E Point Perfect – Interesting and beneficial content

Here’s What Happened to Tesla’s Bitcoin Holdings in Third Quarter


article image

Alex Dovbnya

Tesla has reported its disappointing Q3 results

E-car manufacturer Tesla has reported that its Bitcoin holding had remained unchanged throughout the third quarter.

As reported by U.Today, the company sold 75% of its cryptocurrency holdings in the second quarter.

Tesla initially purchased $1.5 billion worth of Bitcoin in February 2021, propping up the value of the largest cryptocurrency.   

Tesla missed Wall Street revenue estimates, generating an underwhelming $21.45 billion worth of revenue. The Street was looking for $21.96 billion.        


The shares of the e-car maker are now down more than 5% due to the disappointing revenue miss after rebounding earlier this week together with the rest of the U.S. stock market.  


Source link

Related posts

Why Should You Pay More Attention to Chainlink?

Cardano Midnight: Monero Retracts Negative Statements

Ethereum Fees Plunge Ahead of Merge Event

Why Is FTX Cryptocurrency’s Value up Over 170% in 2023?

Lido Finance to Sell $29 Million Worth of Tokens, Causing 20% LDO Drop

SAND’s Price Rallies by 12% as $9.9 Million Shoveled by Whales