It is estimated that as the price of bitcoin plummeted, TeslaThe value of the bitcoin position is likely to be lower than the $1.5 billion the company bought.
Based on average prices, Tesla may hold about 42000 bitcoins by the end of the first quarter. Given the recent price changes, the company may have lost about $125 million.
If that is the case, unless prices pick up, the electric carmaker will include an impairment loss in its upcoming second-quarter earnings report.