Tesla, (owned by Elon Musk) lost$140 Million from its investment in Bitcoin

Tesla suffered a loss of $140 million in 2022 due to its investment in Bitcoin, as per company filings. Despite losing $204 million in total on Bitcoin, Tesla was able to recover $64 million through trading. In early 2021, the electric carmaker invested $1.5 billion in Bitcoin and announced that it would accept the cryptocurrency …

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