{"id":81948,"date":"2023-07-20T11:20:00","date_gmt":"2023-07-20T08:20:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=81948"},"modified":"2025-09-12T02:06:14","modified_gmt":"2025-09-11T23:06:14","slug":"tesla-keeps-184m-bitcoin-stake-after-q2-results","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/tesla-keeps-184m-bitcoin-stake-after-q2-results\/","title":{"rendered":"Tesla keeps $184m Bitcoin stake after Q2 results"},"content":{"rendered":"

Tesla, for the fourth quarter in a row, left its position in digital gold unchanged. According to the April\u2013June report, investments were valued at $184 million<\/a>.<\/p>\n

The carrying value remained unchanged for the second consecutive quarter.<\/p>\n

Adjusted earnings per share for the second quarter came in at $0.91, beating the consensus estimate of $0.82. Revenue of $24.9 billion also surpassed economists’ expectations of $24.51 billion.<\/p>\n

In after-hours trading, Tesla shares fell 3.7% as investors locked in gains. Since the start of the year, the automaker’s stock has surged about 136.5%.<\/p>\n

\n
\"image-457\"
Daily chart of Tesla shares on Nasdaq. Data: Finviz<\/a>.<\/figcaption><\/figure>\n<\/div>\n

During the analysts’ briefing, the topic of digital assets did not come up.<\/p>\n

For 2022, the negative revaluation of Tesla’s BTC holdings on the balance sheet, 9,720 BTC amounted to $204 million<\/a>.<\/p>\n

According to Bitcoin Treasuries<\/a>, the current loss on the position stands at $44 million (13%).<\/p>\n

Back in February 2021, it emerged that the company invested $1.5 billion in bitcoin<\/a>. Elon Musk described these investments ‘quite risky’<\/a>.<\/p>\n

By the end of the second quarter 2022, Tesla had converted roughly 75% of its own bitcoins into cash, which brought in $936 million<\/a>. The operation’s profit amounted to $64 million, with impairment-adjusted net loss of $140 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tesla, for the fourth quarter in a row, left its position in digital gold unchanged. According to the April\u2013June report, investments were valued at $184 million.<\/p>\n","protected":false},"author":1,"featured_media":81949,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1252,1211,1319],"class_list":["post-81948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-reports","tag-stock-market","tag-tesla"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=81948"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81948\/revisions"}],"predecessor-version":[{"id":81950,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81948\/revisions\/81950"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/81949"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=81948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=81948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=81948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}