Tesla lost $140M on Bitcoin investments last year.

 

Tesla lost $140M on Bitcoin investments last year.

 The electric vehicle maker lost $204M on it overall but gained $64M of it back through trading.


  • CEO Elon Musk said that Tesla might accept Bitcoin as payment and poured $1.5B into the cryptocurrency. 
  • Tesla has sold its Bitcoin holdings since then due to uncertainty in the markets. 
  • The carmaker now holds about $184M of Bitcoin.
  • In November 2021, Bitcoin soared to nearly $70,000 before losing two-thirds of its value during the crypto winter. 

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