Tesla, one of the leading automotive and clean energy companies owned by Elon Musk, announced today that none of their $312,000,000 Bitcoin (BTC) was sold in Q3 2023. The company did not buy or sell any of its Bitcoin, according to its Q3 update.
JUST IN: Tesla reveals none of their $312,000,000 #Bitcoin was sold in Q3 2023.
— Watcher.Guru (@WatcherGuru) October 18, 2023
It’s another quarter of no sales for Tesla’s Bitcoin pile, which went down $9,000,000 compared to Q2 of this year. Tesla hasn’t bought or sold any Bitcoin since last year’s second quarter. In Q2 2022, it sold more than 30,000 bitcoin, roughly 75% of its holdings, for $936 million. The company initially bought $1.5 billion worth of Bitcoin in early 2021.
Tesla Stock is down 4.78% today after market closing, with a value of $242.68 per share. In addition to Tesla’s Q3 Bitcoin holdings, the company also shared that it had a revenue of $23.35 billion. This is down from the estimated $23.9 billion from projections. Tesla also says that CYBERTRUCK pilot production is already at over 125,000 units ahead of the planned November product launch.
![ezgif-5-3f7e846fc6 Elon Musk's Tesla announced today that none of their $312,000,000 Bitcoin (BTC) was sold in Q3 2023, the fifth quarter in a row.](https://i0.wp.com/watcher.guru/news/wp-content/uploads/2023/01/ezgif-5-3f7e846fc6.jpg)
Tesla reported adjusted earnings of 66 cents per share versus 73 cents expected. In a shareholder presentation, the company also says “Our cost of goods sold per vehicle decreased to ~$37,500 in Q3.”
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