Tesla’s diamond hands: EV maker’s Bitcoin holdings see no change in Q2

For the 4th quarter in a row, Tesla hasnt offered or contributed to its digital property holdings with the electric automobile maker continuing to hold $184 million worth of its staying Bitcoin (BTC). In Q2 2023 incomes launched on July 19 the net worth of Teslas Bitcoin holdings stood at $184 million which has held at the very same value for the past two quarters.Tesla hasnt bought or sold any Bitcoin considering that Q2 last year when it offered more than 30,000 Bitcoin– which represented approximately 75% of its total holdings– for $936 million. Teslas Bitcoin holdings totaled $184 million at the end of Q2. Source: TeslaTesla initially bought $1.5 billion worth of Bitcoin in March 2021 with the companys CEO Elon Musk guaranteeing to accept Bitcoin as payment for Tesla vehicles in the following days. Musk later halted Bitcoin payments for Tesla cars, nevertheless, and cited environmental concerns produced by Bitcoins high energy use as the factor for the backtrack. Tesla has actually been outperforming analyst expectations this year, with the business reporting adjusted incomes per share of $0.91, beating expert forecasts by $0.09. Profits also exceeded on the advantage, with Teslas $24.9 billion in Q2 income beating expectations by 0.81%. Related: Elon Musk kickstarts new AI business to comprehend the universeDespite whipping expectations, the market apparently failed to sign up much in the way of a favorable reaction. Teslas stock cost dropped 4.19% to $279.07 in after-hours trading according to data from Google Finance. Tesla stock cost dropped 4.19% in after-hours trading. Source: Google FinanceBitcoin is down nearly 5% for the week and is currently changing hands for $29,914, according to Cointelegraph data.Some traders anticipate Bitcoin to revisit a price of approximately $27,500 in the coming days after stopping working to hold strong above the $30,000 resistance mark.Magazine: Tokenizing music royalties as NFTs could assist the next Taylor Swift