Tesla Expected to Report $440 Million Writedown on Its Bitcoin Holdings

2022-7-3 21:40

Tesla reported that it held roughly $2 billion worth of Bitcoin back in November

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bitcoin tesla roughly held billion worth november

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Analyst Explains Rationale Behind Tesla’s New Stance On Bitcoin

Elon Musk recently set the cryptocurrency community ablaze when he announced Tesla’s withdrawal in accepting Bitcoin as a payment medium. The company’s sole reason for backpedaling on its decision to accept Bitcoin is tied to the asset’s level of energy consumption which Tesla believes is highly unsustainable despite Bitcoin being a promising digital currency in […]

2021-5-15 16:09