Bitcoin

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According to the latest financial reports, electric vehicle giant Tesla <a href="https://digitalassets.tesla.com/tesla-contents/image/upload/IR/TSLA-Q4-2023-Update.pdf">recorded</a> a total revenue of $25.2 billion, coupled with an operating profit of $2.1 billion.&nbsp;
Notably, Tesla has neither purchased nor sold any Bitcoin during the quarter. Maintaining its position for the sixth consecutive quarter, Tesla's Bitcoin holdings are currently at 9,720 BTC.
<h2 id="tesla-s-initial-foray-into-bitcoin">Tesla's initial foray into Bitcoin</h2>
Tesla's journey with Bitcoin began in February 2021 when the company, under the direction of CEO Elon Musk, <a href="https://u.today/heres-how-much-bitcoin-tesla-holds-0">invested</a> a substantial $1.5 billion in the cryptocurrency, sending its value skyrocketing.&nbsp;
Following this bold move, Tesla even liquidated a portion of its Bitcoin to test the market's liquidity, with the remaining holdings valued at approximately $1.99 billion by the end of the same year.
Tesla made a pivotal decision in July 2022 to sell 75% of its Bitcoin holdings, which bolstered its cash reserves by an additional $936 million.&nbsp;
<h2 id="tesla-s-quarterly-performance">Tesla's quarterly performance&nbsp;</h2>
Despite Tesla's unshaken Bitcoin reserves, the company's quarterly performance has garnered mixed reactions. The fourth quarter saw a modest 1% year-over-year increase in automotive revenue, while earnings per share and total revenue fell slightly short of market expectations.&nbsp;
The company faced a dip in stock value during after-hours trading.&nbsp;
Tesla's balance sheet reveals a comprehensive asset portfolio, including cash, receivables, and solar energy systems, pointing to a diversified strategy beyond automotive sales.
Tesla's quarter was marked by varied performance across its divisions. Automotive revenues saw minimal growth, but the energy generation and storage segment reported a 10% revenue increase.&nbsp;
Services and other revenue jumped by 27%, underscoring the company's expanding market reach. However, the total gross profit saw a decrease of 23%, and the operating income dropped by a notable 47%, reflecting the competitive and challenging economic environment.

Here's How Much Bitcoin Tesla Holds

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