Analyst Expects Tesla To Take $460 million Hit In Bitcoin Investment

Tesla Likely To Report a Huge Loss In Bitcoin Investment in Q2

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Barcalys expects Tesla to beat Wall Street's expectations on Wednesday with quarterly earnings (EPS) to come in moderately above analyst consensus.

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Bitcoin’s price peaked later last year when it reached nearly $70,000.

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Tesla CEO announced last year to accept bitcoin as payment method but reversed its decision citing environmental reasons.

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Tesla still accepts Dogecoin for its merchandise.

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