Tesla make 1 billion profits from it Bitcoin holding

[Ararbermas]

They are whales so its not surprising they can make a profits like that amount because having a big contribution is equals to massive profits that's the basic calculation. Lol indeed people will not become scared when there's a bad news from them if they are not the only one that controls the market nowadays.. And for sure not just tesla make 1 billion from it wherein elon musk as well.. As they're very often in crypto space to accumulate massive profits even in just a meme coin.. So how much more with bitcoin? Easy money.. 

[1714887876]

1714887876

[worle1bm]

If they hold their investment for some morw time their funds will be even more as unrealised profits are also being accumulated in the end and taking their profits high whenever they want to sell and.They might not have made that much in a year by selling cars also but by holding btc they have managed to get such returns and still criticize btc usage what a shame for Clown Musk.These are of above $60k and yet more to come.

[kryptqnick]

If Tesla (EM) did not sell all that BTC, then it would be more accurate to say that it is an unrealized profit - and EM has stated that it has no intention of selling that BTC, although this may change at any time.

This lol. Technically, it really isn't considered as "profits" if the assets haven't been sold yet in the first place. It's quite misleading, but I guess Cointelegraph's goal was to make it misleading enough to trick people into talking about it, and here we are. 🤷‍♂️

While technically true, I think what matters here is that they made a successful investment, and that they can realistically sell it all within one day and get that direct profit. Also, isn't it profit even when they have the same amount of BTC they bought, but with doubled purchasing power? I mean, do they really have to sell it for fiat for it to count? If they exchanged BTC directly for houses, yachts and stuff, would that count as making profit? Their purchasing power increased, and selling for fiat wouldn't be a problem, so I think it's okay to discuss it as profit.

[Huppercase]

In general, this company is now an example of a successful business. At least for now, according to the work of this company, we can really see how modern technologies can develop the company and bring profit.

Nobody is talking about the profit taking. If Tesla decides to take their profit, will the market be strong enough to take the sell pressure?
Remember it's not just Tesla who is in profit there are already Microstrategy who are also holding bitcoin as well as other private companies, it will be an earthquake to the market if they all want to sell.

[ringgo96]

The profits obtained by tesla companies are currently not entirely theirs because the calculated profits are still in a trading position, if they are not satisfied with the results achieved at this time then they keep their investment until the value of bitcoin is at its highest level, and currently they invest in the long term then it is not yet time to get profits as targeted, And I'm sure that the profits that big companies like Tesla are getting today are very small for them and the owners will still maintain until they reach maximum value.

[masterrex]

IMO, I think the real profit is only applied when Tesla Bitcoin holdings were already sold or liquidated, but until it's not been liquidated or sold yet it's not considered as profit, anyway, that amount is huge if tesla bitcoin holdings were already sold then it is a clear profit and it would be added to their reserve funds and can be used anytime for the company.

[mindrust]

IMO, I think the real profit is only applied when Tesla Bitcoin holdings were already sold or liquidated, but until it's not been liquidated or sold yet it's not considered as profit, anyway, that amount is huge if tesla bitcoin holdings were already sold then it is a clear profit and it would be added to their reserve funds and can be used anytime for the company.

Nope. They don't have to liquidate their position. What is that mean anyway? Bitcoin is money already. Converting it into USD makes no sense at that point. If they "liquidate" their position, it only makes sense if they are able to buy them back from a lower price later on. Otherwise there is no point in selling bitcoins for USD.

[chuangfu1799]

This may be a tragedy if it goes for a cash out

[7788bitcoin]

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Nobody is talking about the profit taking. If Tesla decides to take their profit, will the market be strong enough to take the sell pressure?
Remember it's not just Tesla who is in profit there are already Microstrategy who are also holding bitcoin as well as other private companies, it will be an earthquake to the market if they all want to sell.

There are multiple institutional investors who are holding billions of dollars worth of Bitcoin, Tesla and MicroStrategy are just two of the big investors and Tesla even booked some of their profit during the last rally and they will book their profit any time and since a company like Tesla earned a huge profit expect more companies to come forward during the next rally.

[BD Crypto]

It's a big news for Tesla and all the Bitcoin holders who bought Bitcoin at deep price and hold for a sudden period.
Even I also made a decent profit like tesla and I suggest to everyone who hasn't have proper experience in technical analysis or chart analysis they should go for holding to gain more money.
Again Day trading is another best way but not for all.Trading in short terms need to keep a watch over the news of the asset and must have knowledge about risk management, market study.
Source link : Article
So I choosed Crypto Holding until price hits my target.

[worldofcoins]

If I am not wrong then Tesla decided to remove bitcoin from their payment system.
Does anyone out of you know if they finally decided to accept it again?

[GeorgeJohn]

As Bitcoin price relies on around $58,000 investors are already recording their profits and one among them is Tesla, a company own and operated by Elon Musk a popular cryptocurrency.

Actually investors only secure large profit whenever the price of cryptocurrencies get increase to any step, but it really depends on the time the investor purchase the cryptocurrency , which is one of the major reason or advantages while people are encouraged to purchase any cryptocurrency when it decrease in value, right now it's very obvious that all the coins is appreciating due to the market structure now, any investor who purchased it when it was thirty four to forty thousand (34k to 40k) have made a profit.

[mindrust]

~
Nobody is talking about the profit taking. If Tesla decides to take their profit, will the market be strong enough to take the sell pressure?
Remember it's not just Tesla who is in profit there are already Microstrategy who are also holding bitcoin as well as other private companies, it will be an earthquake to the market if they all want to sell.

