While Elon Musk is known best for his association with electric vehicles, he has other less-known passions, including cryptocurrencies. His biggest company Tesla holds considerable bitcoins that it did not trade in during the last quarter. The […]
Tesla has sold the majority of their Bitcoin holdings, announcing in their Q2 2022 financial report they have converted approximately 75% of their Bitcoin purchases into fiat currency. According to the report, this conversion added […]
Tesla’s Q2 2022 financial results will be impacted by an estimated $440 million impairment on its Bitcoin holdings, a cryptocurrency that the company invested $1.5 billion into in 2021. After reaching an all-time high above […]
Tesla, Block and Blockstream are teaming up to mine Bitcoin off of solar power in Texas. The facility will include a 3.8-megawatt solar array and a 12 megawatt-hour Megapack to power the facility located in […]
Tesla announced last year it was moving into the world of cryptocurrency after purchasing $1.5 billion worth of Bitcoin. Soon after they became the first automaker to accept cryptocurrency as a method of payment for […]
Tesla made headlines almost one year ago to the day when it announced the purchase of $1.5 billion worth of Bitcoin (BTC). While the automaker no longer allows customers to purchase vehicles with the cryptocurrency, […]
Tesla is getting back into the world of cryptocurrency. CEO Elon Musk announced early on Tuesday morning the company will soon begin accepting the meme-inspired Dogecoin as payment for some merchandise in the online shop. […]
Earlier this year Tesla purchased $1.5 billion worth of Bitcoin, making the announcement in a regulatory filing with the Securities and Exchange Commission (SEC). Soon after the automaker began accepting the cryptocurrency as a method […]
Tesla shocked many investors and analysts when it announced earlier this year it had purchased $1.5 billion worth of Bitcoin. The automaker’s move into cryptocurrency went even further when it started accepting it as payment […]
On Monday, Tesla announced that the company had a $23 million impairment due to the drop of Bitcoin’s value. The impairment put a slight drag on Tesla’s quarterly operating income. Back in February, Tesla announced […]
