Elon Musk’s Tesla missed out on $3 billion by selling Bitcoin at $31k

Dec 5, 2024  · While Bitcoin surpassing $100,000 today, increased the value of Tesla’s remaining crypto holdings to over $1 billion, Tesla initially invested $1.5 billion in Bitcoin in early 2021 at …


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Elon Musk’s Tesla Missed Out On $3 Billion By Selling Bitcoin At $31k

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Dec 5, 2024  · While Bitcoin surpassing $100,000 today, increased the value of Tesla’s remaining crypto holdings to over $1 billion, Tesla initially invested $1.5 billion in Bitcoin in early 2021 at …

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Elon Musk's Tesla Lost Out On $3,000,000,000 By Making One Costly ...

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Dec 9, 2024  · Even if you take an arbitrary 1% purchase price in Bitcoin, Tesla would've could've acquired 81,388 BTC by now, which would be worth around $8.3 billion. If Musk has really got …

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CoinStats - Elon Musk’s Tesla Missed Out On $3 Billion By...

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Tesla made $936 million from the sale, indicating that it sold for less than its purchase price of $38,000. With around 29,605 BTC sold by Telsa, that equates to a selling price of …

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Elon Musk’s Tesla Missed Out On $3 Billion By Selling Bitcoin At $31k

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Bitcoin’s bull run took a considerable hit when Elon Musk announced on May 12, 2021, that Tesla would no longer accept Bitcoin as payment due to environmental concerns. The price then fell …

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Elon Musk’s Tesla Missed Out On $3 Billion By Selling Bitcoin At $31k

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The post Elon Musk’s Tesla missed out on $3 billion by selling Bitcoin at $31k appeared first on CryptoSlate. While Bitcoin surpassing $100,000 today, increased the value of Tesla’s …

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Elon Musk’s Tesla Missed Out On $3 Billion By Promoting Bitcoin At …

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Dec 5, 2024  · Whereas Bitcoin surpassing $100,000 at present, elevated the worth of Tesla’s remaining crypto holdings to over $1 billion, Tesla initially invested $1.5 billion in Bitcoin in …

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Tesla's Elon Musk Bet Billions On Bitcoin. Has It Paid Off?

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Feb 8, 2022  · This share is valued at $1.99 billion as of Dec. 31, CEO Elon Musk's group said on Monday. Tesla had invested $1.5 billion in bitcoin in early February 2021. ... $128 million gain …

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Elon Musk's Tesla Has Sold 75% Of Its Bitcoin: Here's Why

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Jul 21, 2022  · Tesla offloads the bulk of its Bitcoin holdings but chief Elon Musk says the decision was not a "verdict" on the digital currency. Written by Liam Tung, Contributing Writer July 21, …

zdnet.com

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Tesla Sells 70% Of Bitcoin Holdings, Misses Out On Over $300M In

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Tesla, the electric vehicle manufacturer led by CEO Elon Musk, has liquidated a significant portion of its Bitcoin holdings, resulting in a missed opportunity of over $300 million in profits.

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Elon Musk’s Tesla Dumps 75% Of Bitcoin Holdings As Profit Plunges

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Jul 21, 2022  · On the company front, Tesla failed to impress shareholders. Its Q2 profit also fell 32% to $2.26 billion from the first quarter of 2022 when it had recorded a $3.3 billion net profit. …

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Tesla’s Missed Opportunity: How Refusing To “HODL” Bitcoin Cost …

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Elon Musk's car company has sold off 70% of its Bitcoin portfolio, which, in hindsight, did not yield the desired outcome. ... Tesla’s decision to sell a significant portion of its Bitcoin holdings has …

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Is Elon Musk Selling Bitcoin? Tesla Transfers All $760M Of Its BTC To ...

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Oct 15, 2024  · Tesla bought $1.5 billion worth of bitcoin in February 2021, and at some point owned as much as $2.5 billion worth, according to Arkham data. However, the firm sold 75% …

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Elon Musk’s Tesla Missed Out On $3 Billion By Selling Bitcoin At $31k

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While Bitcoin surpassing $100,000 today, increased the value of Tesla’s remaining crypto holdings to over $1 billion, Tesla initially invested $1.5 billion in Elon Musk’s Tesla missed out …

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Tesla Quietly Transfers $765 Million In Bitcoin, Putting Musk's ...

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Oct 21, 2024  · Tesla first made headlines in early 2021 when it invested $1.5 billion in Bitcoin. Musk, never one to shy away from risk, saw the move as a way to diversify Tesla's portfolio …

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Elon Musk: A Look At The Tesla CEO's Business Empire - Yahoo

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5 hours ago  · Business magnate Elon Musk is the richest man in the world, starting 2025 with a net worth of around $425 billion. That dwarfs the net worth of Amazon.com founder Jeff …

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Pension Fund Exits Tesla, 'Had A Problem’ With Elon Musk Pay

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2 days ago  · Tesla stock soared after the election and hit all-time highs in 2024, helping Musk's wealth hit the $400 billion level. Tesla stock opened for trading at $201.02 on July 1 and …

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#Bitcoin Breaks $100K In A Game-Changing 2024 - YouTube

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2024 was huge for crypto. Bitcoin hit $100K, ETFs brought billions, and meme coins plus AI-driven platforms like Pump.Fun stole the spotlight. With Bitcoin h...

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Tom Clements Stepping Down As Packers' QBs Coach After Working …

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1 day ago  · Love completed 63.1% of his passes this season, down from 64.2% in 2023. Love, who missed two games with a knee injury, threw 25 touchdown passes with 11 interceptions in …

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FAQs about Elon Musk’s Tesla missed out on $3 billion by selling Bitcoin at $31k Coupon?

Will Elon Musk sell bitcoin?

At the time, Mr Musk said on social media that the company would not be selling the Bitcoin it owned. Last year, Elon Musk took to Twitter to outline Tesla's position on Bitcoin. "Tesla will not be selling any Bitcoin". That sounds pretty emphatic. ...

Is Elon Musk investing in cryptocurrency?

Elon Musk's ventures into cryptocurrency are raising eyebrows once again. Blockchain analytics firm Arkham Intelligence reported that Tesla recently moved about $765 million worth of Bitcoin to unidentified wallets. This massive transfer has sparked a flurry of speculation. What's Tesla planning next? ...

Why did Tesla stop accepting bitcoin?

One Bitcoin now trades for less than $25,000. Tesla last year stopped accepting Bitcoin as payment for its cars, citing concerns about the climate impact of energy-intensive Bitcoin mining. At the time, Mr Musk said on social media that the company would not be selling the Bitcoin it owned. ...

Did Tesla sell 75% of bitcoin?

Tesla has revealed it offloaded approximately 75% of its Bitcoin between April 1 and the end of June. The sales, which took place across the second calendar quarter, added $936 million in cash to its balance sheet and were reported as a negative impairment, Tesla said in its Q2 earnings report. How do I buy Bitcoin? Here's how it works ...

Does Tesla own bitcoin?

Tesla, which made waves last year when it revealed a major investment in Bitcoin, has now sold off most of its holdings of the cryptocurrency. The electric car firm has offloaded 75% of its Bitcoin, which was worth about $2bn (£1.7bn) at the end of 2021. ...

Why did Tesla convert its bitcoin holdings?

Musk hopped in to explain Tesla's decision to convert its Bitcoin holdings was not a "verdict" on Bitcoin, but was made to improve its cash position due to uncertainty over COVID-19 restrictions in China, which impacted its Shanghai Gigafactory. ...

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