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Thiago Prudencio | LightRockket | Gets the image
Tesla missed at the top and lower lines in the second quarterbut another promo Investor deck.
The company’s digital assets are currently estimated at $ 1.24 billion.
This is significantly compared to $ 722 million a year ago. But everyone who watches an electric vehicle Manufacturer.
Bitcoin Traded near the record and increased by 80%over the last year. Tesla Sold 75% From its possessions in mid -2012, when the digital currency traded part of its current price.
While the CEO Elon Musk He made it clear that the future of his company electric cars is a roboticis and humanoid robots – not about the cry of investment – the business in modern form is fought and can use a cash incentive.
Tesla reported the second drop in automotive income in the income report at the end of Wednesday and did not match Wall Rate. On Thursday, the rally plunged by 8% and now decreased by about 25% a year, which is certainly the biggest drop among Megacaps Tech.
Robotaxis and Optimus Robots are huge and expensive rates on musk in markets with fierce competition and constantly changing dynamics. Tesla also acknowledged this President Donald Trump Tariffs and validity of federal tax credits EV may harm the company’s main company in the nearby quarters.
Tesla digital assets, meanwhile, enhance profitability. Bitcoin’s profits in the second quarter amounted to $ 284 million for the period when the total net income was $ 1.17 billion.
The profits could be much higher.
At the beginning of 2021 Tesla has invested 1.5 billion dollars In Bitcoin, Banking on what the company is EV called “Long -term potential” digital currency and adding “greater flexibility for further diversification and maximum profitability of our cash.”
Musk became a loud supporter of Bitcoin Online, and in January of the same year currency took off on 20% A day after Tesla CEO added #bitcoin to his Twitter biography, now X.
By mid -2012, the world was in a much other place. The Covid Boom has disappeared, replaced by inflation and increasing interest rates, an equation that pushed investors from risky assets.
In the second quarter of this year, Tesla stated that he sold three quarters of his bitcoin possessions, adding cash to his balance at a time when the capital markets and the crystand were simultaneously dropped. Tesla missing About two -thirds of its market capitalization in 2022, and Bitcoin decreased by 60%.
However, since then Bitcoin has bounced sharply, receiving an additional incentive this year from the Trump administration’s efforts Specify the rules And his promise to create the strategic reserve of bitcoin.
Currently, Bitcoin trades over $ 119,000, which is approximately six times from the end of the second quarter of 2022, a period when Tesla took its big step.
If Tesla held on to all its bitcoin, this Stash would cost approximately $ 5 billion, based on the estimates of how much Tesla bought in 2021 rather than $ 1.24 billion. Bitcoin for $ 936 million, which the company has transformed into cash, is currently estimated at more than $ 3.5 billion.
Tesla did not respond to a comment request.
As for Musk, he is unlikely to say anything about Bitcoin in his social network X over the last three years. In March 2022, shortly before Tesla began to dump bitcoin, he wrote As for cryptocurrencies, “I still own and will not sell my bitcoin, ethereum or doge fwiw.”
– Laura Kruni in CNBC contributed to this report.
