Tesla Did Not Purchase or Promote Any Bitcoin within the Fourth Quarter

Electrical automotive maker Tesla (TSLA) didn’t purchase or promote any bitcoin within the fourth quarter for the second straight quarter, the corporate reported Wednesday in its newest earnings report.

The worth of its digital property was $184 million, down from $218 million on the finish of the third quarter as a consequence of impairment prices from a decline in bitcoin’s worth. On the finish of the third quarter, the value of bitcoin was slightly below $20,000, whereas on the finish of the fourth quarter it was round $16,500.

Tesla additionally made no adjustments to its bitcoin holdings within the third quarter, however within the second quarter, the corporate shocked some traders by promoting $936 million price of bitcoin, or roughly 75% of its whole holdings, in an effort to elevate money.

An organization name with analysts is scheduled for five:30 p.m. ET (21:30 UTC).