Tesla threw 75 % of bitcoin at one of the worst times

Timing He missed the upper and lower lines in The second quarterBut another beauty queen was buried in The investor surface.

The value of the company’s digital assets is currently $ 1.24 billion.

This increases significantly from $ 722 million a year ago. But anyone who follows the encryption market knows that the number represents a lost opportunity of billions of dollars in lost gains Electric car maker.

Bitcoin It is circulated near the record and rose 80 % during the past year. Timing Selling 75 % Of its property in mid -2022, when the digital currency was trading in a small part of its current price.

While the CEO Elon Musk He explained that the future of its electric car company revolves around robotics and human robots – not about encryption investments – business in its current form is struggling and can be used as a cash boost.

Tesla reported a second consecutive decrease in auto revenue in its profit report late on Wednesday, and issued the estimates of Wall Street. The stock decreased by 8 % on Thursday, and now decreased by about 25 % for this year, to a large extent the largest decrease between MegacAps technology.

Android robots and robots are huge and expensive stakes for musk in highly competitive markets and constantly changing dynamics. Tesla also confessed to that President Donald Trump Customs tariffs and finishing federal tax credits EV can hurt the company’s basic work in the coming quarters.

Digital assets in Tesla, at the same time, enhance profitability. The gains from Bitcoin in the second quarter amounted to $ 284 million in a period of total net income of $ 1.17 billion.

The gains can be much greater.

In early 2021, Tesla Invest 1.5 billion dollars In bitcoin, banking on what EV is The name “Long -term potential” for digital currency and adding “more flexibility to increase the diversification of returns to our money and increase.

Musk became loudly supportive at Bitcoin Online, and in January of that year, the currency 20 % rose On one day, the CEO of Tesla #bitcoin added to his CV to Twitter, now x.

By mid -2012, the world was in a completely different place. The Covid era boom disappeared, replaced by inflation and high interest rates, an equation that prompted investors to get out of the risky assets.

In the second quarter of that year, Tesla said that she sold three -quarters of Bitcoin’s holdings, adding money to its public budget at a time when stock and encryption markets were simultaneously. Timing lost About two -thirds of the maximum market in 2022, Bitcoin decreased by 60 %.

However, Bitcoin has been sharp Reducing regulations He promised her to create a strategic bitcoin reserve.

Bitcoin is currently trading more than 119,000 dollars, an increase of about six times from the end of the second quarter of 2022, the period when Tesla rose to its great exit.

If Tesla sticks to all Bitcoin, this hidden would be approximately $ 5 billion, based on estimates of the amount of Tesla that I bought in 2021, instead of $ 1.24 billion. Its value is currently worth $ 936 million from Bitcoin, which the company turns into cash with more than $ 3.5 billion.

Tesla did not respond to a request for comment.

As for Musk, anything about Bitcoin said on its social network X in the past three years. In March 2022, shortly before Tesla began to throw bitcoin, it is books Regarding encrypted currencies, “I still have you and I will not sell Bitcoin, Ethereum or FWIW.”

– Lora Kolodny from CNBC contributed to this report.