Tesla is retaining $184 million worth of digital assets, according to its latest investor report, while Bitcoin holdings are stagnating and the stock is falling slightly
Tesla disclosed in its second quarter 2023 investor report that there were no changes to its digital asset holdings. According to the official shareholder overview published on July 19, Tesla has retained its digital assets worth $184 million as of June 30. This value corresponds to the figures from the end of the first quarter of 2023 and the end of 2022. However, in the last quarter of 2022, there was a significant decrease in Tesla's digital asset holdings. The value fell from $218 to $184 million. In addition, the company announced…

Tesla is retaining $184 million worth of digital assets, according to its latest investor report, while Bitcoin holdings are stagnating and the stock is falling slightly
Tesla disclosed in its second quarter 2023 investor report that there were no changes to its digital asset holdings. According to the official shareholder overview published on July 19, Tesla has retained its digital assets worth $184 million as of June 30. This value corresponds to the figures from the end of the first quarter of 2023 and the end of 2022.
However, there was a significant decrease in Tesla's digital asset holdings in the last quarter of 2022. The value fell from $218 to $184 million. Additionally, in July 2022, the company announced that it had sold a portion of its Bitcoin holdings for $936 million, which represented approximately 75% of the Bitcoins originally purchased in early 2021.
Although Tesla's holdings of Bitcoin are stagnating, public interest in the company's cryptocurrency remains high. Many investors have used the company's question and answer form to obtain information about Tesla's possible acceptance of Bitcoin as a payment method. CEO Elon Musk previously announced that Tesla would start buying Bitcoin again once 50% of Bitcoin mining relies on renewable energy.
In addition to the unchanged Bitcoin holdings, Tesla's current report shows a significant success for the company. Sales in the second quarter of 2023 are a record $25 billion. Additionally, Tesla highlighted its advances in artificial intelligence (AI), specifically highlighting the Dojo training computers in the report.
Despite this positive news, Tesla shares saw a 0.71% decline during regular trading hours. In after-hours trading, the share price even fell by a further 4.90%.