🕷️ Crawler Inspector

URL Lookup

Direct Parameter Lookup

Raw Queries and Responses

1. Shard Calculation

Query:

Response:

Calculated Shard: 172 (from laksa020)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa172.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://futurism.com/the-byte/tesla-sold-bitcoin-worst-moment\')), getAhrefsUnparsedNoserviceFromURL(\'https://futurism.com/the-byte/tesla-sold-bitcoin-worst-moment\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/futurism.com\/the-byte\/tesla-sold-bitcoin-worst-moment","crawl_time":1775603799,"first_indexed_time":1753464604,"http_code":200,"src_unparsed":"com,futurism!\/the-byte\/tesla-sold-bitcoin-worst-moment s443","src_root_hash":"5663751245577307572","history_drop_reason":null,"meta_title":"Tesla Sold Its Bitcoin at Pretty Much the Worst Moment Imaginable","meta_descriptions":["Tesla lost out on much larger gains from its Bitcoin after unloading three quarters of its holdings in mid-2022, pretty much the worst time."],"attrs_boilerpipe_text":"Image: BRENDAN SMIALOWSKI\/AFP via Getty Images\nSign up to see the future, today\nCan’t-miss innovations from the bleeding edge of science and tech\nHorrible Timing\nTesla massively missed the mark in the second quarter of this year,\nconceding this week\nthat its automotive revenue fell a whopping 16 percent from last year, on top of\nlast quarter’s financial woes\n.\nAs sales continue to plummet worldwide, the Elon Musk-led EV maker could really use a lifeline in the form of billions of cash.\nBut as\nCNBC\nreports\n, its digital asset investments likely won’t be the solution.\nTesla boasted in its investor deck that while its Bitcoin was worth only $722 million in 2024, it’s spiked to $1.24 billion after the past year’s rally. Bigger picture, though, the company lost out on much larger gains when it unloaded three-quarters of its holdings in mid-2022, pretty much the worst time it could’ve done so.\nDuring the company’s Q2 earnings call in 2022,\nMusk rationalized\nthat the company was “uncertain as to when the COVID lockdowns in China would alleviate” at the time, alluding to a\nmassive sales crunch in the country\ncaused by the pandemic.\nWhile it’s unclear at what price it sold most of its Bitcoin, the token was trading at below the $30,000 mark by the end of that quarter — a mere quarter of what the coin is worth now.\nPremature Unloading\nAccording to\nCNBC\n‘s calculations, the $936 million worth of Bitcoin the company cashed out in 2022 would be worth over $3.5 billion today — money that the carmaker could certainly use right now.\nHowever, Tesla’s woes this year aren’t the result of a global pandemic; they’re because of Musk’s leadership. The mercurial CEO has alienated huge swathes of the population with his\nembrace of far-right ideologies\nand\ndisastrous decision-making\nat the helm of the so-called Department of Government Efficiency, greatly tarnishing the brand in the process.\nNow that Trump is throwing his full weight behind loosening cryptocurrency regulations, part of a larger effort to enrich himself and his family, Bitcoin is booming.\nAnd three years later, Tesla executives — including Musk — must be kicking themselves for cashing out far too soon.\nMore on Bitcoin:\nSomeone Just Sold Their 2011 Bitcoin for a 17 Million Percent Profit","attrs_markdown":"[![Futurism Logo](https:\/\/futurism.com\/wp-content\/uploads\/2025\/09\/futurism_6f3e15_7a2259.svg?quality=85)](https:\/\/futurism.com\/)\n\n[![Futurism Logo](https:\/\/futurism.com\/wp-content\/uploads\/2025\/09\/futurism_6f3e15_7a2259.svg?quality=85)](https:\/\/futurism.com\/)\n\n- [AI](https:\/\/futurism.com\/category\/artificial-intelligence)\n  - [Anthropic](https:\/\/futurism.com\/category\/anthropic)\n  - [Ethics](https:\/\/futurism.com\/category\/ethics)\n  - [Facial recognition](https:\/\/futurism.com\/category\/facial-recognition)\n  - [Google](https:\/\/futurism.com\/category\/google)\n  - [Machine Learning](https:\/\/futurism.com\/category\/machine-learning)\n  - [Meta](https:\/\/futurism.com\/category\/meta)\n  - [OpenAI](https:\/\/futurism.com\/category\/openai)\n  - [xAI](https:\/\/futurism.com\/category\/xai)\n- [Society](https:\/\/futurism.com\/category\/future-society)\n  - [Art](https:\/\/futurism.com\/category\/art)\n  - [Blockchain](https:\/\/futurism.com\/category\/blockchain)\n  - [Cybersecurity](https:\/\/futurism.com\/category\/cybersecurity)\n  - [Education](https:\/\/futurism.com\/category\/education)\n  - [FCC](https:\/\/futurism.com\/category\/fcc)\n  - [Finance](https:\/\/futurism.com\/category\/finance)\n  - [Food](https:\/\/futurism.com\/category\/food)\n  - [Privacy](https:\/\/futurism.com\/category\/privacy)\n  - [The Industrialists](https:\/\/futurism.com\/category\/the-industrialists)\n  - [Virtual Reality](https:\/\/futurism.com\/category\/virtual-reality)\n- [Health](https:\/\/futurism.com\/category\/health-medicine)\n  - [Brain](https:\/\/futurism.com\/category\/brain)\n  - [Developments](https:\/\/futurism.com\/category\/developments)\n  - [Genetics](https:\/\/futurism.com\/category\/genetics)\n  - [Medical](https:\/\/futurism.com\/category\/medical)\n  - [Prosthetics and Devices](https:\/\/futurism.com\/category\/prosthetics-and-devices)\n  - [Sleep](https:\/\/futurism.com\/category\/sleep)\n  - [Studies](https:\/\/futurism.com\/category\/studies)\n- [Machines](https:\/\/futurism.com\/category\/robots-and-machines)\n  - [Computing](https:\/\/futurism.com\/category\/computing)\n  - [Robotics](https:\/\/futurism.com\/category\/robotics)\n- [Science](https:\/\/futurism.com\/category\/science-energy)\n  - [Agriculture](https:\/\/futurism.com\/category\/agriculture)\n  - [Biology](https:\/\/futurism.com\/category\/biology)\n  - [Chemistry](https:\/\/futurism.com\/category\/chemistry)\n  - [Energy](https:\/\/futurism.com\/category\/energy)\n  - [Environment](https:\/\/futurism.com\/category\/environment)\n  - [Evolution](https:\/\/futurism.com\/category\/evolution)\n  - [Future Materials](https:\/\/futurism.com\/category\/future-materials)\n  - [Military](https:\/\/futurism.com\/category\/military)\n  - [Physics](https:\/\/futurism.com\/category\/physics)\n- [Space](https:\/\/futurism.com\/category\/space)\n  - [Astronomy](https:\/\/futurism.com\/category\/astronomy)\n  - [Astrophysics](https:\/\/futurism.com\/category\/astrophysics)\n  - [Blue Origin](https:\/\/futurism.com\/category\/blue-origin)\n  - [Boeing](https:\/\/futurism.com\/category\/boeing)\n  - [ESA](https:\/\/futurism.com\/category\/esa)\n  - [NASA](https:\/\/futurism.com\/category\/nasa)\n  - [Off-World](https:\/\/futurism.com\/category\/off-world)\n  - [Space Force](https:\/\/futurism.com\/category\/space-force)\n  - [SpaceX](https:\/\/futurism.com\/category\/spacex)\n- [Transport](https:\/\/futurism.com\/category\/advanced-transport)\n  - [Electric Vehicles](https:\/\/futurism.com\/category\/electric-vehicles)\n  - [Mass Transit](https:\/\/futurism.com\/category\/mass-transit)\n  - [Self-Driving Vehicles](https:\/\/futurism.com\/category\/self-driving-vehicles)\n  - [Tesla](https:\/\/futurism.com\/category\/tesla)\n- [Latest](https:\/\/futurism.com\/latest)\n- [Newsletter](https:\/\/futurism.beehiiv.com\/subscribe)\n\n- [IG](https:\/\/www.instagram.com\/futurism\/)\n- [BS](https:\/\/bsky.app\/profile\/futurism.com\/)\n- [FB](https:\/\/www.facebook.com\/futurism)\n\n[Future Society](https:\/\/futurism.com\/category\/future-society) [Blockchain](https:\/\/futurism.com\/category\/blockchain) [Cryptocurrency](https:\/\/futurism.com\/category\/cryptocurrency) [Bitcoin](https:\/\/futurism.com\/category\/bitcoin)\n\nBitcoin Bust\n\n# Tesla Sold Its Bitcoin at Pretty Much the Worst Moment Imaginable\nTalk about a missed opportunity.