Elon Musk-Led Tesla's Bitcoin Reserves Steady At $184M, Didn't Buy Or Sell BTC In Q4
Portfolio Pulse from Mehab Qureshi
Tesla Inc (NASDAQ:TSLA) maintained its Bitcoin reserves in Q4 2023, with no purchases or sales, holding steady at $184 million. Tesla ranks fourth among public companies in Bitcoin holdings. Despite a revenue increase, Tesla missed Q4 revenue and EPS estimates, with shares down 3% in after-hours trading. Bitcoin was trading at $40,060, up 0.52%.
January 25, 2024 | 3:43 am
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Tesla's Q4 2023 earnings report shows steady Bitcoin reserves at $184M, no cryptocurrency trading activity, and a slight miss on revenue and EPS estimates.
Tesla's unchanged Bitcoin position indicates stability in its investment strategy, but the miss on revenue and EPS estimates could negatively impact investor sentiment in the short term, as reflected by the after-hours stock price decline.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100