Tesla lost over $500,000,000 on Bitcoin investments

Company Tesla I started investing in cryptocurrencies over a year ago. During this time, she lost over $500. million

What is known

In the winter of 2021, when the price bitcoin was about $ 38,000, Elon Musk's company spent $ 1.5 billion on the purchase of cryptocurrency. After that, the course BTC jumped to $45 000. In another year, the investment portfolio Tesla reached $2 billion

Now the cryptocurrency is valued at about $21,000. In this regard, the assets Tesla fell to $905 million. According to the most optimistic estimates, an American company investing in bitcoin has already lost about $600 million.

It's annoying, but not critical. Tesla. This is due to the fact that the automaker invests only 10% of free cash in cryptocurrency. The share of cryptocurrency in the company's capitalization is only 0.1%. At the same time, Elon Musk does not plan to sell his assets and sees a future in them. But this applies to the personal funds of a billionaire.

Source: electrek