Tesla, one of the leading automotive and clean energy companies owned by Elon Musk, announced today that none of their $435,000,000 Bitcoin (BTC) was sold in Q4 2023. The company did not buy or sell any of its Bitcoin, according to its Q4 update.
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Before the earnings report was announced, it was known that Tesla had 9,720 BTC. It’s the sixth straight quarter of no sales for Tesla’s Bitcoin pile, which is significantly down in price compared to Q3 of 2023. In after-hours trading, Tesla is also down and has been slumping since the start of the new year.
In addition to stocks being down and no Bitcoin transactions, Tesla reported 484,507 deliveries in the fourth quarter and more than 1.8 million deliveries for 2023. Total revenue for the company was down $70 million, at $25.17 billion from a projected $25.87 billion.