Elon MuskIMAGE SOURCE, GETTY I

2023-03-27

Elon MuskIMAGE SOURCE, GETTY IMAGES

Tesla made a $140m (£113.5m) loss on its Bitcoin investments in 2022, according to filings.

The electric car maker told the US regulator it lost $204m on Bitcoin overall, though it gained back $64m through trading.

Tesla put $1.5bn into Bitcoin in early 2021, with chief executive Elon Musk saying it would be accepted as payment.

It changed course a few weeks later, and Tesla has since sold most of its Bitcoin holdings.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Sonoma
2023-03-27
Sonoma
Thank you for sharing
Daffyflaffy
2023-03-27
Daffyflaffy
What to expect
MarketWizard
2023-03-27
MarketWizard
latest
DaveNg5144
2023-03-27
DaveNg5144
Ok
DaveNg5144
2023-03-27
DaveNg5144
Ok
Derrick3388
2023-03-27
Derrick3388
👍

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