What Price Does Bitcoin Need To Hit For Tesla To Break Even On Initial $1.5B Investment? (CORRECTED)
Portfolio Pulse from Mehab Qureshi
Tesla Inc. (NASDAQ:TSLA) holds 9,720 BTC after selling some of its initial 43,200 BTC purchased at $34,722.22 each. To break even on its $1.5 billion investment, Bitcoin would need to reach approximately $154,320.99. Tesla ranks fourth among companies with the largest Bitcoin portfolios. In Q4, Tesla reported $25.17 billion in revenue, a 3% YOY increase but below expectations, and an EPS of 71 cents, missing estimates by 3 cents. Tesla shares are down 3% after-hours to $201.95.
January 25, 2024 | 10:50 am
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Tesla's Q4 earnings report showed a revenue increase but missed EPS estimates, and shares dropped 3% after-hours. The company's Bitcoin investment requires a significant price increase to break even.
The after-hours stock price decline indicates a negative short-term impact due to the earnings miss. The Bitcoin break-even analysis is less likely to have an immediate impact but adds context to Tesla's investment strategy.
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