And still hodling strong: Tesla (TSLA) has lost over $500 million from its Bitcoin investment amid crypto winter

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tldr; Tesla has lost over $500 million in value from its Bitcoin investment amid what people are now calling a “crypto winter.” The automaker invested $1.5 billion in Bitcoin in early 2021 and started accepting the cryptocurrency as payment on new vehicles. A few days later, Tesla removed the Bitcoin payment option due to concerns over the energy needs of Bitcoin.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*


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