Tesla’s Bitcoin Blunder: How Selling at $20K Could Haunt Elon Musk’s Crypto Empire Forever
The company’s initial Bitcoin purchase would now be worth around $5 billion.
Key Takeaways
- Tesla missed out on billions in potential profits by selling 75% of its Bitcoin holdings too early.
- The company’s early Bitcoin sale coincided with challenges in its core auto business and impacted financial results.
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