\n\n![Victor Tangermann Avatar](https:\/\/futurism.com\/wp-content\/uploads\/2025\/06\/avatar_user_853_1741016486.jpg?quality=85&w=102&h=102&crop=1)\n\nBy [Victor Tangermann](https:\/\/futurism.com\/authors\/victor)\n\nPublished  Jul 25, 2025 1:17 PM EDT\n\n[Add Futurism (opens in a new tab)](https:\/\/www.google.com\/preferences\/source?q=futurism.com)\n\nAdding us as a Preferred Source in Google by using this link indicates that you would like to see more of our content in Google News results.\n\n![Tesla lost out on much larger gains from its Bitcoin after unloading three quarters of its holdings in mid-2022, pretty much the worst time.](https:\/\/futurism.com\/wp-content\/uploads\/2025\/07\/tesla-sold-bitcoin-worst-moment.jpg?quality=85&w=1152)\n\n*Image: BRENDAN SMIALOWSKI\/AFP via Getty Images*\n\n## Sign up to see the future, today\nCan’t-miss innovations from the bleeding edge of science and tech\n## Horrible Timing\nTesla massively missed the mark in the second quarter of this year, [conceding this week](https:\/\/futurism.com\/elon-musk-tesla-board-fire-crazy) that its automotive revenue fell a whopping 16 percent from last year, on top of [last quarter’s financial woes](https:\/\/futurism.com\/tesla-earnings-brutal-elon-musk).\n\nAs sales continue to plummet worldwide, the Elon Musk-led EV maker could really use a lifeline in the form of billions of cash.\n\nBut as [*CNBC* reports](https:\/\/www.cnbc.com\/2025\/07\/24\/tesla-bitcoin-crypto-sale.html), its digital asset investments likely won’t be the solution.\n\nTesla boasted in its investor deck that while its Bitcoin was worth only \\$722 million in 2024, it’s spiked to \\$1.24 billion after the past year’s rally. Bigger picture, though, the company lost out on much larger gains when it unloaded three-quarters of its holdings in mid-2022, pretty much the worst time it could’ve done so.\n\nDuring the company’s Q2 earnings call in 2022, [Musk rationalized](https:\/\/www.cnbc.com\/2022\/07\/20\/tesla-converted-75percent-of-bitcoin-purchases-to-fiat-currency-in-q2-2022.html) that the company was “uncertain as to when the COVID lockdowns in China would alleviate” at the time, alluding to a [massive sales crunch in the country](https:\/\/www.cnn.com\/2022\/05\/11\/cars\/tesla-china-sales-dive-covid-lockdowns-hnk-intl) caused by the pandemic.\n\nWhile it’s unclear at what price it sold most of its Bitcoin, the token was trading at below the \\$30,000 mark by the end of that quarter — a mere quarter of what the coin is worth now.\n\n## Premature Unloading\nAccording to *CNBC*‘s calculations, the \\$936 million worth of Bitcoin the company cashed out in 2022 would be worth over \\$3.5 billion today — money that the carmaker could certainly use right now.\n\nHowever, Tesla’s woes this year aren’t the result of a global pandemic; they’re because of Musk’s leadership. The mercurial CEO has alienated huge swathes of the population with his [embrace of far-right ideologies](https:\/\/futurism.com\/musk-gambit-democrats-republicans) and [disastrous decision-making](https:\/\/futurism.com\/elon-musk-doge-dismal-failure) at the helm of the so-called Department of Government Efficiency, greatly tarnishing the brand in the process.\n\nNow that Trump is throwing his full weight behind loosening cryptocurrency regulations, part of a larger effort to enrich himself and his family, Bitcoin is booming.\n\nAnd three years later, Tesla executives — including Musk — must be kicking themselves for cashing out far too soon.\n\n**More on Bitcoin:** *[Someone Just Sold Their 2011 Bitcoin for a 17 Million Percent Profit](https:\/\/futurism.com\/someone-sold-2011-bitcoin-profit)*\n\n[![Victor Tangermann Avatar](https:\/\/futurism.com\/wp-content\/uploads\/2025\/06\/avatar_user_853_1741016486.jpg?quality=85&w=102&h=102&crop=1)](https:\/\/futurism.com\/authors\/victor)\n\n## [Victor Tangermann](https:\/\/futurism.com\/authors\/victor)\n### Senior Editor\n\nI’m a senior editor at Futurism, where I edit and write about NASA and the private space sector, as well as topics ranging from SETI and artificial intelligence to tech and medical policy.\n***\n\nTAGS IN THIS STORY\n\n- [Advanced Transport](https:\/\/futurism.com\/category\/advanced-transport)\n- [Tesla](https:\/\/futurism.com\/category\/tesla)\n\n## Most Popular\n[College Students Losing Ability to Participate in Class Discussions Because They Offloaded Their Thinking to AI](https:\/\/futurism.com\/artificial-intelligence\/ai-college-students-homogenized)\n\nBy [Joe Wilkins](https:\/\/futurism.com\/authors\/jwilkins)\n\n[Sam Altman’s Coworkers Say He Can Barely Code and Misunderstands Basic Machine Learning Concepts](https:\/\/futurism.com\/artificial-intelligence\/sam-altman-technical-coding)\n\nBy [Joe Wilkins](https:\/\/futurism.com\/authors\/jwilkins)\n\n[We’re In Utter Disbelief About the Photos the Moon Astronauts Just Sent Back](https:\/\/futurism.com\/space\/photos-moon-astronauts-sent-back)\n\nBy [Victor Tangermann](https:\/\/futurism.com\/authors\/victor)\n\n[Elon Musk Secretly Shared His Number One Priority at Tesla and It Really Says It All](https:\/\/futurism.com\/future-society\/elon-musk-tesla-mcneill)\n\nBy [Joe Wilkins](https:\/\/futurism.com\/authors\/jwilkins)\n\n[Trump Has Call With Moon Astronauts So Awkward That They May Turn Around and Disappear Into the Void of Space](https:\/\/futurism.com\/space\/trump-call-moon-astronauts-awkward)\n\nBy [Frank Landymore](https:\/\/futurism.com\/authors\/flandymore)\n\n[Read More](https:\/\/futurism.com\/category\/advanced-transport)\n\n## More in Bitcoin\n[![Hut 8, one of the largest digital asset mining companies in North America, made a \"stalking horse bid\" to buy 4 natural gas power plants.](https:\/\/futurism.com\/wp-content\/uploads\/2023\/12\/bitcoin-miner-buying-four-power-plants.jpg?quality=85&w=768)](https:\/\/futurism.com\/the-byte\/bitcoin-miner-buying-four-power-plants)\n\n[A Bitcoin Miner Is Buying Four Entire Power Plants](https:\/\/futurism.com\/the-byte\/bitcoin-miner-buying-four-power-plants)\n\nBy [Victor Tangermann](https:\/\/futurism.com\/authors\/victor)\n\n[![Now, Tesla has reportedly offloaded 75 percent of its Bitcoin holdings, another sign that major players are starting to grow wary of a \"crypto winter.