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Tesla Reports USD 101M of Impairment Loss from Bitcoin Investments in 2021

Electric car manufacturer Tesla saw some USD 101m of impairment losses in 2021 as a result of bitcoin (BTC) price changes and therefore in the value of the company’s BTC holdings. This was disclosed in a filing with the...

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Tesla Reports USD 101M of Impairment Loss from Bitcoin Investments in 2021
 
Electric car manufacturer Tesla saw some USD 101m of impairment losses in 2021 as a result of bitcoin (BTC) price changes and therefore in the value of the company’s BTC holdings.
This was disclosed in a filing with the US Securities and Exchange Commission (SEC) for the previous fiscal year, in which the company stated that:...
Read More: Tesla Reports USD 101M of Impairment Loss from Bitcoin Investments in 2021

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This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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