Tesla likely bought its $1.5 billion in bitcoin at about $34,700 a piece. Elon didn't say anything about it

For those of you who wipe Elon Musk floor. Tesla has been caught up in the bloodbath it helped create. According to a recent article in Fortune,

Tesla likely bought its $1.5 billion in bitcoin at about $34,700 a piece. In the company's Q1, Tesla's bitcoin stash was the best performing part of the carmaker's business.

Now, unless there is a recovery in the price of bitcoin between now and July 1, Tesla shareholders should brace themselves for an impairment in the company's Q2 earnings report.



Submitted May 25, 2021 at 06:16PM by 4get-me https://ift.tt/3oMzvyY

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