[CNMO News] As we all know, Tesla has an extraordinary relationship with Bitcoin. Tesla CEO Musk is a supporter and investor of Bitcoin and has promoted Bitcoin on social platforms. However, according to Tesla's second-quarter financial report data released last week, Tesla has sold most of its holdings, with a total of about 75%. On July 25, Tesla issued an announcement stating that the company recorded a total of US$170 million (equivalent to approximately RMB 1.15 billion) in the first half of 2022, and the company made a profit of US$64 million by converting part of Bitcoin into fiat currency.
It is understood that under the promotion of Musk, Tesla announced in March 2021 that it would support the purchase of Tesla electric cars with Bitcoin, although it later suspended the acceptance of Bitcoin to purchase cars due to some debates. However, Tesla spent $1.5 billion to purchase a large amount of cryptocurrency in 2021. It is reported that these cryptocurrencies mainly include Bitcoin, Dogecoin , etc., of which Bitcoin investment is as high as US$1.5 billion, with an amazing scale.
Tesla Auto
It is worth mentioning that in the second quarter of this year, Tesla achieved revenue of US$16.934 billion (equivalent to approximately RMB 114.238 billion), a year-on-year increase of from in the second quarter of last year, higher than analysts' expectations of US$16.88 billion; earnings per share was US$2.27, a year-on-year increase of 57%, higher than analysts' expectations of US$1.83. In addition, Tesla delivered a total of 254,695 cars in the second quarter, a year-on-year increase of 27%.
