May 14, 2025

Tesla Sells Bitcoin for $64M Profit, Still Posts $170M Impairment Loss

Plunging bitcoin prices have forced Tesla to record a $170 million impairment loss alongside solid second-quarter earnings, which saw a 42% jump in revenue.Tesla spent $1.5 billion to acquire around 43,200 BTC in the first quarter of 2021, per Bitcoin …

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