Tesla Sold 75% of its Bitcoin in the Last Quarter

Key Takeaways

  • Tesla just revealed it sold 75% of its Bitcoin holdings during the last quarter.
  • The electric vehicle company stated the Bitcoin sale had provided it with $936 million in cash, but had still negatively affected profitability.
  • Tesla originally bought $1.5 billion worth of Bitcoin in early 2021 for an average price of roughly $31,000.

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