Tesla Hasn’t Sold Any Bitcoins in Q2, According to the Latest Earnings Report

Bitget App

Trade smarter

Bitget

News

Cryptodnes2024/07/23 22:31

By:Cryptodnes

Elon Musk's Tesla just released its quarterly earnings report,

According to the report , the electric vehicle manufacturer hasn’t sold any of its Bitcoin holdings.

Tesla currently holds $640.86 million in BTC.

The company’s revenue also beat expectations – it registered $25.5 billion during the quarter (LSEG forecasted $24.77 billion).

Swan Bitcoin Suspends Bitcoin Mining Activities

Earnings per share however were disappointing – the report reveals $0.52 per shares (LSEG forecasted. $0.62)

At the time of writing, Bitcoin is trading at $65,750 after a 3.65% price decline in the past 24 hours and has a trading volume of around $36 billion.

While Tesla continues to lead the U.S. electric vehicle market by a significant margin, it is facing increased competition and losing market share.

This shift is partly attributed to its aging range of sedans and SUVs, as well as the effects of CEO Elon Musk’s controversial and politically charged statements on some of its more progressive customers.

SHARE: 0 SHARES

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Share link:In this post: Senator Jeanne Shaheen asked Trump to make Musk and DOGE staff certify they won’t use private government data for personal gain. DOGE employees accessed sensitive data from multiple U.S. agencies while slashing government departments. Steve Bannon also pushed for written proof Musk isn’t taking government data back to his companies.

Cryptopolitan•2025/05/22 11:57

Trump is singing a different tune about ‘buddy’ Putin in private

Share link:In this post: Trump told European leaders privately that Putin believes he’s winning and won’t end the war. He backed away from threats of sanctions and pushed for low-level talks at the Vatican instead. European leaders urged a cease-fire, but Trump rejected the term “unconditional” despite using it earlier.

Cryptopolitan•2025/05/22 11:57

OpenAI acquires Jony Ive’s io for $6.5B in a bold bid to disrupt AI hardware

Cointime•2025/05/22 10:32