Tesla lost 140 million dollars on Bitcoin last year

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BANG Showbiz English

Tesla lost $140 million on Bitcoin in 2022. The electric supercar company made a huge net loss with the virtual currency last year, according to filings with the US regulator, that showed they recorded losses of $204 but made $64 back in trading. The firm invested $1.5 billion in the beginning of 2021 in Bitcoin amid the CEO Elon Musk, 51, announcing they would accept it as payment. However, it swiftly dumped most of its stock of the cryptocurrency in July 2022 and currently owns roughly $184 million worth of Bitcoin. Recently, Elon – who purchased the social media giant Twitter in late Octobe…

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