In a recent investor report, Tesla surprised absolutely no one by revealing that its Bitcoin holdings remained as unmoved as a statue on a hot summer day. The numbers didn’t budge an inch, staying put at a cool $184 million, which, let’s be honest, is more money than most of us can even fathom.
HODLing for Dear Life
It appears that Tesla has mastered the art of HODLing, as their stash of digital assets has been stuck at $184 million since what feels like the Jurassic era. Okay, it was actually since the end of March 2023, but who’s counting? Rumor has it that the crypto markets were in a state of shock and awe when they heard the news. Gasp! They didn’t sell any this time? Mind-blowing!
Remember the Good Old Days?
Ah, the good old days of 2022, when Tesla was more adventurous with its Bitcoins. They went on a wild ride, selling off a portion of their precious digital gold for a jaw-dropping $936 million! We can only imagine the celebration at the Tesla headquarters when that happened. But alas, since then, the status quo has reigned supreme.
Read more: Elon Musk’s AI Showdown: xAI Takes on ChatGPT, Boosts AI-Related Crypto Tokens
Investors Ask the Burning Question: Will Tesla Accept Bitcoin Again?
Investors are like curious cats, and they just can’t resist asking about Tesla’s crypto plans. Will they or won’t they accept Bitcoin for purchases again? The suspense is killing us! Apparently, some bold investors decided to put Tesla’s Q&A submission form to good use and shot that very question at them. Will they break their silence and provide an answer? Only time will tell.
Read more: Elon Musk’s Dismissal Request for the $258B Dogecoin Lawsuit
Tesla Rakes in the Big Bucks, but Stocks Take a Nosedive
While Tesla may be hoarding their Bitcoins like pirate treasure, they are raking in some serious dough elsewhere. Q2 brought in a jaw-dropping $25 billion in revenue! That’s enough money to buy all the electric cars in the world—twice! But even with such impressive numbers, their stocks took a hit, and not the fun kind you do at parties. The prices fell, causing a few frowns among the investors.
Blame it on the Lack of Details and Some Senator
So, why the sad faces on Wall Street? Some say it’s because Elon Musk and his merry band of executives didn’t spill the beans about upcoming vehicle specifications and release dates. We need those details, people! But hey, there’s also Senator Elizabeth Warren, who decided to stir the pot a bit. She asked U.S. regulators to dig into possible conflicts of interest between Tesla and Twitter. Oh boy, can’t a billionaire have a little fun without someone poking around? Just kidding.
Tesla’s report may have been as stable as their Bitcoin holdings, but it sure didn’t lack drama and speculation. In the end, though, we’re all just excited to see what this electric car wizard has in store for us next. Until then, we’ll be eagerly watching the crypto markets, waiting for the next surprise twist in this electrifying tale. Stay tuned!
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