Currency Economy

Pundits say Bitcoin’s brutal quarter could see Tesla report up to a $100M loss for Q2

Cryptocurrency8 minutes ago (Jul 07, 2021 01:00AM ET)Pundits say Bitcoin’s brutal quarter could see Tesla report up to a $100M loss for Q2Pundits say Bitcoin’s brutal quarter could see Tesla report up to a $100M loss for Q2

Bitcoin’s second-quarter price battering has pundits speculating that Tesla (NASDAQ:TSLA) may have to report a loss of up to $100 million for Q2.

With the price of Bitcoin recently dropping to revisit levels last seen in January, CNBC business analyst Kate Rooney asserted on July 6 that Tesla may face an “impairment charge” — requiring it to report the drawdown in a disclosure to the U.S. Securities and Exchange Commission (SEC).

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