📣 Tesla Didn’t Sell Any of Its Bitcoins: The Q3 2024 Results Show
posted 24 Oct 2024
Tesla reported its financial results for the third quarter of 2024 which reveals the company didn’t sell any of its 11,509 Bitcoins, currently valued at around $765 million.
This comes as an answer to the earlier concerns that Tesla may have sold its Bitcoins based on wallet movements.
Tesla’s financial results report shows the company’s revenue reached $25.2 billion, marking an 8% year-over-year increase. At the same time, the Cybertruck, Tesla’s pickup truck that hit the market at the end of 2023, became the third best-selling electric vehicle in the US.
Tesla introduced the futuristic car back in 2019, which has gained a lot of attention. The company aims for full autonomy with cars operating without human interaction. Cybertrucks offer functionalities in that direction, providing cutting-edge technologies that include smart navigation and driver assistance.
On October 10, Tesla held an event “We, Robot” presenting its robotaxis, accompanied by the performance of humanoid Optimus robots. The production of Robotaxis named the Cybercab is expected to begin before 2027, but first, they need to get regulatory approval.
Elon Musk predicted that with this approach, Tesla aims to become the most valuable company in the world.
Tesla introduced the futuristic car back in 2019, which has gained a lot of attention. The company aims for full autonomy with cars operating without human interaction. Cybertrucks offer functionalities in that direction, providing cutting-edge technologies that include smart navigation and driver assistance.
On October 10, Tesla held an event “We, Robot” presenting its robotaxis, accompanied by the performance of humanoid Optimus robots. The production of Robotaxis named the Cybercab is expected to begin before 2027, but first, they need to get regulatory approval.
Optimus robots performing at We, Robot. Source: Tesla Q3 2024 Update
Tesla’s core focus areas remain solar energy, transport, robotics, and AI. Tesla’s AI training computer increased by an impressive 75% due to more advanced hardware and software. The company plans to continue scaling in Q4.
Elon Musk predicted that with this approach, Tesla aims to become the most valuable company in the world.
More breaking news
