Unexpectedly, tesla ended up being carried by bitcoin.

According to statistics from American media, at the beginning of this year, Tesla CEO Musk bought an average of 0.0326 million dollars to acquire 0.046 million bitcoins. And in the first quarter of this year, he sold 10% of his bitcoin holdings at a price close to the historical high of 0.0591 million dollars, totaling 4600 bitcoins, generating an income of 0.272 billion dollars, and achieving a pre-tax profit of 0.101 billion dollars.

Bitcoin reached a record high of $64,778 in mid-April this year, but starting from late May, the selling pressure of cryptocurrency has been increasing, and bitcoin has entered a downtrend. Finally, in June, it hit a new low of $28,901.8 for the year, halving its price in just two months.

This Tuesday, bitcoin once again fell below $30,000, dropping to around $29,300, with an intraday decline of 5%. Currently, bitcoin has returned to the $0.03 million dollar mark. Tesla's bitcoin holdings have shrunk significantly. If bitcoin continues to fall, Tesla's investment will incur losses. If the bitcoin price falls to $0.025 million, Tesla will lose 0.3 billion dollars. If it falls to $0.02 million, the loss could further expand to 0.5 billion dollars, equivalent to Tesla's entire pre-tax profit for the first quarter.