Mr Musk has been among the most high-profile champions of cryptocurrency, with his pronouncements on social media often driving significant trading activity.
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.