Brutal Crypto Market Could Hurt Tesla's Results.

Discussion • 2021/07/08 • by
paulsmith2018

Bitcoin has had a terrible second quarter, and this could bring bad news for Tesla. The electric vehicle manufacturer invested $1.5 billion into this cryptocurrency earlier this year. If BTC falls below the price it paid per coin, the company will have to register an impairment charge. CNBC analysts fear this could result in a loss of up to $100 million.

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sixtynine69
5 years ago
good info

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