\"](https:\/\/futurism.com\/wp-content\/uploads\/2022\/07\/tesla-sells-off-bitcoin-huge-loss.jpg?quality=85&w=768)](https:\/\/futurism.com\/tesla-sells-off-bitcoin-huge-loss)\n\n[Tesla Sells Off Most of Its Bitcoin, at a Huge Loss](https:\/\/futurism.com\/tesla-sells-off-bitcoin-huge-loss)\n\nBy [Victor Tangermann](https:\/\/futurism.com\/authors\/victor)\n\n[![Gary James Harmon of Ohio was sentenced for stealing 712 Bitcoin from his brother, fellow Ohioan crypto convict Larry Dean Harmon.](https:\/\/futurism.com\/wp-content\/uploads\/2023\/05\/guy-ohio-steals-bitcoin-brother.jpg?quality=85&w=768)](https:\/\/futurism.com\/the-byte\/guy-ohio-steals-bitcoin-brother)\n\n[Guy in Ohio Steals \\$21M in Bitcoin From His Brother](https:\/\/futurism.com\/the-byte\/guy-ohio-steals-bitcoin-brother)\n\nBy [Maggie Harrison Dupré](https:\/\/futurism.com\/authors\/mharrison)\n\n[![A startup in The Netherlands is using the heat being expelled by Bitcoin mining rigs to grow tulips. Ironic, given the historical context.](https:\/\/futurism.com\/wp-content\/uploads\/2022\/12\/dutch-startup-mining-bitcoin-grow-tulips.jpg?quality=85&w=768)](https:\/\/futurism.com\/dutch-startup-mining-bitcoin-grow-tulips)\n\n[Dutch Startup Mining Bitcoin to Grow Tulips, and We Can’t Tell If They’re Joking](https:\/\/futurism.com\/dutch-startup-mining-bitcoin-grow-tulips)\n\nBy [Victor Tangermann](https:\/\/futurism.com\/authors\/victor)\n\n[![The European Central Bank is throwing some major shade at bitcoin — even as it bounces back above its low point following the FTX collapse.](https:\/\/futurism.com\/wp-content\/uploads\/2022\/12\/bitrellevant.jpg?quality=85&w=768)](https:\/\/futurism.com\/the-byte\/european-central-bank-bitcoin-last-gasp)\n\n[Europe’s Central Bank Warns That Bitcoin Is on Its “Last Gasp”](https:\/\/futurism.com\/the-byte\/european-central-bank-bitcoin-last-gasp)\n\nBy [Noor Al-Sibai](https:\/\/futurism.com\/authors\/nooralsibai)\n\n[![Blockchain woes persist. Bitcoin lost 38 percent of its value in June alone, making this past month the worst in crypto's 12 year history, CNBC reports.](https:\/\/futurism.com\/wp-content\/uploads\/2022\/07\/bitcoin-worst-month-in-its-history.jpg?quality=85&w=768)](https:\/\/futurism.com\/the-byte\/bitcoin-worst-month-in-history)\n\n[Bitcoin Just Had Its Worst Month in Crypto’s Entire History](https:\/\/futurism.com\/the-byte\/bitcoin-worst-month-in-history)\n\nBy [Maggie Harrison Dupré](https:\/\/futurism.com\/authors\/mharrison)\n\n[![Tesla Just Sold a Large Amount of the Bitcoin It Just Bought](https:\/\/futurism.com\/wp-content\/uploads\/2021\/04\/tes-prod.jpg?quality=85&w=768)](https:\/\/futurism.com\/tesla-just-sold-a-large-amount-of-the-bitcoin-it-just-bought)\n\n[Tesla Just Sold a Large Amount of the Bitcoin It Just Bought](https:\/\/futurism.com\/tesla-just-sold-a-large-amount-of-the-bitcoin-it-just-bought)\n\nBy [Victor Tangermann](https:\/\/futurism.com\/authors\/victor)\n\n[![Billionaire and CEO of Berkshire Hathaway said he wouldn't take \\$25 for all the cryptocurrency and bitcoin in the world. What happened?](https:\/\/futurism.com\/wp-content\/uploads\/2022\/05\/warren-buffet-bitcoin-crypto-scam.jpg?quality=85&w=768)](https:\/\/futurism.com\/the-byte\/warren-buffett-bitcoin-crypto-scam)\n\n[Warren Buffett Says He Wouldn’t Buy All the Bitcoin in the World for \\$25](https:\/\/futurism.com\/the-byte\/warren-buffett-bitcoin-crypto-scam)\n\nBy [Lonnie Lee Hood](https:\/\/futurism.com\/authors\/ahood)\n\n[SEE MORE](https:\/\/futurism.com\/category\/bitcoin)\n\n## More in Cryptocurrency\n[![Donald Trump's latest financial disclosure reveals something shocking: that the onetime Bitcoin hater is actually a crypto millionaire.](https:\/\/futurism.com\/wp-content\/uploads\/2024\/08\/bitrump.jpg?quality=85&w=768)](https:\/\/futurism.com\/the-byte\/trump-bitcoin-crypto-millionaire)\n\n[After Calling Crypto a “Scam,” Donald Trump Now Owns Millions in Crypto](https:\/\/futurism.com\/the-byte\/trump-bitcoin-crypto-millionaire)\n\nBy [Noor Al-Sibai](https:\/\/futurism.com\/authors\/nooralsibai)\n\n[![It's been over a year since last summer's crypto crashes, and investors who lost on the digital currencies are still licking their wounds.](https:\/\/futurism.com\/wp-content\/uploads\/2023\/09\/investor-laments-losing-crypto.jpg?quality=85&w=768)](https:\/\/futurism.com\/the-byte\/investor-laments-losing-crypto)\n\n[Amateur Investor Laments Losing \\$80,000 on Crypto](https:\/\/futurism.com\/the-byte\/investor-laments-losing-crypto)\n\nBy [Maggie Harrison Dupré](https:\/\/futurism.com\/authors\/mharrison)\n\n[![Crypto mining company Riot Platforms has revealed that it got \\$31.7 million in energy credits in August alone for limiting operations.](https:\/\/futurism.com\/wp-content\/uploads\/2023\/09\/crypto-miners-state-pay-shut-down-hot.jpg?quality=85&w=768)](https:\/\/futurism.com\/the-byte\/crypto-miners-state-pay-shut-down-hot)\n\n[Crypto Miners’ New Hustle: Get the State to Pay Them to Shut Down When It’s Hot Out](https:\/\/futurism.com\/the-byte\/crypto-miners-state-pay-shut-down-hot)\n\nBy [Victor Tangermann](https:\/\/futurism.com\/authors\/victor)\n\n[![Elon Musk is moving forward with introducing stock and crypto trading options on the app — and its denizens are calling bull. ](https:\/\/futurism.com\/wp-content\/uploads\/2023\/04\/elon-musk-twitter-etoro-crypto.jpg?quality=85&w=768)](https:\/\/futurism.com\/the-byte\/elon-musk-twitter-etoro-crypto)\n\n[Twitter Rips Into Elon Musk’s New Crypto “Ponzi Scheme”](https:\/\/futurism.com\/the-byte\/elon-musk-twitter-etoro-crypto)\n\nBy [Noor Al-Sibai](https:\/\/futurism.com\/authors\/nooralsibai)\n\n[![Nvidia has had enough. It's calling for its customers to stop mining worthless crypto and use its cards for AI instead.](https:\/\/futurism.com\/wp-content\/uploads\/2023\/03\/nvidia-stop-gpus-mine-worthless-crypto.jpg?quality=85&w=768)](https:\/\/futurism.com\/the-byte\/nvidia-stop-gpus-mine-worthless-crypto)\n\n[Nvidia Wishes People Would Stop Using Its GPUs to Mine Worthless Crypto](https:\/\/futurism.com\/the-byte\/nvidia-stop-gpus-mine-worthless-crypto)\n\nBy [Victor Tangermann](https:\/\/futurism.com\/authors\/victor)\n\n[![Tesla is technically up \\$1 billion in its Bitcoin investment, caused by Bitcoin rallying past the \\$60,000 mark this week.](https:\/\/futurism.com\/wp-content\/uploads\/2021\/10\/tesla-1-billion-bitcoin-investment.jpg?quality=85&w=768)](https:\/\/futurism.com\/the-byte\/tesla-billion-bitcoin-investment)\n\n[Tesla Is Up \\$1 Billion on Its Bitcoin Investment](https:\/\/futurism.com\/the-byte\/tesla-billion-bitcoin-investment)\n\nBy [Victor Tangermann](https:\/\/futurism.com\/authors\/victor)\n\n[![Siraj Raval has been using his 2018 Tesla Model 3 as a power source to mine ethereum and bitcoin, and has made up to \\$800 while doing so.](https:\/\/futurism.com\/wp-content\/uploads\/2022\/01\/tesla-owner-mine-crypto.jpg?quality=85&w=768)](https:\/\/futurism.com\/the-byte\/tesla-owner-mine-crypto)\n\n[Tesla Owner Says He’s Making \\$800 Per Month Using His Car to Mine Crypto](https:\/\/futurism.com\/the-byte\/tesla-owner-mine-crypto)\n\nBy [Tony Ho Tran](https:\/\/futurism.com\/authors\/ttran)\n\n[![Bill Gates really, really hates cryptocurrency, saying on Tuesday that virtual coins and their NFTs are \"100 percent based on the Greater Fool Theory.