Tesla will continue to face pressure from its bottom and top line performance leading to the upcoming reporting of quarterly results.
- The cryptocurrency market is trading consistently below the average position, when Tesla invested $1.5 billion into Bitcoin in the beginning of 2021.
- The holding of Tesla Inc in bitcoin has declined in value, accounting provisions would demand for recognition of loss without actual sales.
- The decline in sales in Chinese markets might reduce the desire for Tesla to invest in Bitcoin.
Delays in the launch of the new Model S will also impact on the earnings of Tesla Inc, influencing the decision to sell Bitcoin investments in the сryptocurrency market.
TSLA dips -0.071% on the news.
Source: Bloomberg.com
