Tesla Records $140M Bitcoin Loss in 2022: Musk’s Crypto Gamble
• Tesla recorded a $204-million gross impairment loss and a $64 million gain from converting BTC into fiat currency in 2022, resulting in a net loss of $140 million. • In the first quarter of 2021, Tesla invested $1.5 billion in Bitcoin and announced that it would start accepting BTC payments from U.S.-based consumers. •…
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