Tags : tumbled

Bitcoin

Tesla reports Bitcoin-related ‘impairment’ of $23 million after BTC tumbled

Tesla, a major electric car manufacturer led by Elon Musk, has reported a record operating income of $1.3 billion in the second quarter of 2021—which was “partially offset” by a “Bitcoin-related impairment of $23M.” “Operating income increased [year-over-year] mainly due to volume growth and cost reduction. Positive impacts were partially offset by growth in operating […]Read More