Tesla has disclosed on its balance sheet it sold some of its previous $1.5 billion investment in Bitcoin, and saw $272 million in proceeds from the sale, based on the “proceeds from sales of digital assets” on its cash flow from investing activities.
Tesla said in its Q1 slide deck, “quarter-end cash and cash equivalents decreased to $17.1B in Q1, driven mainly by a net cash outflow of $1.2B in cryptocurrency (Bitcoin) purchases, net debt and finance lease repayments of $1.2B, partially offset by free cash flow of $293M.”
Tesla still holds $1.331 billion in Bitcoin, while the profit from the sale was a $101 million “positive impact, net of related impairments, in ‘Restructuring & Other’ line”.
Summary: Tesla drivers can now connect their vehicles to the Uber app. The new feature allows Uber to assign trips according to drivers’ remaining battery range. Uber drivers can take advantage of the new integration to ensure they don’t get any trips during which they’ll have to stop for a charge. Tesla owners driving their […]
Summary: Tesla is reportedly preparing to launch Made-in-China Model Y RWD vehicles in South Korea. The automaker currently only sells Long Range and Performance trims of the Model Y in the country. Earlier this week, listings on Tesla’s website confirmed that Gigafactory Shanghai will also export Model Y RWD units to Canada. Tesla is gearing […]
Check out all of the new Tesla Superchargers that opened up across the globe this past week, courtesy of data from Supercharge.info and the TMC Forums: Date Opened Location Number of Stalls Power Rating Official Listing May 15, 2023 Tongli Bauhinia Shangdu, No. 135 Zijingshan Road, Guancheng Hui District, Zhengzhou City, Henan, China 3 250 kW Unavailable […]
