Tesla’s Bitcoin investment means the electric car maker will lose $101 million in 2021
In a filing with the US Securities and Exchange Commission, the US electric car manufacturer Tesla has reported a loss of around 101 million US dollars from its Bitcoin investments for 2021.
Overall, the ups and downs of the Bitcoin price had an unfavorable effect on the value of the Tesla investment. In the first quarter of 2021, the carmaker had invested a total of $1.5 billion in Bitcoin, causing a stir. Bitcoin investment not unreservedly positive for Tesla As can be seen from the SEC filing, Tesla was initially able to make profits of 128 million …
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