For accounting purposes, Tesla must value its bitcoin at its lowest point during a quarter Tesla sold 75% of its BTC but Elon Musk said it’s open to buying more Plunging bitcoin prices have forced Tes...
Tag: Tesla
Tesla Writes Down $170M in Bitcoin Impairment Charges in Q2
Electric carmaker Tesla recorded a $170 million impairment charge against the carrying value of its bitcoin assets. The company also recorded gains of $64 million from some of its bitcoin sales in a f...
Tesla holds Bitcoin worth $222M, SEC filing discloses
Tesla CEO Elon Musk has been one of the main reasons Bitcoin saw a tremendous value increase in recent years. But Musk’s love affair with Bitcoin didn’t continue as he announced his support for Dogeco...
Tesla reports $64M profit from Bitcoin sale
Tesla’s decision to offload most of its Bitcoin (BTC) treasuries netted the company a hefty profit in the second quarter, even as crypto prices plunged into a bear market. In the first six months of 2...
Tesla Reveals Bitcoin Holdings Worth $222 Million in Latest SEC Filing – Coinotizia
Tesla has revealed that it is still holding bitcoin worth $222 million in market value after selling 75% of its crypto holdings. The company recorded realized gains of $64 million on its recent bitcoi...
Tesla Cofounder Is Building A $3.5 Billion Plant To Make EV Battery Parts In The U.S.
Redwood Materials is building a $3.5 billion plant near Reno, Nevada, to make cathode and anode materials for electric vehicle batteries. Redwood Materials Redwood Materials, a battery recycling and m...
Tesla Reveals Bitcoin Holdings Worth $222 Million in Latest SEC Filing – Featured Bitcoin News
Tesla has revealed that it is still holding bitcoin worth $222 million in market value after selling 75% of its crypto holdings. The company recorded realized gains of $64 million on its recent bitcoi...
Good Luck Finding Any Of These Hot-Selling Cars On Dealers’ Lots
The Subaru Crosstrek was the fastest-selling car last month, sitting in inventory for an average … [+] 12.9 days before being driven off a dealer’s lot. Subaru These are not the best of ti...
Tesla cashes in on crypto
In its recent quarterly report, the electric car giant highlighted above-expected numbers much to the delight of investors, but also revealed the sale of large amounts of capital in Bitcoin and other ...
Tesla Hit With $170 Million Impairment Charge on Bitcoin Holdings
Elon Musk’s car manufacturer Tesla recorded a $170 million impairment charge for Bitcoin on its balance sheet during the first half of 2022. It also netted $64 million in gains from certain sales of t...
Charles Hoskinson Ridicules Tesla Over Recent Bitcoin Sale
6 hours ago | 2 mins read Altcoin News Bitcoin aficionados were astonished and disappointed by Tesla’s announcement. Hoskinson has ripped apart long-time Bitcoin developer Jimmy Song. As crypto Twitte...
Binance CEO says Tesla selling Bitcoin does not mean much
Tesla sold nearly $1 million worth of Bitcoin, according to its Q2 2022 filings. The sale has triggered mixed reactions from the crypto community, including from the CEO of Binance. Changpeng Zhao. Zh...
Tesla Boosts Capital Spending Plan, Reveals New SEC Subpoena
(Bloomberg) — Tesla Inc. increased its capital expenditure plan by billions of dollars after Chief Executive Officer Elon Musk referred to the carmaker’s new factories as “gigantic money furnace...
Apple’s Latest Report Details Its Bold Vision For Healthcare
For decades, Apple has taken the path less traveled. The company has never been viewed as a traditional healthcare company, but rather as a technology giant that has pioneered some of the most innovat...
The Love Triangle Between Tesla CEO, Google Co-Founder… And His Wife
The Tesla CEO is in talks of being in an entanglement with Google co-founder Sergey Brin’s wife. Elon disagreed and clarified with a tweet that the allegations are ‘total bs’. The Google Co-Founder ha...
Last Week [In] Crypto: Tesla Unloads Bitcoins, Three Arrows Capital Founders Resurface, Emmer Blasts SEC
It’s been a rough week for crypto but not to worry, Be[in]Crypto has collated the leading stories creating all the buzz in the markets. Crypto exchanges are expanding their turf, Finland makes a donat...
Cardano’s Charles Hoskinson Mocks Tesla and Bitcoin Maximalists As Tesla Failed To Maintain Its Bitcoin Diamond Hands
– Advertisement – Hoskinson trolls Bitcoin maximalists yet again. In a tweet on Sunday, input Output Global (IOG) founder Charles Hoskinson trolled Tesla and Bitcoin maximalists as crypto ...
Elon Musk On Fire: Tesla CEO Had An Affair With Google Co-Founder’s Wife – Report
Elon Musk, a cryptocurrency advocate, played the proverbial fire with the wife of his close friend, Sergey Brin, who co-founded Google in 1998. The hanky-panky caused Brin to file for divorce early th...
Tesla Dumped $936,000,000 In The Second Quarter
The well-known business magnate and CEO of Tesla said they have sold Bitcoins worth $936,000,000. The reason behind this huge sale is to raise the liquidity of cash in the electric car manufacturing i...
New way to short Tesla with AXS Investments ETF
Investors have a new way to make bullish and bearish bets on large-cap stocks. AXS Investments launched eight of 18 approved single-stock leveraged ETFs this month. The funds aim to increase exposure ...
VW’s Diess Goes, As Flawed Governance Foils Another Leader
Herbert Diess, chief executive officer of Volkswagen AG, who is leaving at the end of August. … [+] Photographer: Krisztian Bocsi/Bloomberg © 2022 Bloomberg Finance LP A software spat probably t...
Elon Musk’s Tesla ‘Certainly Open To Increasing Its Bitcoin Holdings’ As DOGE Gains Edge ⋆ ZyCrypto
Advertisement     Tesla has sold the majority of its bitcoin holdings. The electric car manufacturer founded by Elon Musk now holds only $218 million worth of the benc...
Tesla Dumping 75% of Its Bitcoin Doesn’t ‘Mean Much,’ Says the World’s Richest Crypto Billionaire – Here’s Why
The CEO of Binance is weighing in after the news broke that electric vehicle maker Tesla unloaded the majority of its Bitcoin (BTC) holdings. In a new interview with Fox Business, Binance head Changpe...
Lake Mead Is Shrinking, USPS Goes Electric And Software To Make Farmers Green
This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. TImothy Archibald for Forbes Agriculture ...
Tesla sells 75% of its Bitcoin holdings to meet production costs in China
Tesla’s second-quarter financial earnings revealed that the company sold 75% of its entire Bitcoin holdings. The sale of Tesla holdings generated the company $936 million worth of fiat currency. Elon ...
Tesla Wasn’t a ‘Money Furnace’ After All
Text size Tesla’s credit metrics look better than automotive peers. They look better than many large-cap stocks too. Justin Sullivan/Getty Images It turns out that money furnaces don’t have to b...