\"](https:\/\/futurism.com\/wp-content\/uploads\/2022\/06\/bill-gates-mocks-nfts-crypto.png?quality=85&w=768)](https:\/\/futurism.com\/the-byte\/bill-gates-mocks-nfts-crypto)\n\n[Bill Gates Ruthlessly Mocks NFTs as Crypto Market Collapses](https:\/\/futurism.com\/the-byte\/bill-gates-mocks-nfts-crypto)\n\nBy [Maggie Harrison Dupré](https:\/\/futurism.com\/authors\/mharrison)\n\n[SEE MORE](https:\/\/futurism.com\/category\/cryptocurrency)\n\n## More in Blockchain\n[![According to Bloomberg Opinion columnist Liam Denning, Bitcoin's drop could make a Bitcoin sale \"mighty tempting, regardless of what Musk tweeted.\"](https:\/\/futurism.com\/wp-content\/uploads\/2021\/06\/tesla-bitcoin-hoard.jpg?quality=85&w=768)](https:\/\/futurism.com\/tesla-bitcoin-hoard)\n\n[Tesla Accused of Secretly Selling Part of Bitcoin Hoard](https:\/\/futurism.com\/tesla-bitcoin-hoard)\n\nBy [Victor Tangermann](https:\/\/futurism.com\/authors\/victor)\n\n[![Has Elon Musk figured out the source of the \"Satoshi Nakamoto\" pseudonym given to Bitcoin's mysterious creator?](https:\/\/futurism.com\/wp-content\/uploads\/2022\/03\/elon-satoshi-meme.jpg?quality=85&w=768)](https:\/\/futurism.com\/the-byte\/elon-satoshi-theory)\n\n[Elon Musk Shares Galaxy-Brain Theory About Bitcoin Creator](https:\/\/futurism.com\/the-byte\/elon-satoshi-theory)\n\nBy [Noor Al-Sibai](https:\/\/futurism.com\/authors\/nooralsibai)\n\n[![Guggenheim's chief investment officer (CIO) and noted Bitcoin bear Scott Minerd expects Bitcoin to sink as low as \\$15,000, a drop of over 50 percent.](https:\/\/futurism.com\/wp-content\/uploads\/2021\/06\/expert-bitcoin-is-gonna-crash-below-15000.jpg?quality=85&w=768)](https:\/\/futurism.com\/the-byte\/expert-bitcoin-is-gonna-crash-below-15000)\n\n[Expert: Bitcoin Is Gonna Crash Below \\$15,000](https:\/\/futurism.com\/the-byte\/expert-bitcoin-is-gonna-crash-below-15000)\n\nBy [Victor Tangermann](https:\/\/futurism.com\/authors\/victor)\n\n[![At a blockchain conference today, Elon Musk revealed that \"most likely, Tesla would resume accepting Bitcoin,\" but on one condition.](https:\/\/futurism.com\/wp-content\/uploads\/2021\/07\/elon-musk-tesla-bitcoin-again.jpg?quality=85&w=768)](https:\/\/futurism.com\/elon-musk-tesla-bitcoin-again)\n\n[Oops, Elon Musk Says Tesla Might Start Taking Bitcoin Again](https:\/\/futurism.com\/elon-musk-tesla-bitcoin-again)\n\nBy [Victor Tangermann](https:\/\/futurism.com\/authors\/victor)\n\n[![Elon Musk Says Tesla Will Accept Bitcoin Again, on One Condition](https:\/\/futurism.com\/wp-content\/uploads\/2021\/06\/tessiecoin.jpg?quality=85&w=768)](https:\/\/futurism.com\/the-byte\/elon-musk-tesla-accept-bitcoin-condition)\n\n[Elon Musk Says Tesla Will Accept Bitcoin Again, on One Condition](https:\/\/futurism.com\/the-byte\/elon-musk-tesla-accept-bitcoin-condition)\n\nBy [Dan Robitzski](https:\/\/futurism.com\/authors\/danrobitzski)\n\n[![Bitcoin's value shot up above \\$39,000 for the first time in almost six weeks, a jump of almost 12 percent within the last 24 hours, according to CoinDesk.](https:\/\/futurism.com\/wp-content\/uploads\/2021\/07\/bitcoin-price-suddenly-shoots-up.jpg?quality=85&w=768)](https:\/\/futurism.com\/the-byte\/bitcoin-price-suddenly-shoots-up)\n\n[Bitcoin Price Suddenly Shoots Up](https:\/\/futurism.com\/the-byte\/bitcoin-price-suddenly-shoots-up)\n\nBy [Victor Tangermann](https:\/\/futurism.com\/authors\/victor)\n\n[![Tesla CEO Elon Musk revealed today why he supports alternative cryptocurrency Dogecoin and isn't a huge fan of Bitcoin.](https:\/\/futurism.com\/wp-content\/uploads\/2021\/12\/elon-musk-pro-doge.jpg?quality=85&w=768)](https:\/\/futurism.com\/elon-musk-pro-doge-bitcoin)\n\n[Elon Musk Explains Why He is “Pro Doge,” Not Bitcoin](https:\/\/futurism.com\/elon-musk-pro-doge-bitcoin)\n\nBy [Victor Tangermann](https:\/\/futurism.com\/authors\/victor)\n\n[![Not just Tesla is hoarding Bitcoin — SpaceX is amassing undisclosed amounts of the cryptocurrency as well, Elon Musk revealed during a conference.](https:\/\/futurism.com\/wp-content\/uploads\/2021\/07\/elon-musk-spacex-bitcoin.jpg?quality=85&w=768)](https:\/\/futurism.com\/the-byte\/elon-musk-spacex-bitcoin)\n\n[Elon Says SpaceX is Also Hoarding Bitcoin, Not Just Tesla](https:\/\/futurism.com\/the-byte\/elon-musk-spacex-bitcoin)\n\nBy [Victor Tangermann](https:\/\/futurism.com\/authors\/victor)\n\n[SEE MORE](https:\/\/futurism.com\/category\/blockchain)\n\n## More in Future Society\n[![Tesla's net profits for the fourth quarter of 2024 plunged by over 70 percent compared to the same period the year before.](https:\/\/futurism.com\/wp-content\/uploads\/2025\/01\/tesla-profits-falling-off-cliff.jpg?quality=85&w=768)](https:\/\/futurism.com\/the-byte\/tesla-profits-falling-off-cliff)\n\n[Tesla’s Profits Are Falling Off a Cliff as Elon Musk Self-Immolates](https:\/\/futurism.com\/the-byte\/tesla-profits-falling-off-cliff)\n\nBy [Frank Landymore](https:\/\/futurism.com\/authors\/flandymore)\n\n[![During a highly unusual showroom event, president Donald Trump gushed over Tesla's offerings. The stunt could end up hurting the carmaker.](https:\/\/futurism.com\/wp-content\/uploads\/2025\/03\/trumps-attempt-help-tesla-backfire.jpg?quality=85&w=768)](https:\/\/futurism.com\/trumps-attempt-help-tesla-backfire)\n\n[Trump’s Attempt to Help Tesla May Backfire Spectacularly](https:\/\/futurism.com\/trumps-attempt-help-tesla-backfire)\n\nBy [Victor Tangermann](https:\/\/futurism.com\/authors\/victor)\n\n[![Tesla's stock tumbled by almost 16 percent on Monday, driven by widespread pessimism over the EV maker's plummeting sales numbers worldwide.](https:\/\/futurism.com\/wp-content\/uploads\/2025\/03\/elon-musk-freaking-out-tesla-craters.jpg?quality=85&w=768)](https:\/\/futurism.com\/elon-musk-freaking-out-tesla-craters)\n\n[Elon Musk Freaking Out as Tesla Craters](https:\/\/futurism.com\/elon-musk-freaking-out-tesla-craters)\n\nBy [Victor Tangermann](https:\/\/futurism.com\/authors\/victor)\n\n[![Elon Musk, who spent \\$290 million on Trump's campaign, says he'll taper off political spending now that the federal government is in tatters.](https:\/\/futurism.com\/wp-content\/uploads\/2025\/05\/elon-musk-giving-up-politics.jpg?quality=85&w=768)](https:\/\/futurism.com\/elon-musk-giving-up-politics)\n\n[After Leaving the Government in Ruins, Elon Musk Says He’s Giving Up on Politics](https:\/\/futurism.com\/elon-musk-giving-up-politics)\n\nBy [Frank Landymore](https:\/\/futurism.com\/authors\/flandymore)\n\n[![The Wall Street Journal reported