Tesla nonetheless holds Bitcoin bought: Stability sheet reveals $ 1.26 billion in digital belongings
Elon Musk acquires electrical automotive firm Tesla (NASDAQ :). The corporate’s steadiness sheet reveals 1.261 billion digital belongings. Tesla has not purchased or bought any crypto belongings because the first quarter of final 12 months.
Tesla, which continues to carry Bitcoin, launched its earnings outcomes for the primary quarter of 2022 on Wednesday. Elon Musk’s electrical automotive firm reported one other document quarter of gross sales and income that surpassed the Wall Road score regardless of inflationary pressures.
The corporate’s income rose 81% to $ 18.76 billion from $ 10.39 billion a 12 months earlier. Its revenue rose 658% to $ 3.32 billion within the first quarter of this 12 months from $ 438 million a 12 months earlier. “I’ve by no means been extra optimistic and excited in regards to the future than I’m now,” Musk mentioned throughout his income name on Wednesday.
Amongst document earnings, Tesla’s internet digital belongings present $ 1.261 billion.
Tesla’s Q1 2022 price range. Supply: Tesla Tesla’s liquidity report reveals that the corporate’s solely digital belongings had been acquired when it purchased BTC value $ 1.5 billion within the first quarter of final 12 months. The one sale of digital belongings occurred in the identical quarter.
Tesla’s money movement report for the primary quarter of 2022. Supply: Tesla In January, Tesla started accepting cash for sure merchandise. Nevertheless, the corporate has not but returned the bitcoins as a fee possibility.
Musk mentioned he sees bitcoin as a part of worth, whereas being very handy for transactions. He beforehand revealed that he personally owns Bitcoin (BTC), Ether (ETH) and Dogecoin (DOGE) and won’t promote them.
The Tesla chairman lately supplied to purchase Twitter Inc. With the purpose of constructing “important enhancements” to the platform. The provide got here after the acquisition of a 9.2% stake within the social media firm. Musk reportedly acquired $ 46.5 billion to purchase Twitter.
Supply from right here
See the unique article
