How Much Does Bitcoin Need To Hit For Tesla To Break Even On Initial $1.5B Investment?
Elon Musk’s Electric vehicle powerhouse Tesla Inc’s (NASDAQ:TSLA) Bitcoin (CRYPTO: BTC) stash stands at 9,720 units after making sizable sales in early 2021 and mid-2022. What Happened: Tesla’s financial leap into Bitcoin began with a $1.5 billion investment, which saw the company scoop up 43,200 BTC at $34,722.22 each. In March 2021, the company trimmed its holdings by 4,320 BTC. A significant sell-off occurred over a year later when Tesla let go of 29,160 BTC. Recent numbers crunched from Tesla’s fourth quarterly earnings indicate no fresh crypto transactions. The current trading price of Bi…