that Tesla board members have been looking into replacing CEO Elon Musk. Tesla denied the news vehemently.](https:\/\/futurism.com\/wp-content\/uploads\/2025\/05\/teslas-board-replace-elon-musk-denied.jpg?quality=85&w=768)](https:\/\/futurism.com\/teslas-board-replace-elon-musk-denied)\n\n[Tesla Is Extremely Upset About Reporting That Its Board Has Been Looking Into Replacing Elon Musk](https:\/\/futurism.com\/teslas-board-replace-elon-musk-denied)\n\nBy [Victor Tangermann](https:\/\/futurism.com\/authors\/victor)\n\n[![As top shareholders dump their Tesla stock, Musk is now begging the rank and file to hold onto their equity.](https:\/\/futurism.com\/wp-content\/uploads\/2025\/03\/elon-musk-staff-stocks.jpg?quality=85&w=768)](https:\/\/futurism.com\/elon-musk-staff-stocks)\n\n[Elon Musk Begs Tesla Staff Not to Sell Their Stocks](https:\/\/futurism.com\/elon-musk-staff-stocks)\n\nBy [Joe Wilkins](https:\/\/futurism.com\/authors\/jwilkins)\n\n[![the Wall Street Journal reported that Tesla quietly started looking for a replacement for CEO Elon Musk. Musk was furious at the news.](https:\/\/futurism.com\/wp-content\/uploads\/2025\/05\/elon-musk-furious-news-tesla-replace.jpg?quality=85&w=768)](https:\/\/futurism.com\/elon-musk-furious-news-tesla-replace)\n\n[Elon Musk Erupts in Rage at News That Tesla Trying to Replace Him as CEO](https:\/\/futurism.com\/elon-musk-furious-news-tesla-replace)\n\nBy [Victor Tangermann](https:\/\/futurism.com\/authors\/victor)\n\n[![It's not just progressives who've become turned off by Tesla. Even owners in red states are returning their Teslas in record numbers.](https:\/\/futurism.com\/wp-content\/uploads\/2025\/04\/elon-musk-problem-republicans-teslas.jpg?quality=85&w=768)](https:\/\/futurism.com\/elon-musk-problem-republicans-teslas)\n\n[Elon Musk Has a Huge Problem With His Republican Fans: They’re Ditching Their Teslas](https:\/\/futurism.com\/elon-musk-problem-republicans-teslas)\n\nBy [Victor Tangermann](https:\/\/futurism.com\/authors\/victor)\n\n[SEE MORE](https:\/\/futurism.com\/category\/future-society)\n\n[![](https:\/\/futurism.com\/wp-content\/uploads\/2025\/09\/futurism_6f3e15_7a2259.svg?quality=85&w=150&h=150&crop=1)](https:\/\/futurism.com\/)\n\n## Sign up to see the future, today\nCan’t-miss innovations from the bleeding edge of science and tech\n\n- [Newsletter](https:\/\/futurism.beehiiv.com\/subscribe)\n- [About Us](https:\/\/futurism.com\/about)\n- [Editorial Standards](https:\/\/futurism.com\/editorial-standards)\n- [Contacts](https:\/\/futurism.com\/contact)\n\n- [Privacy Policy](https:\/\/recurrent.io\/privacy-policy\/)\n- [Terms & Conditions](https:\/\/recurrent.io\/terms-and-conditions\/)\n- [DMCA Policy](https:\/\/futurism.com\/dmca-policy)\n- [Sitemap](https:\/\/futurism.com\/sitemap)\n\n## FOLLOW US\n- [IG](https:\/\/www.instagram.com\/futurism\/)\n- [BS](https:\/\/bsky.app\/profile\/futurism.com\/)\n- [FB](https:\/\/www.facebook.com\/futurism)\n\n### DISCLAIMER(S)\nDisclaimer(s)\n\nArticles may contain affiliate links which enable us to share in the revenue of any purchases made. Registration on or use of this site constitutes acceptance of our Terms of Service.\n\n© 2026 [Recurrent](https:\/\/recurrent.io\/). All rights reserved.\n\n- [Advanced Transport](https:\/\/futurism.com\/category\/advanced-transport)\n- [Artificial Intelligence](https:\/\/futurism.com\/category\/artificial-intelligence)\n- [Future Society](https:\/\/futurism.com\/category\/future-society)\n- [Health & Medicine](https:\/\/futurism.com\/category\/health-medicine)\n- [Robots and Machines](https:\/\/futurism.com\/category\/robots-and-machines)\n- [Science & Energy](https:\/\/futurism.com\/category\/science-energy)\n- [Space](https:\/\/futurism.com\/category\/space)","attrs_readable_markdown":"![Tesla lost out on much larger gains from its Bitcoin after unloading three quarters of its holdings in mid-2022, pretty much the worst time.](https:\/\/futurism.com\/wp-content\/uploads\/2025\/07\/tesla-sold-bitcoin-worst-moment.jpg?quality=85&w=1152)\n\n*Image: BRENDAN SMIALOWSKI\/AFP via Getty Images*\n\n## Sign up to see the future, today\nCan’t-miss innovations from the bleeding edge of science and tech\n## Horrible Timing\nTesla massively missed the mark in the second quarter of this year, [conceding this week](https:\/\/futurism.com\/elon-musk-tesla-board-fire-crazy) that its automotive revenue fell a whopping 16 percent from last year, on top of [last quarter’s financial woes](https:\/\/futurism.com\/tesla-earnings-brutal-elon-musk).\n\nAs sales continue to plummet worldwide, the Elon Musk-led EV maker could really use a lifeline in the form of billions of cash.\n\nBut as [*CNBC* reports](https:\/\/www.cnbc.com\/2025\/07\/24\/tesla-bitcoin-crypto-sale.html), its digital asset investments likely won’t be the solution.\n\nTesla boasted in its investor deck that while its Bitcoin was worth only \\$722 million in 2024, it’s spiked to \\$1.24 billion after the past year’s rally. Bigger picture, though, the company lost out on much larger gains when it unloaded three-quarters of its holdings in mid-2022, pretty much the worst time it could’ve done so.\n\nDuring the company’s Q2 earnings call in 2022, [Musk rationalized](https:\/\/www.cnbc.com\/2022\/07\/20\/tesla-converted-75percent-of-bitcoin-purchases-to-fiat-currency-in-q2-2022.html) that the company was “uncertain as to when the COVID lockdowns in China would alleviate” at the time, alluding to a [massive sales crunch in the country](https:\/\/www.cnn.com\/2022\/05\/11\/cars\/tesla-china-sales-dive-covid-lockdowns-hnk-intl) caused by the pandemic.\n\nWhile it’s unclear at what price it sold most of its Bitcoin, the token was trading at below the \\$30,000 mark by the end of that quarter — a mere quarter of what the coin is worth now.\n\n## Premature Unloading\nAccording to *CNBC*‘s calculations, the \\$936 million worth of Bitcoin the company cashed out in 2022 would be worth over \\$3.5 billion today — money that the carmaker could certainly use right now.\n\nHowever, Tesla’s woes this year aren’t the result of a global pandemic; they’re because of Musk’s leadership. The mercurial CEO has alienated huge swathes of the population with his [embrace of far-right ideologies](https:\/\/futurism.com\/musk-gambit-democrats-republicans) and [disastrous decision-making](https:\/\/futurism.com\/elon-musk-doge-dismal-failure) at the helm of the so-called Department of Government Efficiency, greatly tarnishing the brand in the process.\n\nNow that Trump is throwing his full weight behind loosening cryptocurrency regulations, part of a larger effort to enrich himself and his family, Bitcoin is booming.\n\nAnd three years later, Tesla executives — including Musk — must be kicking themselves for cashing out far too soon.\n\n**More on Bitcoin:** *[Someone Just Sold Their 2011 Bitcoin for a 17 Million Percent Profit](https:\/\/futurism.com\/someone-sold-2011-bitcoin-profit)*","meta_canonical":null}

