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The Wall Street Publication > Blog > Tech > Tesla Records $170 Million Impairment Charge on Bitcoin
Tech

Tesla Records $170 Million Impairment Charge on Bitcoin

Editorial Board Published July 25, 2022
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Tesla Records 0 Million Impairment Charge on Bitcoin
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Tesla said it recorded a $170 million impairment charge against the carrying value of its bitcoin holdings for the first six months of the year.

The electric-car maker also logged $64 million in gains from certain sales of its bitcoin holdings, the company said in its 10-Q filing with the Securities and Exchange Commission on Monday.

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