Falling Bitcoin Price Will Affect Tesla's Revenue in Q2

06月
25
2021-6-25 10:18
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According to the Financial Associated Press, if the value of Bitcoin drops to $ 29,500 by the end of June, Tesla's portable bitcoin would cost the company around $ 90 million in its second quarter report. After Tesla bought $ 1.5 billion worth of Bitcoin earlier this year, its bottom line was tied to Bitcoin rewards. When Bitcoin fell below its book value, the company caused its current quarterly report to drop.

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