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bitcoin

Tesla bitcoin
News

Tesla held on to its bitcoin assets in Q4 2022

January 26, 2023 Richard Walker 0

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 bitcoin
News

Tesla sells 75% of their Bitcoin holdings

July 20, 2022 Darryn John 0

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 bitcoin
Tesla Energy

Tesla expected to report $440 million impairment on its Bitcoin holdings for Q2 2022

July 5, 2022 David Odejide 0

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 bitcoin
Tesla Energy

Tesla Megapack to power solar Bitcoin mining project in Texas

April 8, 2022 Scott Nordlund 0

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 […]

kimbal
News

Tesla “had no idea of the environmental impact” of Bitcoin before $1.5BN purchase: Kimbal Musk

February 24, 2022 Darryn John 0

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 bitcoin
News

Tesla’s Bitcoin holdings reach nearly $2 billion in value

February 7, 2022 Darryn John 0

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, […]

dogecoin
News

Tesla to accept Dogecoin payments, but only for merchandise (for now)

December 14, 2021 Darryn John 0

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. […]

Tesla bitcoin
News

Tesla hints at increasing cryptocurrency holdings and return of Bitcoin payments in SEC filing [Update]

October 26, 2021 Darryn John 0

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 […]

Bitcoin
News

After dipping into negative territory, Tesla’s Bitcoin investment back up by $1 billion

October 14, 2021 Darryn John 0

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 […]

Bitcoin
News

Tesla records $23M impairment due to Bitcoin drop

July 27, 2021 Scott Nordlund 0

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 […]

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