How much did tesla lose on bitcoin

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Elon Musk�s Tesla sell most of its Bitcoin holdings � BBC News
Musk seems to have timed the market well, as a rough calculation implies Tesla lost only around $ million from its initial Bitcoin investment. Tesla has dumped 75% of its bitcoin holdings a year after touting 'long-term potential'. Elon Musk's Tesla still holds $ million in bitcoin. The Q3 quarterly earnings report indicates that the electric vehicle company has.

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Add Electrek to your Google News feed. More recently, Tesla also directly helped improve renewable energy use in Bitcoin mining with Megapacks at a Bitcoin mine in Texas. You can send tips on Twitter DMs open or via email: fred 9to5mac. In the first quarter of , when Tesla went big on bitcoin, the company said the decision was a matter of becoming more flexible, diversifying and picking up returns from its cash holdings.