Tesla Sold Its Bitcoin at Pretty Much the Worst Moment Imaginable
Tesla massively missed the mark in the second quarter of this year, reporting that its automotive revenue fell a whopping 16 percent, compounding last quarter's financial woes. And as sales continue to plummet worldwide, the Elon Musk-led EV maker could really use a lifeline in the form of billions of cash. However, as CNBC reports, its digital assets investments likely won't be the solution. According to its investor deck, its current cryptocurrency holdings are worth $1.24 billion. While that's marginally higher than the $722 million from 2024, the company's Bitcoin holdings could be several times larger. That's in large part […]
Link :
https://futurism.com/the-byte/tesla-sold-bitcoin-worst-moment