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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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
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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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Elon Musk says Bitcoin may have already hit his benchmark on renewable energy

Tesla CEO Elon Musk has hinted the crypto industry is on its way towards a greener future, but the car manufacturer won’t be accepting Bitcoin payments just yet.

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Bitcoin may have played a role in Tesla’s decorrelation from Big Tech

Market analysts are arguing that Tesla’s exposure to Bitcoin (BTC) may be the reason for its sharp decorrelation from Big Tech in recent weeks. As of Wednesday, July 14, the 20-day correlation between the company’s price and the Nasdaq 100 index has dropped from 0.

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Elon Musk and Jack Dorsey Are Ready to Talk Bitcoin | Crypto Briefing

Key Takeaways

Jack Dorsey, CEO of Twitter and Square, has announced a Bitcoin conference called the “The B Word.”
Elon Musk, CEO of Tesla, has agreed to discuss Bitcoin with Dorsey when the event takes place next month.
The conference will take place on July 21, 2021.

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