There are multiple institutional investors who are holding billions of dollars worth of Bitcoin, Tesla and MicroStrategy are just two of the big investors and Tesla even booked some of their profit during the last rally and they will book their profit any time and since a company like Tesla earned a huge profit expect more companies to come forward during the next rally.

Michael Saylor is such a brilliant man. He recently advised the Central Bank of Turkey to buy bitcoin. He said something like: "If the Central Bank of Turkey buys $5 billion now, in a few years they will have $50 billion." He trusts bitcoin that much. Truly heartwarming a billionaire like him backing bitcoin with his billions. Elon too. If a few smart billionaires join this movement, bitcoin will hit $1m very fast.

[RILWAN]

If I am not wrong then Tesla decided to remove bitcoin from their payment system.
Does anyone out of you know if they finally decided to accept it again?

From the news I read, Tesla is at its final stage of development to start accepting crypto payment again and the reason the cryptocurrency payment on Tesla was suspended at first was not stated but from the look of things the company has realized how vital it is for the company to accept Bitcoin. So am sure before the end of the year Tesla will resume Bitcoin payment.

[worle1bm]

As Bitcoin price relies on around $58,000 investors are already recording their profits and one among them is Tesla, a company own and operated by Elon Musk a popular cryptocurrency.

Actually investors only secure large profit whenever the price of cryptocurrencies get increase to any step, but it really depends on the time the investor purchase the cryptocurrency , which is one of the major reason or advantages while people are encouraged to purchase any cryptocurrency when it decrease in value, right now it's very obvious that all the coins is appreciating due to the market structure now, any investor who purchased it when it was thirty four to forty thousand (34k to 40k) have made a profit.

Not only tesla many other companies who have hold onto their btc holding have made huge profits in billions like MicroStrategy and have made enough profits that they have not made in so many years and that's insane growth.This all came with bitcoin climbing up to ATH and moreover the companies make DCA investment and their average price is also low so they make more profits also.But in the end the main concern is to invest.

[Kakmakr]

Well, If Tesla decided to sell their 43,200 Bitcoins now... it will push the price down... and they will not have a 1 Billion Dollar profit. You cannot just dump that amount of coins on the markets and expect the price to stay the same.

Tesla will be clever enough to dump small amounts over a longer period... to get the most profit out of those coins. They will also make sure that they do not mess with the liquidity of the market to sell those coins.  

[Jawadu]

I'm not surprised for Elon Musk to make 1 billion profit from Bitcoin because I remember in February he was all over the news after he bought more than 40K BTC and all we remember at that time BTC had what price! But I believe he did not sell all BTC that he bought, maybe he sold some amount so that he can get his capital back and then keep holding the rest. Rich people have many ways to be richer, lol.

[qwertyup23]

If Tesla (EM) did not sell all that BTC, then it would be more accurate to say that it is an unrealized profit - and EM has stated that it has no intention of selling that BTC, although this may change at any time. In addition, Tesla appears to have bought a total of 46 000 BTC at an average price of $32 610, but sold 10%, so the total amount of BTC is now 41 400  currently worth 2.375 billion.

In Q4 of last year, Musk purchased $1.5 billion in Bitcoin in one of the most adventurous moves ever undertaken by a corporate treasury. CFO Zach Kirkhorn praised the gambit as "a good place to place some of our cash that's not being used, and get a good return on that." By my math, Tesla bought 46,000 coins at an average price of $32,610. In mid-March, it sold 10% of its holdings, around 4,100 coins, at an average price of almost $60,000, booking a profit of $128 million (reduced to $101 million by an "impairment" charge).

Very accurate.

It is considered as receivables in way that the fruition of profit will only materialize upon the withdrawing/encashment of their BTCs to cash. Until it remains as BTC, it will be unrealized profit just like what you mentioned.

Same as stocks or any receivables- until they are received as cash then it cannot be considered as profit as they will still be recognized as investments or as an asset. Regardless, however, the fact that Tesla has remained faithful in HODLing their BTCs means a lot for the future of cryptocurrencies.

[oHnK]

Same as stocks or any receivables- until they are received as cash then it cannot be considered as profit as they will still be recognized as investments or as an asset. Regardless, however, the fact that Tesla has remained faithful in HODLing their BTCs means a lot for the future of cryptocurrencies.

We know what is the difference between gain and unrealized gain exactly, but the media don't think as what we think about it. They just think how to reach their viewers target on the news that they published. I don't shock with the news, this is just about perception difference. As a smart reader, We may be able to provide a better opinion to corroborate data that should not be concluded from erroneous quotations.

[Lucius]

Well, If Tesla decided to sell their 43,200 Bitcoins now... it will push the price down... and they will not have a 1 Billion Dollar profit. You cannot just dump that amount of coins on the markets and expect the price to stay the same.

Well, do you think that such a sale would take place on the open market? There is an OTC for such things, and that is the way that the company bought BTC back in Q4 2020, and it became known only a few months later.

Tesla will be clever enough to dump small amounts over a longer period... to get the most profit out of those coins. They will also make sure that they do not mess with the liquidity of the market to sell those coins.  

They are in a win-win situation no matter from which angle we look - because it is ideal to sell and then bring down the price and buy again cheaply. EM is a businessman who only cares about profit, I don't know why people believe that he has some great sympathy for Bitcoin, it's an investment for him like any other.

Does anyone know how much free money his company gets as an incentive from the government?

The company is also the top beneficiary of indirect government subsidies in the form of sales of pollution credits–including California ZEV credits, U.S. Corporate Average Fuel Economy credits and more recently European Union carbon credits–to automakers that need them. To date, Tesla has reported $3.1 billion in lucrative credit sales, which are essentially free money.