3. Robots.txt Check

Query:

Response:

4. Spam/Ban Check

Query:

Response:

5. Seen Status Check

ℹ️ Skipped - page is already crawled

📄

INDEXABLE

✅

CRAWLED

3 hours ago

🤖

ROBOTS ALLOWED

Page Info Filters

Filter	Status	Condition	Details
HTTP status	PASS	`download_http_code = 200`	HTTP 200
Age cutoff	PASS	`download_stamp > now() - 6 MONTH`	0 months ago
History drop	PASS	`isNull(history_drop_reason)`	No drop reason
Spam/ban	PASS	`fh_dont_index != 1 AND ml_spam_score = 0`	ml_spam_score=0
Canonical	PASS	`meta_canonical IS NULL OR = '' OR = src_unparsed`	Not set

Page Details

Property	Value
URL	https://futurism.com/the-byte/tesla-sold-bitcoin-worst-moment
Last Crawled	2026-04-07 23:16:39 (3 hours ago)
First Indexed	2025-07-25 17:30:04 (8 months ago)
HTTP Status Code	200
Meta Title	Tesla Sold Its Bitcoin at Pretty Much the Worst Moment Imaginable
Meta Description	Tesla lost out on much larger gains from its Bitcoin after unloading three quarters of its holdings in mid-2022, pretty much the worst time.
Meta Canonical	null
Boilerpipe Text	Image: BRENDAN SMIALOWSKI/AFP via Getty Images Sign up to see the future, today Can’t-miss innovations from the bleeding edge of science and tech Horrible Timing Tesla massively missed the mark in the second quarter of this year, conceding this week that its automotive revenue fell a whopping 16 percent from last year, on top of last quarter’s financial woes . As sales continue to plummet worldwide, the Elon Musk-led EV maker could really use a lifeline in the form of billions of cash. But as CNBC reports , its digital asset investments likely won’t be the solution. Tesla boasted in its investor deck that while its Bitcoin was worth only $722 million in 2024, it’s spiked to $1.24 billion after the past year’s rally. Bigger picture, though, the company lost out on much larger gains when it unloaded three-quarters of its holdings in mid-2022, pretty much the worst time it could’ve done so. During the company’s Q2 earnings call in 2022, Musk rationalized that the company was “uncertain as to when the COVID lockdowns in China would alleviate” at the time, alluding to a massive sales crunch in the country caused by the pandemic. While it’s unclear at what price it sold most of its Bitcoin, the token was trading at below the $30,000 mark by the end of that quarter — a mere quarter of what the coin is worth now. Premature Unloading According to CNBC ‘s calculations, the $936 million worth of Bitcoin the company cashed out in 2022 would be worth over $3.5 billion today — money that the carmaker could certainly use right now. However, Tesla’s woes this year aren’t the result of a global pandemic; they’re because of Musk’s leadership. The mercurial CEO has alienated huge swathes of the population with his embrace of far-right ideologies and disastrous decision-making at the helm of the so-called Department of Government Efficiency, greatly tarnishing the brand in the process. Now that Trump is throwing his full weight behind loosening cryptocurrency regulations, part of a larger effort to enrich himself and his family, Bitcoin is booming. And three years later, Tesla executives — including Musk — must be kicking themselves for cashing out far too soon. More on Bitcoin: Someone Just Sold Their 2011 Bitcoin for a 17 Million Percent Profit
Markdown	[![Futurism Logo](https://futurism.com/wp-content/uploads/2025/09/futurism_6f3e15_7a2259.svg?quality=85)](https://futurism.com/) [![Futurism Logo](https://futurism.com/wp-content/uploads/2025/09/futurism_6f3e15_7a2259.svg?quality=85)](https://futurism.com/) - [AI](https://futurism.com/category/artificial-intelligence) - [Anthropic](https://futurism.com/category/anthropic) - [Ethics](https://futurism.com/category/ethics) - [Facial recognition](https://futurism.com/category/facial-recognition) - [Google](https://futurism.com/category/google) - [Machine Learning](https://futurism.com/category/machine-learning) - [Meta](https://futurism.com/category/meta) - [OpenAI](https://futurism.com/category/openai) - [xAI](https://futurism.com/category/xai) - [Society](https://futurism.com/category/future-society) - [Art](https://futurism.com/category/art) - [Blockchain](https://futurism.com/category/blockchain) - [Cybersecurity](https://futurism.com/category/cybersecurity) - [Education](https://futurism.com/category/education) - [FCC](https://futurism.com/category/fcc) - [Finance](https://futurism.com/category/finance) - [Food](https://futurism.com/category/food) - [Privacy](https://futurism.com/category/privacy) - [The Industrialists](https://futurism.com/category/the-industrialists) - [Virtual Reality](https://futurism.com/category/virtual-reality) - [Health](https://futurism.com/category/health-medicine) - [Brain](https://futurism.com/category/brain) - [Developments](https://futurism.com/category/developments) - [Genetics](https://futurism.com/category/genetics) - [Medical](https://futurism.com/category/medical) - [Prosthetics and Devices](https://futurism.com/category/prosthetics-and-devices) - [Sleep](https://futurism.com/category/sleep) - [Studies](https://futurism.com/category/studies) - [Machines](https://futurism.com/category/robots-and-machines) - [Computing](https://futurism.com/category/computing) - [Robotics](https://futurism.com/category/robotics) - [Science](https://futurism.com/category/science-energy) - [Agriculture](https://futurism.com/category/agriculture) - [Biology](https://futurism.com/category/biology) - [Chemistry](https://futurism.com/category/chemistry) - [Energy](https://futurism.com/category/energy) - [Environment](https://futurism.com/category/environment) - [Evolution](https://futurism.com/category/evolution) - [Future Materials](https://futurism.com/category/future-materials) - [Military](https://futurism.com/category/military) - [Physics](https://futurism.com/category/physics) - [Space](https://futurism.com/category/space) - [Astronomy](https://futurism.com/category/astronomy) - [Astrophysics](https://futurism.com/category/astrophysics) - [Blue Origin](https://futurism.com/category/blue-origin) - [Boeing](https://futurism.com/category/boeing) - [ESA](https://futurism.com/category/esa) - [NASA](https://futurism.com/category/nasa) - [Off-World](https://futurism.com/category/off-world) - [Space