Tesla earnings: Bitcoin bags untouched as firm splashes out on AI By Cointelegraph

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© Reuters.

Electric vehicle maker Tesla (NASDAQ:) made no changes to its sizeable (BTC) holdings — the fifth quarter in a row — though it has directed more funds to double its computing capacity amid artificial intelligence efforts.

Tesla’s Q3 2023 results released on Oct. 18 show as of Sept. 30, it held $184 million worth of digital assets — a portion of the $1.5 billion worth of Bitcoin it first bought in March 2021.

Excerpt of Tesla’s Q3 2023 balance sheet with its digital asset holdings highlighted. Source: Tesla
Tesla (TSLA) shares continued to fall after the bell to a low of $230.19. Source: Google (NASDAQ:) Finance