Tesla disclosed in a document submitted to the US SEC that its bitcoin investment had a net loss of $140 million. Tesla CEO Elon Musk (Elon Musk) announced in January 2021, when cryptocurrencies were extremely popular, that he would invest US$1.5 billion in Bitcoin. At that time, the price of Bitcoin was between US$30,000 and US$40,000. Today, the value of Bitcoin is at 20,000. At the end of last year, it was below US$20,000. Tesla announced the sale of three-quarters of its bitcoin holdings in the second quarter of 2022, and it still has about 11,000 bitcoins in its hands.
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