Tesla’s Bitcoin Holdings Remains Unchanged in The Third Quarter

Tesla has maintained its bitcoin holdings in the third quarter as the electric carmaker did not sell any of its bitcoins nor purchase any additional bitcoin, its latest earnings report shows.

The value of its digital assets remained at $218 million, the same as they were at the end of the second quarter.

Tesla, in the second quarter, surprised investors by selling $936 million worth of bitcoin, or approximately 75% of its total holdings.

Tesla chief Elon Musk had noted that the EV maker is open to boosting its bitcoin exposure in the future and that the sale “should not be taken as some verdict on bitcoin."

For the third quarter, Tesla reported adjusted earnings per share of $1.05, beating the consensus estimates of $1.00 a share.

Tesla also reaped revenue of $21.45 billion, shy of a $21.98 billion estimate.


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