Home Gadgets Tesla Lost $140 Million on Elon Musk’s Bitcoin Bet Last Year

Tesla Lost $140 Million on Elon Musk’s Bitcoin Bet Last Year

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Tesla’s big, bold billion-and-a-half-dollar bet on bitcoin’s “long-term-potential” is starting to look more and more like a dud. The company, at the behest of CEO Elon Musk, purchased $1.5 billion worth of the cryptocurrency back in February. Now, according to new fillings with the SEC, the company says it walked away…

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Source: gizmodo.com