Tags : Tesla

Bitcoin

Tesla reports Bitcoin-related ‘impairment’ of $23 million after BTC tumbled

Tesla, a major electric car manufacturer led by Elon Musk, has reported a record operating income of $1.3 billion in the second quarter of 2021—which was “partially offset” by a “Bitcoin-related impairment of $23M.” “Operating income increased [year-over-year] mainly due to volume growth and cost reduction. Positive impacts were partially offset by growth in operating […]Read More

Bitcoin

Elon Musk says Tesla will resume Bitcoin acceptance if majority

Elon Musk, the CEO of electric carmaker Tesla, said today the company will reaccept Bitcoin payments for its cars provided the majority of miners use renewable sources to run their farms. “When there’s confirmation of reasonable (~50%) clean energy usage by miners with a positive future trend, Tesla will resume allowing Bitcoin transactions,” said Musk […]Read More

Bitcoin

Mark Cuban reaffirms Bitcoin plans after Tesla snub sparks concerns

Billionaire ‘Shark Tank’ star Mark Cuban said today that Dallas Mavericks, the Cuban-owned NBA basketball team, will continue to accept Bitcoin regardless of the concerns around the asset’s alleged energy usage, as per a tweet this morning. Bitcoin saves the environment  Unlike what the popular consensus seems to be, Cuban said that using cryptocurrencies help […]Read More

Bitcoin

Tesla sells $272 million of Bitcoin, but Elon Musk is

American electric vehicle and clean energy company Tesla has sold nearly $275 million worth of Bitcoin months after a landmark $1.5 billion investment, it revealed in a filing yesterday. The sale meant Tesla cut its position by 10%, adding over $101 million to its revenues in total. Tesla has made more profit by selling bitcoin […]Read More

Bitcoin

How Buying A Tesla With Bitcoin Is A Catch-22

This week the crypto market went nuts when Elon Musk revealed his company began accepting Bitcoin as a form of payment for any Tesla model. While this caused prices to initially soar, reading the fine print reveals a bit of a catch-22 situation for anyone who uses the cryptocurrency to pay. Here’s what you need […]Read More

Bitcoin

Bitcoin Plunges Despite Tesla Boost Ahead of Record Options Lapse

An earlier morning boost in the Bitcoin market Wednesday, led by Tesla’s announcement that it would accept the cryptocurrency as payment for its electric vehicles, turned jittery ahead of the US session close, leading to a decline of more than $5,500 and ending the day 3.81 percent lower. Powell Strikes Again The flagship cryptocurrency’s seesaw […]Read More

Bitcoin

Elon Musk says ‘You can now buy a Tesla with

You can now buy a Tesla with Bitcoin. You read that right and it’s not a rumor. It’s coming straight from the CEO of Tesla, Elon Musk, himself. In a tweet a few hours ago, the Tesla CEO said potential car owners can buy the world-famous electric vehicles using Bitcoin, the world’s largest digital currency. […]Read More

Bitcoin

SkyBridge Capital CEO says Elon Musk owns over $5 billion

Electric car giant Tesla’s $1.5 billion investment in Bitcoin is less than one-third of the total crypto reserves held by Elon Musk and his companies, Anthony Scaramucci, CEO of investment firm SkyBridge Capital, asserted today. “Elon Musk didn’t stop with Tesla. I understand that SpaceX owns Bitcoin on its balance sheet,” Scaramucci tweeted, adding: “Elon […]Read More