In Tesla's Q4 report, the company revealed its steadfast Bitcoin investment of 9,720 BTC, sustaining its position for the sixth consecutive quarter. Initially investing $1.5 billion in Bitcoin in February 2021, CEO Elon Musk spearheaded the move, resulting in a significant surge in cryptocurrency value. Tesla strategically liquidated a portion of its Bitcoin holdings to assess market liquidity, leaving the remaining holdings valued at around $1.99 billion by year-end. In July 2022, Tesla sold 75% of its Bitcoin holdings, bolstering its cash reserves by an additional $936 million.

Despite holding onto its Bitcoin assets, Tesla's Q4 performance drew mixed reactions. The automotive revenue saw a modest 1% year-over-year uptick, but earnings per share and total revenue slightly missed market expectations, leading to a decline in stock value during after-hours trading. Tesla's balance sheet reflected a diversified portfolio, including cash, receivables, and solar energy systems.

Across divisions, automotive revenues experienced marginal growth, energy generation and storage reported a 10% revenue increase, and services and other revenue surged by 27%, highlighting Tesla's expanding market reach. However, the overall gross profit saw a 23% decrease, and operating income took a significant 47% dip, reflecting the competitive economic landscape.

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