Tesla’s Q2 2023 Update reveals that the American electric car and clean energy company refrained from selling any of its bitcoin (BTC) or cryptocurrency holdings in the previous quarter. For the past three quarters, Tesla has maintained a digital asset portfolio worth approximately $184 million.
Tesla Holds Steady on Bitcoin in Q2 2023, Maintains $184M in Digital Assets
Following the market close on Wednesday, July 19, 2023, electric car manufacturer Tesla reported its financial results for the second quarter. In this quarter, Tesla manufactured 480,000 vehicles and delivered 466,000. “Q2-2023 was a record quarter on many levels with our best-ever production and deliveries and revenue approaching $25B in a single quarter,” detailed Tesla’s Q2 2023 update.
Besides a better second quarter despite the current “macroeconomic environment,” Tesla’s Q2 financial report indicates that it hasn’t sold any bitcoin. The electric vehicle company, helmed by Elon Musk, originally held
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