According to Tesla’s Q3 financial filing, the company’s car sales slightly decreased since Q2 2024, while lease contracts saw a small increase.
Tesla published its Q3 2024 earnings report on October 23, indicating that the company did not sell any of its $184 million worth of digital assets during the quarter, keeping its cryptocurrency holdings unchanged for five consecutive quarters.
Q3 revenue reached over $25.18 billion, a slight dip from $25.5 billion in Q2. Net profit surged to $2.18 billion, compared to $1.5 billion in the previous quarter.
Tesla has captured the attention of crypto investors since 2021 when it bought $1.5 billion in Bitcoin. Since then, publicly traded companies holding digital assets, like Tesla, have been closely watched to gauge institutional interest and potential selling pressure.
FUD over Tesla’s wallet
On October 15, Arkham Intelligence reported that Tesla’s wallet had moved Bitcoin from an inactive wallet since 2022 to an unknown wallet.
Tesla’s wallet balance currently stands at 11,509 BTC, worth approximately $750,728,797. Tesla’s latest financial report confirms that the company has not sold any of its digital assets.
