Bitcoin Contributed Around $282 Million To Tesla’s Bottom Line In Q2, Saving It From An Even Uglier Stock Market Evisceration
Tesla shares are down around 9 percent in early trading on Thursday, hammered by the EV giant's steepest revenue decline in at least a decade, and compounded by the likelihood of a few "rough" quarters ahead. For the benefit of those who might not be aware, Tesla reported $22.496 billion in revenue for the second quarter of 2025, beating its IR-compiled consensus estimate of $21.934 billion. However, on a year-over-year basis, Tesla's revenue declined by 11.78 percent, constituting its steepest fall in around a decade. Elsewhere, the EV giant's free cash flow shrank to just $146 million, and cash balance […]
Read full article at https://wccftech.com/bitcoin-contributed-around-282-million-to-teslas-bottom-line-in-q2-saving-it-from-an-even-uglier-stock-market-evisceration/
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