Tesla Records $23M Impairment Loss on BTC, Despite Revenue and Profit both Exceeded Expectations in Q2 Financial Report

American electric vehicle manufacturer Tesla released its second-quarter financial report on Monday. The financial report did not show any purchase or sale of Bitcoin in this quarter.

Tesla Records $23M Impairment Loss on BTC, Despite Revenue and Profit both Exceeded Expectations in Q2 Financial Report

According to financial reports, the amount of Bitcoin that Tesla currently holds estimated an impairment loss of up to $23 million.

Since Bitcoin’s plunge has fallen by nearly half the price from the previous historic high of $64,443 on April 14, 2021, At the time of writing, the price of Bitcoin has dropped from the price of $40,547 to $36,779 and has decreased by 3.79% within 24 hours according to

Source: blockchain.news

Popular news...