By Joseph Branch in Economics News —

Tesla records $140 million loss in BTC

Tesla records $140 million loss in BTC
Photo by Alexander Shatov / Unsplash

Electric car maker Tesla has reported  its losses in bitcoins last year. This is according to documents that the company filed with the SEC on January 31.

The gross loss in BTC was $204 million, which should be subtracted from the $64 million profit from the sale of the cryptocurrency in the 2nd quarter. Therefore, Tesla's final net loss is $140 million.