Tesla Cashes in Bitcoin Profits But Still Holds Millions as Cryptocurrency Rebounds

Tesla purchased $1.5 billion in Bitcoin in February 2021 and later sold $272 million in Q1 2021 and 75% of its remaining holdings in July 2022
Estimates suggest Tesla currently holds around 9,720 Bitcoin worth around $662.1 million at current prices
Tesla previously accepted Bitcoin as payment for vehicles but stopped due to energy consumption concerns related to Bitcoin mining
With Bitcoin hitting new all-time high prices, Tesla may sell more and its next earnings report could indicate if they did
If Tesla sold all its estimated Bitcoin now, it would have turned its original $1.5 billion purchase into $1.87 billion for a solid profit