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- 🚨 Gate Alpha Ambassador Recruitment is Now Open!
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- 🔥 Gate Square #Gate Alpha Third Points Carnival# Trading Sharing Event - 5 Days Left!
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- 📢 Gate has released its latest Proof of Reserves report!
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Committed to transparency and user fund security.
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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
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Elon Musk's Tesla Publishes Earnings Report: What's the Current Situation with Bitcoin Holdings? - Coin Bulletin
Electric vehicle giant Tesla has shared its Q2 2024 financial reports. According to the Q2 report, the company did not sell any of its Bitcoins (BTC) or make any new purchases.
Tesla, the company whose CEO is billionaire investor Elon Musk, shared its financial reports for the 2nd quarter of 2024 on July 23. According to the 2nd quarter report, the company announced that it did not sell any of its Bitcoins or make any new purchases.
In the report, no gain or loss was reported on Bitcoin assets. After Tesla's statements, the Bitcoin price fell by about 200 dollars and fell to the level of 65,000 dollars, but the decline was not permanent or deep.
Increasing Revenue, Decreasing Profit
According to the report, the company generated a revenue of $25.5 billion and reported a net income of $1.48 billion in this quarter. While the company's revenues saw a 2% increase compared to last year, there was a 45% decrease in net income.
Crypto supporter Elon Musk, CEO of Tesla, who stated that he will vote for Donald Trump, took a critical step for both the company's shares and the political factor in the USA.