Tesla's Crypto Gamble: Did They Play Their Cards Right?

A Wild Ride with Crypto

Tesla's journey with Bitcoin has been quite the rollercoaster.

• 2021: Invested $1.5 billion in Bitcoin.
• 2022: Sold 75% of its Bitcoin stash during a market low, known as "crypto winter."
• Bitcoin was trading around $16,000 at the time.

Bitcoin's Stunning Comeback

• Today: Bitcoin has soared by 80% in the past year to reach around $116,000.
• Missed Opportunity: Imagine what Tesla could have done with those extra billions!

Tesla's Current Crypto Holdings

• Latest Financial Report: Tesla still holds about $1.24 billion in crypto, a 72% jump from last year.
• Main Contributor: Bitcoin's recent rally, which hit an all-time high of over $123,000.

Challenges and Opportunities

• Elon Musk's Focus: Electric vehicles, self-driving robotaxis, and humanoid robots.
• Tesla's Struggles: Facing challenges in electric vehicle sales and consumer backlash against Musk's politics.
• Missed Cash: That extra cash from Bitcoin could have come in handy.

Analysts' Views on Tesla's Stock

• Split Opinions:
• Buy
• Hold
• Sell
• Average Price Target: Suggests a slight dip from current levels.