match with the search results: Tesla aggressively embraced Bitcoin in 2021, investing $1.5 billion in the currency as CEO Elon Musk touted Bitcoin’s advantages over standard ……. read more

Author: fortune.com

Date Submitted: 12/30/2022 01:18 PM

Average star voting: 4 ⭐ ( 41039 reviews)

Summary: Two years after the company announced it was buying $1.5 billion of the cryptocurrency it says its holdings have lost it $204 million in impairment losses, but it’s gained $64 million from sales.

Match with the search results: Tesla said in its second-quarter earnings statement that it has “converted approximately 75% of our Bitcoin purchases into fiat currency….. read more

Author: fortune.com

Date Submitted: 03/12/2019 01:54 PM

Average star voting: 5 ⭐ ( 76856 reviews)

Summary: The leading cryptocurrency had an exciting year in 2021 with several big news items that also propelled the sector forward.

Match with the search results: Tesla had invested $1.5 billion in bitcoin during the first quarter of 2021, stating that it believed in the longevity of the cryptocurrency. At ……. read more

Author: www.theverge.com

Date Submitted: 04/10/2020 02:41 PM

Average star voting: 5 ⭐ ( 33835 reviews)

Summary: Billionaire Tesla CEO Elon Musk says he never told people to invest in cryptocurrency. Is that true? Lets take a look at his Twitter history.

Match with the search results: In its annual report released Monday, Tesla disclosed the market value of its bitcoin holdings skyrocketed to $1.99 billion as of December 31 ……. read more

Author: www.zenger.news

Date Submitted: 03/22/2022 09:28 PM

Average star voting: 3 ⭐ ( 57725 reviews)

Summary: Tesla and their investment in Bitcoin has gone south. In their second quarter of 2022 Tesla’s investment in BTC faced a decline of $440m.

Match with the search results: And Tesla did record a $128 million gain on its bitcoin investment following the sale of some of those holdings in March 2021….. read more

Author: www.investing.com

Date Submitted: 07/02/2020 09:43 PM

Average star voting: 3 ⭐ ( 82108 reviews)

Summary: Tesla’s Bitcoin holding lost more than half of its value in the second quarter. The electric carmaker is expected to post a $460 million loss on its crypto investment.

Match with the search results: Tesla (TSLA) has lost over $500 million in value from its Bitcoin investment amid what people are now calling a “crypto winter.”….. read more

Author: www.thestreet.com

Date Submitted: 01/23/2021 05:03 AM

Average star voting: 3 ⭐ ( 19298 reviews)

Summary:

Match with the search results: The electric-car manufacturer disclosed in February that it had invested $1.5 billion in Bitcoin, and subsequently sold 10% of its stake in ……. read more

Author: www.thestreet.com

Date Submitted: 02/14/2021 08:13 AM

Average star voting: 5 ⭐ ( 60775 reviews)

Summary: Elon Musk is set to suffer a massive loss of US$440 million for the Bitcoin investment in Tesla for the drastic crypto downtrend in the highly unstable crypto market in 2022.

Match with the search results: Tesla still holds about $2.18 million in BTC per the company’s Q3 2022 earnings report. “Digital assets are considered indefinite-lived ……. read more

Author: www.barrons.com

Date Submitted: 07/27/2020 09:29 PM

Average star voting: 4 ⭐ ( 59716 reviews)

Summary: Now, Tesla has reportedly offloaded 75 percent of its Bitcoin holdings, another sign that major players are starting to grow wary of a “crypto winter.”

Match with the search results: And Bitcoin and Tesla in particular are even more in tune, as, at the end of 2021, Tesla’s Bitcoin holdings were worth around $1.99B. And, while it doesn’t at ……. read more

Author: mashable.com

Date Submitted: 09/06/2022 08:59 AM

Average star voting: 5 ⭐ ( 27078 reviews)

Summary: Estimates have suggested that Tesla bought its $1.5 billion BTC stash at an average price of $34,200 a coin.

Match with the search results: , with chief executive Elon Musk saying it would be accepted as payment. It changed course a few weeks later, and Tesla has since sold most of its Bitcoin holdings. It now holds about $184m of Bitcoin….. read more