March 22, 2023

Tesla Didn’t Buy or Sell Bitcoin in the Fourth Quarter

Electric car maker Tesla (TSLA) neither bought nor sold bitcoin in the fourth quarter for the second consecutive quarter, the company said in its latest earnings report on Wednesday. The company reported $34 million in impairment charges on its bitcoin holdings.

The value of its digital assets at the end of the quarter was $184 million, down from $218 million at the end of the third quarter due to impairment charges from a drop in the price of Bitcoin. At the end of the third quarter, the price of bitcoin was…

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