Force](https://futurism.com/category/space-force) - [SpaceX](https://futurism.com/category/spacex) - [Transport](https://futurism.com/category/advanced-transport) - [Electric Vehicles](https://futurism.com/category/electric-vehicles) - [Mass Transit](https://futurism.com/category/mass-transit) - [Self-Driving Vehicles](https://futurism.com/category/self-driving-vehicles) - [Tesla](https://futurism.com/category/tesla) - [Latest](https://futurism.com/latest) - [Newsletter](https://futurism.beehiiv.com/subscribe) - [IG](https://www.instagram.com/futurism/) - [BS](https://bsky.app/profile/futurism.com/) - [FB](https://www.facebook.com/futurism) [Future Society](https://futurism.com/category/future-society) [Blockchain](https://futurism.com/category/blockchain) [Cryptocurrency](https://futurism.com/category/cryptocurrency) [Bitcoin](https://futurism.com/category/bitcoin) Bitcoin Bust # Tesla Sold Its Bitcoin at Pretty Much the Worst Moment Imaginable Talk about a missed opportunity. ![Victor Tangermann Avatar](https://futurism.com/wp-content/uploads/2025/06/avatar_user_853_1741016486.jpg?quality=85&w=102&h=102&crop=1) By [Victor Tangermann](https://futurism.com/authors/victor) Published Jul 25, 2025 1:17 PM EDT [Add Futurism (opens in a new tab)](https://www.google.com/preferences/source?q=futurism.com) Adding us as a Preferred Source in Google by using this link indicates that you would like to see more of our content in Google News results. ![Tesla lost out on much larger gains from its Bitcoin after unloading three quarters of its holdings in mid-2022, pretty much the worst time.](https://futurism.com/wp-content/uploads/2025/07/tesla-sold-bitcoin-worst-moment.jpg?quality=85&w=1152) Image: BRENDAN SMIALOWSKI/AFP via Getty Images ## Sign up to see the future, today Can’t-miss innovations from the bleeding edge of science and tech ## Horrible Timing Tesla massively missed the mark in the second quarter of this year, [conceding this week](https://futurism.com/elon-musk-tesla-board-fire-crazy) that its automotive revenue fell a whopping 16 percent from last year, on top of [last quarter’s financial woes](https://futurism.com/tesla-earnings-brutal-elon-musk). As sales continue to plummet worldwide, the Elon Musk-led EV maker could really use a lifeline in the form of billions of cash. But as [CNBC reports](https://www.cnbc.com/2025/07/24/tesla-bitcoin-crypto-sale.html), its digital asset investments likely won’t be the solution. Tesla boasted in its investor deck that while its Bitcoin was worth only \$722 million in 2024, it’s spiked to \$1.24 billion after the past year’s rally. Bigger picture, though, the company lost out on much larger gains when it unloaded three-quarters of its holdings in mid-2022, pretty much the worst time it could’ve done so. During the company’s Q2 earnings call in 2022, [Musk rationalized](https://www.cnbc.com/2022/07/20/tesla-converted-75percent-of-bitcoin-purchases-to-fiat-currency-in-q2-2022.html) that the company was “uncertain as to when the COVID lockdowns in China would alleviate” at the time, alluding to a [massive sales crunch in the country](https://www.cnn.com/2022/05/11/cars/tesla-china-sales-dive-covid-lockdowns-hnk-intl) caused by the pandemic. While it’s unclear at what price it sold most of its Bitcoin, the token was trading at below the \$30,000 mark by the end of that quarter — a mere quarter of what the coin is worth now. ## Premature Unloading According to CNBC‘s calculations, the \$936 million worth of Bitcoin the company cashed out in 2022 would be worth over \$3.5 billion today — money that the carmaker could certainly use right now. However, Tesla’s woes this year aren’t the result of a global pandemic; they’re because of Musk’s leadership. The mercurial CEO has alienated huge swathes of the population with his [embrace of far-right ideologies](https://futurism.com/musk-gambit-democrats-republicans) and [disastrous decision-making](https://futurism.com/elon-musk-doge-dismal-failure) at the helm of the so-called Department of Government Efficiency, greatly tarnishing the brand in the process. Now that Trump is throwing his full weight behind loosening cryptocurrency regulations, part of a larger effort to enrich himself and his family, Bitcoin is booming. And three years later, Tesla executives — including Musk — must be kicking themselves for cashing out far too soon. More on Bitcoin: [Someone Just Sold Their 2011 Bitcoin for a 17 Million Percent Profit](https://futurism.com/someone-sold-2011-bitcoin-profit) [![Victor Tangermann Avatar](https://futurism.com/wp-content/uploads/2025/06/avatar_user_853_1741016486.jpg?quality=85&w=102&h=102&crop=1)](https://futurism.com/authors/victor) ## [Victor Tangermann](https://futurism.com/authors/victor) ### Senior Editor I’m a senior editor at Futurism, where I edit and write about NASA and the private space sector, as well as topics ranging from SETI and artificial intelligence to tech and medical policy. *** TAGS IN THIS STORY - [Advanced Transport](https://futurism.com/category/advanced-transport) - [Tesla](https://futurism.com/category/tesla) ## Most Popular [College Students Losing Ability to Participate in Class Discussions Because They Offloaded Their Thinking to AI](https://futurism.com/artificial-intelligence/ai-college-students-homogenized) By [Joe Wilkins](https://futurism.com/authors/jwilkins) [Sam Altman’s Coworkers Say He Can Barely Code and Misunderstands Basic Machine Learning Concepts](https://futurism.com/artificial-intelligence/sam-altman-technical-coding) By [Joe Wilkins](https://futurism.com/authors/jwilkins) [We’re In Utter Disbelief About the Photos the Moon Astronauts Just Sent Back](https://futurism.com/space/photos-moon-astronauts-sent-back) By [Victor Tangermann](https://futurism.com/authors/victor) [Elon Musk Secretly Shared His Number One Priority at Tesla and It Really Says It All](https://futurism.com/future-society/elon-musk-tesla-mcneill) By [Joe Wilkins](https://futurism.com/authors/jwilkins) [Trump Has Call With Moon Astronauts So Awkward That They May Turn Around