Elon Musk Tesla Sells 75% of Bitcoin into $936 Million Cash, Invested $1.5 Billion in 2021
21st July 2022 | Hong Kong
Elon Musk Tesla had sold 75% of its Bitcoin holdings into $936 million of cash at the end of Q2 2022 at its earnings announcement, having invested $1.5 billion in early 2021. Tesla Presentation on Cash: “Quarter-end cash, cash equivalents and short-term marketable securities increased sequentially by $902M to $18.9B in Q2, driven mainly by free cash flow of $621M, partially offset by debt repayments of $402M. As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency. Conversions in Q2 added $936M of cash to our balance sheet.” Tesla revenue grew to $16.9 billion with operating income of $2.5 billion at the end of Q2 2022.
“ Elon Musk Tesla Sells 75% of Bitcoin into $936 Million Cash, Invested $1.5 Billion in 2021 “
Tesla Earnings
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit