Tesla suffered a net loss of $140 million in Bitcoin investments last year. In the company’s filing to the SEC, it was seen that it made a profit of $ 64 million, in addition to a loss of $ 204 million, and the net loss was announced as $ 140 million.
The following statements were used in the official statement from Tesla on the subject:
“As of December 31, 2022, we incurred a loss of $ 204 million due to the change in the value of our Bitcoin investments. Thanks to various conversions, we made a profit of 64 million dollars”
43 million dollars lost in the last 4 months
Tesla’s annual closing statement to the SEC came about a week after the company announced its Q4 2022 report. In its Q4 report, Tesla declared that it did not sell (or buy) Bitcoin. It is seen that the total value of more than 9 thousand Bitcoins in the hands of the company has melted by approximately 43 million dollars in the last 4 months of 2022.
It shook the market in 2021
As it will be remembered, Tesla had a great shock effect in the markets by buying $ 1.5 billion Bitcoin in February of 2021, just at the beginning of the bull season. After the announcement, Bitcoin made a big move up from $ 45 thousand and reached $ 64 thousand in April.
Tesla CEO Elon Musk later announced in May (2021) that his company gave up on selling vehicles with Bitcoin, and a major decline in price began.
On the other hand, it has been reported that Tesla wants to increase the number of weekly production at its factory in Shanghai, China to 20 thousand vehicles, and that the company has experienced a serious increase in demand after the last car price reductions.
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