Bitcoin was trading lower in today’s session, as it was revealed that Tesla had sold 75% of its holdings in the cryptocurrency. The news comes following the company’s Q2 earnings call, where they conf...
Tag: Tesla
Tesla Sells Most of Its Bitcoin Holdings
Alex Dovbnya Tesla has dumped the vast majority of its Bitcoin holdings, adding $936 million to its cash reserves Leading e-car manufacturer Tesla has converted 75% of its Bitcoin holdings into fiat, ...
New Reason For The Market Crash Revealed: Tesla Sold 75% Of Its Bitcoin In Q2
It’s true, Tesla already sold almost a billion dollars in BTC and the market took it like a champ. Of course, the price fell below the previous all-time high for the first time in bitcoin’s history, b...
Harvard’s Mass General Hospital Is Rolling Out A Massive Hospital-At-Home Program
Mass General Brigham (MGB) hospital system is one of the most famous organizations in the world, known for its cutting edge clinical care, research, and innovation. In its latest venture to reduce spe...
Tesla selling 75% of its Bitcoin is ‘great news’, says Tron founder
Tesla Inc. (TSLA) sold 75% of its Bitcoin (BTC) holdings for $936 million in the second quarter ending June, details from the company’s quarter 2 results showed. According to the electric carmaker, of...
Tesla Sells 75% Of Its Bitcoin Holdings – Elon Musk Says Will Still Buy BTC In The Future, Adding No Dogecoin Was Sold
– Advertisement – Tesla sold $936 million worth of Bitcoin in Q2 2022. Leading electric motor company Tesla in its latest earnings report, disclosed that it had sold 75% of its Bitcoin hol...
Crypto market cap remains above $1 trillion despite Tesla selling 75% of its Bitcoin holdings
Even though electric vehicle (EV) maker Tesla (NASDAQ: TSLA) has revealed that it sold $936 million worth of Bitcoin (BTC), or 75% of its holdings, during the second quarter, the market capitalization...
Tesla breaks even on Bitcoin sale, Musk confirms no Dogecoin was sold
Tesla released its Q2 2022 financial report on July 20, which showed the company had sold 75% of its Bitcoin holdings, netting $936 million in the process. “As of the end of Q2, we have converted appr...
Tesla Sold Bitcoin Worth Over $930mn, Elon Musk Blamed Cash Crunch—Spared Dogecoin
Elon Musk clarified Tesla’s Bitcoin selling is a temporary move and they still hold Dogecoin. Electric car manufacturer giant, Tesla reported selling their bitcoin holdings. Overall, Tesla sold ...
Bitcoin Holds Steady Above $22K Even As Elon Musk’s Tesla Dumps 75% Of Its BTC Holdings ⋆ ZyCrypto
Advertisement     Tesla has sold 75% of its bitcoins in a move that has triggered market hysteria. The sale was seemingly made to prevent a negative cash flow this qua...
Elon Musk swore in March not to sell any Bitcoin, but Tesla cashed out 75% of its Bitcoin holdings amid the crypto winter just months later
Electric vehicle maker Tesla sold $936 million worth of Bitcoin, 75% of its holdings, in the second quarter, according to a shareholder deck released in anticipation of its earnings call on Wednesday....
Tesla meets Q2 expectations, sells 75% of its Bitcoin
Tesla (TSLA) reported its Q2 earnings after the closing bell on Tuesday, meeting analysts’ estimates, following a prolonged COVID-induced shutdown at its Shanghai production facility. The company also...
Tesla Sold $936 Million of its Bitcoin Holdings in Q2
According to Tesla’s Q2 2022 earnings report released on Tuesday, the car manufacturer has sold almost all of its Bitcoin into fiat currency. The selloff netted the company an additional $936 million ...
Tesla Sold 75% Bitcoin Holdings in Q2, Worth $936m
Electric car manuficaor Tesla (TSLA) announced that it sold $936 million worth of its Bitcoins or 75% of its holdings in the second quarter. The company reported the revelation in its earnings report ...
Tesla Sold 75% of Its Bitcoin — Elon Musk Says ‘We Have Not Sold Any of Our Dogecoin’ – Featured Bitcoin News
Tesla has converted approximately 75% of its bitcoin into fiat currency. The cryptocurrency sales left the electric car company holding digital assets worth $218 million. “We are certainly open to inc...
