Tesla, one of the leading automotive and clean energy companies owned by Elon Musk, said in a statement today that it will cost $ 321 million in the first quarter of 2023. bitcoin announced that none of its BTC (BTC) has been sold. The company did not buy or sell any of its Bitcoins as per the Q1 Update.
Although BTC rallied to around $28,500 at the end of the first quarter from $16,500 three months ago. TeslaBitcoin valuation remained stable. This is the third quarter in a row where Tesla made no changes to its Bitcoin holdings.
According to Reuters, Tesla Inc missed market forecasts for first-quarter margin on Wednesday. It has been mitigated by a series of aggressive price cuts to stimulate demand and fend off increased competition in a sagging economy.
Despite this, Tesla expects to deliver around 1.8 million vehicles this year.
Koinfinans.com As we reported, the company reported revenue of $23.33 billion in the first quarter. He also said in his quarterly update that Tesla had a net profit of $2.5 billion. This figure is lower than $3.32 billion a year ago.
Bitcoin (BTC) price has dropped below $30,000 today and is currently at $29,248.71, according to CoinMarketCap.
Elon Musk has recently been using other cryptocurrencies, especially Dogecoin (DOGE). cryptocurrency continued his support of his units and talked about it in recent interviews. Tesla bought $1.5 billion worth of Bitcoin in 2021, and as of February 2023, he had 9,700 Bitcoins.