Tesla records $204 Million loss from Bitcoin Investments in 2022
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Elon Musk-owned Tesla has revealed that the company recorded a $204 million impairment loss in 2022 on its Bitcoin investments. In a filing with the US Securities and Exchange Commission (SEC), the company said, apart from the loss it recorded, it also made a profit of $64 million on certain conversions of Bitcoin, leaving the automaker with a net loss of $140 million.