Tesla sells 75% of its Bitcoin holdings
Tesla has remained one of the crypto-promoter companies as its CEO Elon Musk backed Bitcoin in recent years. His support for Bitcoin resulted in a huge rally that took this coin to record highs. Their...
Electric Car Maker Tesla Dumped $936 Million Worth of Bitcoins in Q2
The world’s largest electric car manufacturer, Tesla Inc., on Wednesday, released its second quarter (Q2) financial earnings report revealing the sale of 75% of its total bitcoin worth billions of dol...
Tesla Ruins Bitcoin Rally? Musk’s Company Sold 75% Of Its BTC
Bitcoin has lost some of its gains as news about Tesla’s earnings report is published. The Elon Musk-led company revealed that it sold 75% of its BTC holding at a 9% loss over Q2, 2022. Related Readin...
Tesla has sold 75% of its Bitcoin holdings, earning $936M
Tesla on July 20 revealed that it sold 75% of its Bitcoin (BTC) holdings in the second quarter of 2022. According to the electric car maker shareholder’s deck, its Bitcoin trade brought $936 million t...
Ford Plans to Cut Several Thousand Salaried Jobs
Ford Motor Co. is planning to cut several thousand white-collar workers as it looks to trim costs to position the company for a long-range transition to electric vehicles, according to people familiar...
Tesla profit drops but company hits new production level
Tesla’s 2022 second-quarter profit fell 32% from record levels in the first quarter as supply chain issues and pandemic lockdowns in China slowed production of its electric vehicles. (Chris Carl...
Tesla Tops Q2 Earnings Views, But Automotive Margins Decline; Shares Gain After-Hours| Investor’s Business Daily
Tesla (TSLA) reported better-than-expected second-quarter earnings late Wednesday, even as the electric-vehicle maker dealt with plant closures in Shanghai and supply shortages. Tesla stock edged high...
Tesla sold $936 million worth of bitcoin in the second quarter
Electric car maker Tesla (TSLA) sold $936 million worth of bitcoin during the second quarter, the company said Wednesday, citing uncertainties related to COVID-19 shutdowns in China. Tesla’s rem...
Tesla Sold 75% of Its Bitcoin in the Last Quarter
Key Takeaways Tesla has revealed that it sold 75% of its Bitcoin holdings during the last quarter. The electric vehicle company stated it had raised $936 million in cash from slashing its holdings, bu...
Dow Jones Gains; Tesla Stock Rises After Elon Musk Makes This Boast; Netflix Surges
The Dow Jones Industrial Average inched higher but lagged the other major indexes. Tesla (TSLA) was gaining ahead of its latest earnings report following an Elon Musk boast. Netflix (NFLX) was picking...
Tesla Q2 results: CFRA analyst says the stock is a ‘buy’ here
Tesla Inc (NASDAQ: TSLA) shares are volatile in extended trading after the leading U.S. electric cars manufacturer reported a 42% annualised growth in revenue that still came in shy of Street estimate...
Why Tesla May Have To Resume Bitcoin Payments Again?
The Bitcoin Mining Council has announced the result of its second-quarter survey. The survey reveals that the global bitcoin mining industry’s sustainability electricity mix is 59.5%. A sustainabilit...
Tesla Shares Rally Despite Slowdown In Profits, Impact From China Shutdown
Topline Shares of Tesla jumped late on Wednesday after the company reported second-quarter results that beat Wall Street expectations, despite analyst concerns about production taking a hit from month...
Tesla Inc is on a ‘knife’s edge’ heading into the Q2 report: Analyst
Tesla Inc (NASDAQ: TSLA) is on a “knife’s edge” ahead of its Q2 results scheduled for Wednesday after the bell, says Carter Worth – one of the top three technical analysts at W...
Dow Jones Futures Rise After Stock Market Stages Nasty Reversal With Netflix, Tesla Earnings Due
Dow Jones futures were higher following Monday’s nasty stock market reversal ahead of Netflix earnings, due out Tuesday. Tesla earnings are on deck for Wednesday. X Earnings season continues, wi...
CATL Might Bring Battery Capacity to America With Mexico Plant, Report Says.
Text size Contemporary Amperex Technology is the largest and most valuable battery maker. Qilai Shen/Bloomberg The electric-vehicle battery giant Contemporary Amperex Technology might be readying its ...