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Tesla Maintains Bitcoin Holdings Despite Falling Short in Q4 Earnings

by aria-crypto.com

January 29, 2025 at 21:28


Tesla Maintains Bitcoin Holdings Despite Falling Short in Q4 Earnings



Tesla's latest earnings report disappointed analysts with lower-than-expected gross margins, primarily due to financing offers and discounts aimed at boosting demand for its vehicles. Despite the financial pressures, Tesla confirmed it had not sold any of its Bitcoin holdings. Following the announcement, Tesla shares dropped by 4% in after-market trading. The company faces increasing challenges from rising interest rates and fierce competition, with rivals like BYD, BMW, and Volkswagen introducing more cost-effective models. Despite these setbacks, Tesla anticipates a volume growth between 20% and 30% by 2025. This optimism is partly based on plans to introduce a more affordable vehicle model and increase deliveries of the upcoming Cybertruck. However, specifics regarding the pricing and features of the new model remain undisclosed.


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