Tesla reports record $1B income for Q2 despite $23M impairment loss on BTC

Electric vehicle and clean energy firm, Tesla, has reported $1.14 billion in net income for the second quarter.
The firm’s July 26 earnings report showed that total revenue grew by 98% year on year (YOY) for Q2, increasing from $6 billion in 2020 to $11.9 billion this year.

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Here’s how much Musk and Saylor’s tweets influenced crypto prices in Q2

Elon Musk and Michael Saylor played a significant role in shaping crypto investor sentiment during the second quarter, underscoring just how nascent digital asset investing remains when compared with other, more established markets.

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Bitcoin price weekly outlook: BTC bulls await breakout above 50-day EMA

A four-day winning streak brought the Bitcoin (BTC) prices closer to testing its 50-day exponential moving average (~$35,115) as resistance.

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Bitcoin traders watch $32K ahead of Friday’s $330M BTC options expiry

This Friday’s weekly Bitcoin (BTC) options expiry currently holds a $330 million open interest. Considering the recent struggle to regain the $32,000 support, this event is an important test of bulls’ willingness to display reversion signs.

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Bitcoin, Ethereum Rise as Elon Musk Reveals Allocations | Crypto Briefing

Key Takeaways

Elon Musk has reiterated that he plans for Tesla to accept Bitcoin as a form of payment once it becomes more sustainable and confirmed he owns Ethereum.
Bitcoin has risen over 3,000 points in reaction to Musk’s remarks.
Ethereum also looks primed for a new uptrend toward $2,300.

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Tesla Will Most Likely Resume Accepting Bitcoin (BTC) – Elon Musk – Ethereum World News

Elon Musk has stated that Tesla will most likely resume accepting Bitcoin for car payments
He pointed out that Bitcoin mining had shifted more towards renewables as China clamped down on coal-powered BTC mining within its borders
Mr.

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SpaceX owns Bitcoin, Elon Musk and Nic Carter believe BTC is becoming greener

Tesla CEO Elon Musk has revealed for the first time that his firm SpaceX owns Bitcoin (BTC).
The company is yet to officially announce how much Bitcoin it has purchased, however Musk’s other company Tesla purchased $1.

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