For those of you who wipe Elon Musk floor. Tesla has been caught up in the bloodbath it helped create. According to a recent article in Fortune,
Tesla likely bought its $1.5 billion in bitcoin at about $34,700 a piece. In the company's Q1, Tesla's bitcoin stash was the best performing part of the carmaker's business.
Now, unless there is a recovery in the price of bitcoin between now and July 1, Tesla shareholders should brace themselves for an impairment in the company's Q2 earnings report.
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