Coinspeaker
Tesla Earnings Report Show Firm Holding onto Bitcoin in Q3 2023
It has now been five consecutive quarters that electric vehicle maker Tesla Inc (NASDAQ: TSLA) has left its sizable Bitcoin (BTC) holdings untouched. That is despite recently spending greatly towards improving its artificial intelligence (AI) ambitions and projects.
According to Tesla’s Q3 2023 report that was released on Wednesday, the company still has $184 million worth of digital assets in its possession. That is as of September 30.
The third quarterly report shows that Tesla continues to hold on to its BTC holding having last sold about 75% of it in the second quarter of 2022.
Tesla Commits Strongly to AI and R&D
Meanwhile, Tesla continues to invest heavily in its AI ambitions. According to the automaker, so far, it has “more than doubled the size” of its computing power for its AI projects. But there is a germane reason for the money splash, according to the firm.
First, it claims that its train
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