Tesla lost $ 101 million from investing in bitcoin



According to Tesla’s financial statements last year, the complex lost about $ 101 million in bitcoin investment in 2021. In addition, the company, led by Ilan Musk, earned $ 128 million from the sale of some of its bitcoins last year.

According to Kevin Desk, a new financial statement from Tesla Automotive, published on the official website of the US Securities and Exchange Commission, shows that buying bitcoins has had a negative effect on the company’s revenue.

The text of the Tesla report reads:

In the year ending December 31, 2021 (December 10), we suffered a loss of about $ 101 million due to the change in the price of bitcoin and, of course, earned $ 128 million from the sale of some of our bitcoins.

Tesla, led by Ilan Musk, bought $ 1.5 billion worth of bitcoins in the first quarter of 2021.

Tesla’s publication loses $ 101 million in bitcoin investment appeared for the first time in Digital Currency.

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