Guest Analyst: Tesla has not sold its cryptocurrency for a year in anticipation of price growth

It follows from Tesla's earnings report for the second quarter of 2023 that the cryptocurrencies available on its balance sheet have not been sold since the second quarter of last year. The commercial director of GIS MINING Ivan Gostev said in an interview with Ridus that there are at least three reasons for this.

The first possible reason, according to him, is investment goals. Holding bitcoins can be a strategy to preserve the value of assets and diversify the Tesla portfolio, the expert explained.