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Pundits say Bitcoin’s brutal quarter could see Tesla report up to a $100M loss for Q2

CryptocurrencyJul 07, 2021 01:00AM ET
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Pundits say Bitcoin’s brutal quarter could see Tesla report up to a $100M loss for Q2

Bitcoin’s second-quarter price battering has pundits speculating that Tesla (NASDAQ:TSLA) may have to report a loss of up to $100 million for Q2.

With the price of Bitcoin recently dropping to revisit levels last seen in January, CNBC business analyst Kate Rooney asserted on July 6 that Tesla may face an “impairment charge” — requiring it to report the drawdown in a disclosure to the U.S. Securities and Exchange Commission (SEC).

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Pundits say Bitcoin’s brutal quarter could see Tesla report up to a $100M loss for Q2
 

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Comments (2)
Love creations
Love creations Jul 07, 2021 3:23AM ET
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Telsa would have sold some for adjustments. we will trade in 20k range temp
Venkataramanan Segar
Venkataramanan Segar Jul 07, 2021 1:45AM ET
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Stupid thought. Tesla would report only if they sold any of their bitcoins
Giu Sa
Giu Sa Jul 07, 2021 1:45AM ET
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Good point. It would probably impact on the liquidity, cash flow. Not as a loss
 
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