JUST

Bitcoin

Elon Musk

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 <p>Tesla, one of the leading automotive and clean energy companies owned by <a rel="noopener noreferrer nofollow" title="Elon Musk" href="https://thebittimes.com/tag/elon-musk.html">Elon Musk</a>, announced today that none of their $312,000,000 Bitcoin (BTC) was sold in Q3 2023. The company did not buy or sell any of its Bitcoin, according to its Q3 update.</p>
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    <p lang="en" dir="ltr">JUST IN: Tesla reveals none of their $312,000,000 #Bitcoin was sold in Q3 2023.</p>— Watcher.Guru (@WatcherGuru) October 18, 2023
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 <p>It’s another quarter of no sales for Tesla’s Bitcoin pile, which went down $9,000,000 compared to Q2 of this year. Tesla hasn’t bought or sold any Bitcoin since last year’s second quarter. In Q2 2022, it sold more than 30,000 <a rel="noopener noreferrer nofollow" title="bitcoin" href="https://thebittimes.com/tag/bitcoin.html">bitcoin</a>, roughly 75% of its holdings, for $936 million. The company initially bought $1.5 billion worth of Bitcoin in early 2021.</p>
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 <p>Tesla Stock is down 4.78% today after market closing, with a value of $242.68 per share. In addition to Tesla’s Q3 Bitcoin holdings, the company also shared that it had a revenue of $23.35 billion. This is down from the estimated $23.9 billion from projections. Tesla also says that CYBERTRUCK pilot production is already at over 125,000 units ahead of the planned November product launch.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="1024" height="512" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="Elon Musk's Tesla announced today that none of their $312,000,000 Bitcoin (BTC) was sold in Q3 2023, the fifth quarter in a row." class="wp-image-68629 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/10/19/a6fe61d8edb8724cf50ad55a0d6b1e78.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/10/19/a6fe61d8edb8724cf50ad55a0d6b1e78.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/10/19/a6fe61d8edb8724cf50ad55a0d6b1e78.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/10/19/a6fe61d8edb8724cf50ad55a0d6b1e78.webp.webp 300w, https://cdn.thebittimes.com/images/2023/10/19/a6fe61d8edb8724cf50ad55a0d6b1e78.webp.webp 768w, https://cdn.thebittimes.com/images/2023/10/19/a6fe61d8edb8724cf50ad55a0d6b1e78.webp.webp 380w, https://cdn.thebittimes.com/images/2023/10/19/a6fe61d8edb8724cf50ad55a0d6b1e78.webp.webp 550w, https://cdn.thebittimes.com/images/2023/10/19/a6fe61d8edb8724cf50ad55a0d6b1e78.webp.webp 800w" data-srcset-img="https://cdn.thebittimes.com/images/2023/10/19/a6fe61d8edb8724cf50ad55a0d6b1e78.webp 1024w, https://cdn.thebittimes.com/images/2023/10/19/a6fe61d8edb8724cf50ad55a0d6b1e78.webp 300w, https://cdn.thebittimes.com/images/2023/10/19/a6fe61d8edb8724cf50ad55a0d6b1e78.webp 768w, https://cdn.thebittimes.com/images/2023/10/19/a6fe61d8edb8724cf50ad55a0d6b1e78.webp 380w, https://cdn.thebittimes.com/images/2023/10/19/a6fe61d8edb8724cf50ad55a0d6b1e78.webp 550w, https://cdn.thebittimes.com/images/2023/10/19/a6fe61d8edb8724cf50ad55a0d6b1e78.webp 800w" data-eio="j">
  <noscript><img decoding="async" width="1024" height="512" src="https://cdn.thebittimes.com/images/2023/10/19/a6fe61d8edb8724cf50ad55a0d6b1e78.webp" alt="Elon Musk's Tesla announced today that none of their $312,000,000 Bitcoin (BTC) was sold in Q3 2023, the fifth quarter in a row." class="wp-image-68629" srcset="https://cdn.thebittimes.com/images/2023/10/19/a6fe61d8edb8724cf50ad55a0d6b1e78.webp 1024w, https://cdn.thebittimes.com/images/2023/10/19/a6fe61d8edb8724cf50ad55a0d6b1e78.webp 300w, https://cdn.thebittimes.com/images/2023/10/19/a6fe61d8edb8724cf50ad55a0d6b1e78.webp 768w, https://cdn.thebittimes.com/images/2023/10/19/a6fe61d8edb8724cf50ad55a0d6b1e78.webp 380w, https://cdn.thebittimes.com/images/2023/10/19/a6fe61d8edb8724cf50ad55a0d6b1e78.webp 550w, https://cdn.thebittimes.com/images/2023/10/19/a6fe61d8edb8724cf50ad55a0d6b1e78.webp 800w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Elon Musk’s Tesla announced today that none of their $312,000,000 Bitcoin (BTC) was sold in Q3 2023, the fifth quarter in a row. Photo courtesy of Electrek
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 <p>Tesla reported adjusted earnings of 66 cents per share versus 73 cents expected. In a shareholder presentation, the company also says “Our cost of goods sold per vehicle decreased to ~$37,500 in Q3.”</p>
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<div class="cs-entry__tags">
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  <li>bitcoin</li>
  <li>Elon Musk</li>
  <li>tesla</li>
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</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/tesla-sold-none-of-their-312-000-000-bitcoin-in-q3-2023-tbt66902.html">https://thebittimes.com/tesla-sold-none-of-their-312-000-000-bitcoin-in-q3-2023-tbt66902.html</a></p>

Tesla Sold None of Their $312,000,000 Bitcoin in Q3 2023

TheBitTimes

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