Tesla's total revenue in the second quarter of this year was US$25.5 billion, and its Bitcoin holdings remained unchanged for eight consecutive quarters

Odaily Odaily News According to Tesla's latest second-quarter 2024 financial report, the company's total revenue in the second quarter of this year was US$25.5 billion, higher than the expected US$24.63 billion. Generally accepted accounting principles net profit was US$1.5 billion and free cash flow was US$1.34 billion. In addition, Tesla did not sell or buy any Bitcoin in the quarter, marking the eighth consecutive quarter without any buying and selling operations. Tesla currently holds about 9,720 Bitcoins, with a purchase cost of approximately US$337 million. The last time Tesla reduced its holdings of Bitcoin was in the second quarter of 2022, when the company sold more than 30,000 Bitcoins for US$936 million, accounting for about 75% of its Bitcoin holdings. Tesla initially purchased $1.5 billion worth of Bitcoin in early 2021. In addition, Musk said in a conference call that the company will release its driverless taxi Robotaxi on October 10, which was originally scheduled to be released on August 8.