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Tesla Energy July 5, 2022 0 comments on Tesla expected to report $440 million impairment on its Bitcoin holdings for Q2 2022

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

by David Odejide

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 […]

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Model 3 January 9, 2022 0 comments on Tesla owner supposedly mining $800 a month in crypto from his Model 3

Tesla owner supposedly mining $800 a month in crypto from his Model 3

by Scott Nordlund

As per a report on CNBC, Siraj Raval is one of the latest Tesla owners to use the vehicle as a conduit to mine for cryptocurrencies. Raval is running free mining software on his Apple […]

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News April 26, 2021 0 comments on Tesla confirms sale of 10% of Bitcoin holdings

Tesla confirms sale of 10% of Bitcoin holdings

by Scott Nordlund

On the Q1 Tesla Earnings call on April 26, Elon Musk confirmed the company sold 10% of their bitcoin holdings. The 10% sale made the company $272 million per the Q1 financial release. Musk noted […]

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Bitcoin
News February 8, 2021 0 comments on Tesla announces $1.5BN purchase of Bitcoin, will accept as a payment method

Tesla announces $1.5BN purchase of Bitcoin, will accept as a payment method

by Scott Nordlund

Early Monday morning, Tesla announced that the company had bought 1.5 billion in Bitcoin. In a regulatory filing the company said it will accept Bitcoin payments “subject to applicable laws and initially on a limited […]

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