WEBVTT

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- Tesla is one of those bleeding-edge,

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forward-thinking, hashtag
disruptor companies.

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As such, it's deeply
invested in cryptocurrency.

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In fact, the company
is so deeply invested,

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that it lost 140 million
dollars on Bitcoin last year.

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Way back in 2021,

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Tesla invested 1.5 billion
dollars into Bitcoin.

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Since then, the company
has actually scored

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some minor gains on that money.

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It was up, according to SEC filings,

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by 64 million dollars
over the course of 2022,

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through various sales and transactions.

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Unfortunately, that wasn't quite enough

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to balance out the 204
million dollars in losses.

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Those gains and losses

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net out to 140 million
bucks gone, vanished, poof.

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That totals out to nearly 10%

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of the company's initial investment.

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Amazingly though, that's
actually pretty good.

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In the same period of
time, the S&P 500 fell 18%.

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Losing only 10% is kind of a positive.

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Of course,

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considering the environmental
impact of cryptocurrency,

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was it worth it?