In Q1, Tesla’s adjusted earnings reached 900 million USD, significantly outpacing its net income of 400 million USD. Despite a hidden loss of 97 million USD from Bitcoin, Tesla maintains a substantial holding of 11,509 BTC, valued at over 1 billion USD.
Despite missing revenue expectations with figures at 19.34 billion USD against a forecast of 21.37 billion USD, Tesla’s shares rose by 6.5%. The SEC may investigate Tesla’s accounting practices involving cryptocurrencies, following concerns raised about similar strategies in the past.
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