Tesla Holds Bitcoin Position Steady as Digital Asset Loss Reaches $112M Tesla's decision to hold onto its 11,509 Bitcoins despite a $112 million loss in value raises questions about the company's commitment to environmental responsibility and its willingness to take calculated risks.
The electric vehicle maker's quarterly earnings report showed revenue surpassed expectations but adjusted earnings fell short. The company's entry into the cryptocurrency market with a $1.
5 billion purchase in early 2021 has since been marked by a significant decline in value, with Bitcoin losing 14% of its worth since March.