Tesla Still Holding $218M in Bitcoin — Elon Musk Expects Company to Be Worth More Than Apple and Saudi Aramco Combined
Tesla’s third-quarter balance sheet shows that the electric car company is still holding $218 million in bitcoin. CEO Elon Musk claims that Tesla could be worth more than Apple and Saudi Aramco combined. The executive is also “excited” about acquiring Twitter. Tesla Still Holds $218 Million in Bitcoin Tesla Inc. (Nasdaq: TSLA) released its third-quarter earnings results Wednesday. The company’ ;s Q3 financial statements show that Tesla did not sell any bitcoin during the quarter. Its balance sheet still shows $218 million in digital assets, unchanged from the second quarter. Tesla’s Q3 2022 balance sheet. Source: Tesla Inc. At the time of writing, the price of bitcoin is $19,188 based on data from Bitcoin.com Markets. Tesla bought $1.5 billion worth of the cryptocurrency in early 2021 and has not purchased any more since. The company sold about 75% of its BTC holdings in the second quarter of this year. In the third quarter, Tesla’s revenu...