The post Tesla Reports Q2 Earnings, Maintains Bitcoin Holdings appeared first on Coinpedia Fintech News
According to PANews, Tesla’s latest financial report for the second quarter of 2024 reveals that the company achieved a total revenue of $25.5 billion, surpassing the expected $24.63 billion. But automotive revenue dropped 7% to $19.9 billion from $21.27 billion in the same quarter a year ago. Capital expenditures in the quarter increased 10% from a year ago to $2.27 billion. The company incurred $600 million in expenses for artificial intelligence infrastructure. Notably, Tesla did not engage in any Bitcoin transactions during this quarter, marking the eighth consecutive quarter without buying or selling the cryptocurrency.
