Tesla Holds Its Bitcoins and Announces Record Results –

Tesla, which just announced record-breaking results for 2022, did not buy or sell bitcoin in Q4. At the end of December, the value of his BTC holdings reached $184 million.

The automaker has just published financial results for the fourth quarter of 2022. As in the previous quarter, Tesla did not sell or buy bitcoin, according to the document.

Elon Musk’s company owned $184 million worth of digital coins at the end of the last fiscal year, compared to $218 million in the third quarter of 2022 due to the fall in the price of bitcoin.

In the second quarter of 2022, a US firm set aside three-quarters of its bitcoin to have cash amid the uncertainty surrounding the resurgence of Covid in China. By selling her BTC, she received a capital gain of $64 million. Since then, the manufacturer has not carried out any new operations.

Overall, Tesla made a profit of $12.5 billion last year, up from $5.5 billion in 2021. Record results despite economic downturn and supply constraints.

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