Tesla's total revenue in the second quarter of this year was US$25.5 billion, and its Bitcoin holdings remained unchanged for eight consecutive quarters

Odaily Planet Daily News According to Tesla's latest second quarter 2024 financial report, the company's total revenue in the second quarter of this year was US$25.5 billion, higher than the expected US$24.63 billion. Generally accepted accounting principles net profit was US$1.5 billion and free cash flow was US$1.34 billion. In addition, Tesla did not sell or buy any Bitcoin in the quarter, which was the eighth consecutive quarter without any buying and selling operations. Tesla currently holds about 9,720 Bitcoins, with a purchase cost of approximately US$337 million. The last time Tesla reduced its holdings of Bitcoin was in the second quarter of 2022, when the company sold more than 30,000 Bitcoins for US$936 million, accounting for about 75% of its Bitcoin holdings. Tesla initially purchased $1.5 billion worth of Bitcoin in early 2021. In addition, Musk said in a conference call that the company will release its driverless taxi Robotaxi on October 10, which was originally scheduled to be released on August 8.