Bitcoin's dramatic loss of value adds additional stress for Tesla

Tesla leaned hard into Bitcoin, purchasing $1.5B of the non-fiat currency in 2021. Since the time of Tesla's investment bitcoin's price has fallen dramatically, and it will be interesting to see how they treat this loss in their financial reporting.

The Street:

Elon Musk's company had invested $1.5 billion in Bitcoin on February 8, 2021.