Tesla "only" took a $23 million impairment on Bitcoin.
This was expected to be much higher. Some forecast that the earnings would be hit with over a $100 million charge.
Seems Tesla bought BTC lower than people thought.
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It's also the tax concessions, because of their business and tax concessions when they declare Bitcoin they declare it at the lowest amount in that quarter not what it currently sits at.
It's absolutely BS where as us regular folk have to declare the value at the time of lodgement.
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