Tesla dumped 75% of its bitcoin at one of the worst times, losing out on billions
Publishing timestamp: 2025-07-24 16:56:49
Summary
Tesla sold three-quarters of its bitcoin holdings in 2022 as the market was tanking, missing out on billions in potential gains. The company's digital assets are now valued at $1.24 billion, up from $722 million a year ago. Tesla's stock plunged 8% after missing on top and bottom lines in its earnings report. CEO Elon Musk's focus is on robotaxis and humanoid robots, not crypto investments. Tesla's digital assets bolstered profitability, with gains from bitcoin amounting to $284 million in the second quarter. If Tesla had held onto all its bitcoin, it would be worth roughly $5 billion now.
Sentiment: MIXED
Keywords: cryptocurrency, donald trump, business news, technology, autos, business, donald j. trump, breaking news: technology, tesla inc, social media, bitcoin/usd coin metrics, elon musk,
Source: https://www.cnbc.com/2025/07/24/tesla-bitcoin-crypto-sale.html