No description of Bitcoin transactions
Tesla, led by Elon Musk, announced its financial results for the fourth quarter of 2023 (October-December) on the 24th.There is no mention of any activity related to the crypto asset (virtual currency) Bitcoin (BTC), suggesting that there was no buying or selling during the same period.
According to Bitcoin Treasuries, Tesla currently has 9,720 BTC in its financial assets.At the time of writing, the market value is equivalent to approximately 57 billion yen.This holding amount ranks third after MicroStrategy’s 189,150 BTC and Marathon Digital Holdings’ 13,726 BTC.
Tesla last sold Bitcoin in the second quarter of 2022 (April-June).At the time, it sold 138 billion yen ($936 million) worth of Bitcoin.It looks like they have already sold 75% of their holdings.
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Stock prices fell sharply
In the fourth quarter of 2023, Tesla generated total sales of approximately 3.7 trillion yen ($25.2 billion), which was a 3% increase compared to the same period last year.
However, it fell short of market expectations of approximately 3.8 trillion yen ($25.9 billion), and the stock price was down -12.13% as of the 26th.
Net profit increased to approximately 1.2 trillion yen ($7.9 billion) from approximately 550 billion yen ($3.7 billion) in the same period last year.
Tesla produced approximately 495,000 vehicles in the fourth quarter.
In 2023 as a whole, vehicle deliveries increased by 38% from the previous year to 1.81 million units, and production volume increased by 35% from the previous year to 1.85 million units.
He also mentioned that beta V12 of the fully autonomous driving system “FSD (Full Self Driving)” was released in December last year.
This system uses AI (artificial intelligence) to control vehicles.
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X, Tesla and virtual currency
Elon Musk is also known to be a supporter of Dogecoin (DOGE).As of 2022, he posted on X, “Of course you can also pay with DOGE at Superchargers in Hollywood.”
A Supercharger station is a place where Tesla electric vehicles can be charged quickly.Hollywood’s supercharger is currently under development.
Musk also envisions X as a super app that provides comprehensive financial services.
On an X space hosted by Cathie Wood, she was asked about the possibility of Bitcoin being used in X’s payment infrastructure and said, “I’m open to the possibility of using Bitcoin on X, but I haven’t given much thought to it.” ” he answered.
However, he also said that concerns about the Bitcoin network’s power consumption have improved.Tesla began accepting Bitcoin payments for its products in 2021, but then discontinued this in 2022 due to power issues.Future policy will be a focus of attention.
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What is Dogecoin?
A virtual currency with a Shiba Inu motif that was developed as a joke in 2013.Dogecoin’s popularity skyrocketed in February 2021 when Elon Musk actively posted about it on Twitter.While it has the aspect of being a parody currency, the currency is also actively being developed and improved.It is characterized by fast payment speed and no upper limit on the number of coins issued.
Virtual currency glossary
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Tesla 2023 4Q financial report continues to hold Bitcoin appeared first on Our Bitcoin News..