Elon Musk’s Tesla Sold Bitcoin in Q1, Earnings Report Reveals

Apr 26, 2021  · Tesla has cashed out some of its Bitcoin.. In an investor call today, the electric carmaker reported its Q1 2021 earnings and revealed $272 million in proceeds and a "$101M …


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Elon Musk’s Tesla Sold Bitcoin In Q1, Earnings Report Reveals

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Apr 26, 2021  · Tesla has cashed out some of its Bitcoin.. In an investor call today, the electric carmaker reported its Q1 2021 earnings and revealed $272 million in proceeds and a "$101M …

decrypt.co

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Elon Musk's Tesla Sold Bitcoin In Q1 For Proceeds Of $272M

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Apr 26, 2021  · Tesla sold some of its bitcoin stash in the first quarter for $272 million in proceeds. The sale trimmed Tesla's position by 10%, Tesla CFO Zach Kirkhorn said on an earnings call …

coindesk.com

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Tesla Has Sold 75% Of Its Bitcoin Holdings, Electric Car Maker Reveals

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Jul 21, 2022  · On a call to discuss the results with financial analysts, CEO Elon Musk said the company decided to sell about three quarters of its bitcoin holdings during the quarter, which …

cbc.ca

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Tesla Sold Bitcoin In Q1 For Proceeds Of $272M - Yahoo Finance

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Elon Musk's electric vehicle company purchased $1.5 billion in BTC in February. ... Tesla CFO Zach Kirkhorn said on an earnings call Monday. ... Tesla Sold Bitcoin in Q1 for Proceeds of …

yahoo.com

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Tesla Sold $272M Bitcoin In Q1 — Musk Responds To Portnoy

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Apr 26, 2021  · Tesla Inc. (NASDAQ: TSLA) said in its first-quarter earnings report on Monday that it sold $272 million worth of its Bitcoin (BTC) holdings in the quarter.

benzinga.com

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Tesla Sold Some Of Its Bitcoin And Made $272 Million In Profit

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Apr 26, 2021  · Update: Tesla CFO Zachary Kirkhorn says that Tesla trimmed its Bitcoin position by 10% during the Q1 Earnings Call. Tesla announced that it sold some of its Bitcoin …

teslarati.com

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Elon Musk’s Tesla Sold Bitcoin In Q1, Earnings Report Reveals

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Apr 26, 2021  · Elon Musk’s Tesla Sold Bitcoin in Q1, Earnings Report Reveals. ... Tesla has cashed out some of its Bitcoin in exchange for a $272 million payday. In an investor call today, …

cryptonews.net

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New Details In Tesla’s 10Q Shed Light On Its Bitcoin Holdings

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Apr 28, 2021  · In its press release, Tesla stated that it sold 10% of its Bitcoin in Q1, collecting $272 million in cash proceeds. So prior to trimming its position, Tesla owned around 46,000 …

fortune.com

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Elon Musk’s Tesla Says It Has Sold 75% Of Its Bitcoin Holdings

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Jul 20, 2022  · Bitcoin plunged about 3% from about $23,750 to $23,025 in the minutes following the release of Tesla’s earnings report. Tesla shares, meanwhile, were up 1.5% at $742.50 in …

nypost.com

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Elon Musk’s Tesla Profited $438M In Q1, Including $101M From …

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Apr 27, 2021  · On Monday, the Elon Musk-led company reported another quarter with record earnings. In the first three months of 2021, Tesla raked in $10.39 billion in revenue and $438 …

observer.com

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BREAKING: Elon Musk's Tesla Sold 75% Of Its Bitcoin

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Jul 20, 2022  · On February 8, 2021 Tesla announced that it had purchased $1.5 billion in bitcoin and had begun accepting BTC as payment. Later in Q1, 2021 the company sold $272 million …

bitcoinmagazine.com

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Tesla Sells 75% Of Its Bitcoin Holdings - Nasdaq

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Jul 21, 2022  · (RTTNews) - In early 2021, electric car maker Tesla Inc. (TSLA) invested $1.5 billion in bitcoin, cashing in on what it believed was the digital currency's "long-term potential." …

nasdaq.com

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Tesla Bitcoin Holdings Revealed By Earnings Report After Fears Of ...

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Oct 24, 2024  · This report comes after Tesla moved $773 million worth of Bitcoin to seven different wallets, sparking investor concerns. This was despite Elon Musk reportedly …

dailycoin.com

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Elon Musk’s Tesla Has Sold 75% Of Its Bitcoin Holdings

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Jul 20, 2022  · Tesla sold 75% of its Bitcoin, worth approximately $936 million, according to its Q2 earnings report.. In its after-market earnings announcement, the electric car manufacturer …

decrypt.co

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Elon Musk’s Tesla Sold Bitcoin In Q1, Earnings Report Reveals

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tldr; Tesla has cashed out some of its Bitcoin. The electric carmaker reported a net cash outflow of $1.2 billion in crypto in the first quarter. The sale contributed to a record quarterly net …

reddit.com

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

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19 hours ago  · Business magnate Elon Musk is the richest man in the world, starting 2025 with a net worth of around $425 billion. ... Elon Musk: A Look At The Tesla CEO's Business Empire. …

yahoo.com

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Tesla Sells 75% Of Its Bitcoin Purchases - The Wall Street Journal

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Jul 20, 2022  · Tesla Inc. said it has sold 75% of the bitcoin it had purchased, little more than a year after investing in the digital currency. The electric-vehicle maker said the sale added $936 …

wsj.com

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Tesla Stock Is Soaring. Inflation Trumps The SEC. - Yahoo

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21 hours ago  · A record fourth quarter saw 365,824 units sold in the U.S., despite some weakness from sector leader Tesla Inc (NASDAQ:TSLA). Fourth-quarter EV sales were up 15.2% year …

yahoo.com

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#MicroStrategy Hits 446,400 BTC Despite Stock Slump - YouTube

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MicroStrategy now holds 446,400 BTC worth $42B, doubling down on its Bitcoin strategy even as MSTR stock drops 36% from its all-time high. Will Saylor’s bold...

youtube.com

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Tesla Q4 Preview: Don't Doubt The Technoking - Seeking Alpha

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17 hours ago  · I project $240B in 2030 Tesla, Inc. revenues, 18.5% margins, and $8.90 GAAP EPS, targeting an $850 price and 16.5% CAGR over 5 years, with 25% margin of safety at …

seekingalpha.com

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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...

youtube.com

FAQs about Elon Musk’s Tesla Sold Bitcoin in Q1, Earnings Report Reveals Coupon?

Did Elon Musk sell bitcoin?

On a call to discuss the results with financial analysts, CEO Elon Musk said the company decided to sell about three quarters of its bitcoin holdings during the quarter, which added $936 million cash to its balance sheet. Tesla started accepting bitcoin as payment for its products in early 2021, a major boost for the cryptocurrency. ...

How much did Elon Musk's bitcoin sale contribute to Tesla's earnings?

The of $272 million in Bitcoin sale contributed to a record quarterly net income for Elon Musk's company of $438 million. While bullish for Tesla, it's perhaps less so for Bitcoin, the price of which was up about 10% on the day before Tesla's announcement. ...

Why did Tesla sell 75% of its bitcoin?

“Bitcoin impairment” prompted the sale, the company said. Elon Musk the founder of Tesla. Image: Shutterstock Tesla sold 75% of its Bitcoin, worth approximately $936 million, according to its Q2 earnings report. ...

Are Tesla and Elon Musk in a relationship with Bitcoin?

Tesla and Musk have had an on-again, off-again relationship with Bitcoin. The electric vehicle company invested $1.5 billion in Bitcoin in February 2021, after changing its investment policy in January to allow it to hold digital assets. It was seen as a very bullish move at the time. ...

Did Elon Musk dump bitcoin to'make a fortune'?

Elon Musk has hit back at a critic who claimed he pumped and dumped Bitcoin to "make a fortune" after Tesla reported first quarter earnings that surpassed market expectations. The electric carmaker reported net income of $438 million for the quarter ending in March, while total revenue grew 74 percent year-on-year. ...

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. ...

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