Self made on app

Tesla's Cryptocurrrncy Assets of 2021-22

By Yugocean | Crypto Champion | 24 Apr 2022


     Tesla, Elon Musk's electric car company, owns multiple cryptocurrencies, the most popular of which are Bitcoin (BTC), Dogecoin (DOGE), and Ethereum (ETH) (ETH).

The Telsa Treasury
             Tesla revealed its earnings reports for the first quarter of 2022 on Wednesday, April 20th, 2022.

4bda7afabbc8d30fc498a66653b3de8c18621d3a9c7cd5f0d623dcf51ac99f3c.jpg
Tesla's revenue has climbed by more than 80%, and its earnings have increased by more than six times in just the first quarter of this year. Aside from that, it displays digital assets totaling more than $1.2 billion. We can check the possibility of digital assets in a known way.

BITCOIN
            Tesla paid $1.5 billion for Bitcoin last year, and the value has since risen to approximately $1.99 billion in December 2021. However, due to the current slump, its net worth has fallen.

DOGECOIN
     Tesla also owns Musk's favourite cryptocurrency, dogecoin, and has been taking DOGE for some of its products since January 2022. Tesla is not accepting any other cryptocurrency for the sale but DOGE, therefore such a sale may have provided Tesla with enough DOGE.

ETHEREUM
                It's unclear whether Tesla has Ethereum in its digital assets. Tesla has neither purchased ETH directly nor accepted it as payment for any of its products, so the most likely response is NO. However, on March 14, 2022, Musk cited ETH alongside BTC and DOGE, all of which he owns and has no plans to sell, implying that Tesla may also own ETH.

POSSIBLE CONCLUSION
     So yet, we have limited idea about how Musk creates Tesla's cryptocurrency wealth. However, the introduction of Tesla NFT is now the most likely scenario.

How do you rate this article?


5

0

Yugocean
Yugocean

Judge me by my action. Personally everyone will do self praise,.


Crypto Champion
Crypto Champion

Cryptocurrency-related contents that explains the status, need, or redundancy of new and old cryptocurrencies.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.