Tesla Inc., the world’s EV manufacturing leader, reported today that none of their $312 million worth of Bitcoin was sold in Quarter 3, 2023. With this new update, Tesla’s Bitcoin stash has remained unchanged for five consecutive quarters.
Tesla’s latest sale occurred in Q2/2022 when Elon Musk confirmed that his corporation sold over 30,000 Bitcoin at approximately $936 million. Other sales from SpaceX were revealed by the Wall Street Journal earlier in August.
The media firm sourced SpaceX’s financial report, saying that $373 million worth of Bitcoin were sold in 2021 and 2022. However, the estimated amount of Bitcoin that SpaceX owns remained a question.
Tesla Still Has BTC
In addition to the Bitcoin holding report, Tesla revealed that the company’s earnings were $23.35 billion in Q3/2023, up 9% compared to the prior-year period. Tesla’s earnings growth is particularly impressive given the challenging…