and Disappear Into the Void of Space](https://futurism.com/space/trump-call-moon-astronauts-awkward) By [Frank Landymore](https://futurism.com/authors/flandymore) [Read More](https://futurism.com/category/advanced-transport) ## More in Bitcoin [![Hut 8, one of the largest digital asset mining companies in North America, made a "stalking horse bid" to buy 4 natural gas power plants.](https://futurism.com/wp-content/uploads/2023/12/bitcoin-miner-buying-four-power-plants.jpg?quality=85&w=768)](https://futurism.com/the-byte/bitcoin-miner-buying-four-power-plants) [A Bitcoin Miner Is Buying Four Entire Power Plants](https://futurism.com/the-byte/bitcoin-miner-buying-four-power-plants) By [Victor Tangermann](https://futurism.com/authors/victor) [![Now, Tesla has reportedly offloaded 75 percent of its Bitcoin holdings, another sign that major players are starting to grow wary of a "crypto winter."](https://futurism.com/wp-content/uploads/2022/07/tesla-sells-off-bitcoin-huge-loss.jpg?quality=85&w=768)](https://futurism.com/tesla-sells-off-bitcoin-huge-loss) [Tesla Sells Off Most of Its Bitcoin, at a Huge Loss](https://futurism.com/tesla-sells-off-bitcoin-huge-loss) By [Victor Tangermann](https://futurism.com/authors/victor) [![Gary James Harmon of Ohio was sentenced for stealing 712 Bitcoin from his brother, fellow Ohioan crypto convict Larry Dean Harmon.](https://futurism.com/wp-content/uploads/2023/05/guy-ohio-steals-bitcoin-brother.jpg?quality=85&w=768)](https://futurism.com/the-byte/guy-ohio-steals-bitcoin-brother) [Guy in Ohio Steals \$21M in Bitcoin From His Brother](https://futurism.com/the-byte/guy-ohio-steals-bitcoin-brother) By [Maggie Harrison Dupré](https://futurism.com/authors/mharrison) [![A startup in The Netherlands is using the heat being expelled by Bitcoin mining rigs to grow tulips. Ironic, given the historical context.](https://futurism.com/wp-content/uploads/2022/12/dutch-startup-mining-bitcoin-grow-tulips.jpg?quality=85&w=768)](https://futurism.com/dutch-startup-mining-bitcoin-grow-tulips) [Dutch Startup Mining Bitcoin to Grow Tulips, and We Can’t Tell If They’re Joking](https://futurism.com/dutch-startup-mining-bitcoin-grow-tulips) By [Victor Tangermann](https://futurism.com/authors/victor) [![The European Central Bank is throwing some major shade at bitcoin — even as it bounces back above its low point following the FTX collapse.](https://futurism.com/wp-content/uploads/2022/12/bitrellevant.jpg?quality=85&w=768)](https://futurism.com/the-byte/european-central-bank-bitcoin-last-gasp) [Europe’s Central Bank Warns That Bitcoin Is on Its “Last Gasp”](https://futurism.com/the-byte/european-central-bank-bitcoin-last-gasp) By [Noor Al-Sibai](https://futurism.com/authors/nooralsibai) [![Blockchain woes persist. Bitcoin lost 38 percent of its value in June alone, making this past month the worst in crypto's 12 year history, CNBC reports.](https://futurism.com/wp-content/uploads/2022/07/bitcoin-worst-month-in-its-history.jpg?quality=85&w=768)](https://futurism.com/the-byte/bitcoin-worst-month-in-history) [Bitcoin Just Had Its Worst Month in Crypto’s Entire History](https://futurism.com/the-byte/bitcoin-worst-month-in-history) By [Maggie Harrison Dupré](https://futurism.com/authors/mharrison) [![Tesla Just Sold a Large Amount of the Bitcoin It Just Bought](https://futurism.com/wp-content/uploads/2021/04/tes-prod.jpg?quality=85&w=768)](https://futurism.com/tesla-just-sold-a-large-amount-of-the-bitcoin-it-just-bought) [Tesla Just Sold a Large Amount of the Bitcoin It Just Bought](https://futurism.com/tesla-just-sold-a-large-amount-of-the-bitcoin-it-just-bought) By [Victor Tangermann](https://futurism.com/authors/victor) [![Billionaire and CEO of Berkshire Hathaway said he wouldn't take \$25 for all the cryptocurrency and bitcoin in the world. What happened?](https://futurism.com/wp-content/uploads/2022/05/warren-buffet-bitcoin-crypto-scam.jpg?quality=85&w=768)](https://futurism.com/the-byte/warren-buffett-bitcoin-crypto-scam) [Warren Buffett Says He Wouldn’t Buy All the Bitcoin in the World for \$25](https://futurism.com/the-byte/warren-buffett-bitcoin-crypto-scam) By [Lonnie Lee Hood](https://futurism.com/authors/ahood) [SEE MORE](https://futurism.com/category/bitcoin) ## More in Cryptocurrency [![Donald Trump's latest financial disclosure reveals something shocking: that the onetime Bitcoin hater is actually a crypto millionaire.](https://futurism.com/wp-content/uploads/2024/08/bitrump.jpg?quality=85&w=768)](https://futurism.com/the-byte/trump-bitcoin-crypto-millionaire) [After Calling Crypto a “Scam,” Donald Trump Now Owns Millions in Crypto](https://futurism.com/the-byte/trump-bitcoin-crypto-millionaire) By [Noor Al-Sibai](https://futurism.com/authors/nooralsibai) [![It's been over a year since last summer's crypto crashes, and investors who lost on the digital currencies are still licking their wounds.](https://futurism.com/wp-content/uploads/2023/09/investor-laments-losing-crypto.jpg?quality=85&w=768)](https://futurism.com/the-byte/investor-laments-losing-crypto) [Amateur Investor Laments Losing \$80,000 on Crypto](https://futurism.com/the-byte/investor-laments-losing-crypto) By [Maggie Harrison Dupré](https://futurism.com/authors/mharrison) [![Crypto mining company Riot Platforms has revealed that it got \$31.7 million in energy credits in August alone for limiting operations.](https://futurism.com/wp-content/uploads/2023/09/crypto-miners-state-pay-shut-down-hot.jpg?quality=85&w=768)](https://futurism.com/the-byte/crypto-miners-state-pay-shut-down-hot) [Crypto Miners’ New Hustle: Get the State to Pay Them to Shut Down When It’s Hot Out](https://futurism.com/the-byte/crypto-miners-state-pay-shut-down-hot) By [Victor Tangermann](https://futurism.com/authors/victor) [![Elon Musk is moving forward with introducing stock and crypto trading options on the app — and its denizens are calling bull. ](https://futurism.com/wp-content/uploads/2023/04/elon-musk-twitter-etoro-crypto.jpg?quality=85&w=768)](https://futurism.com/the-byte/elon-musk-twitter-etoro-crypto) [Twitter Rips Into Elon Musk’s New Crypto “Ponzi Scheme”](https://futurism.com/the-byte/elon-musk-twitter-etoro-crypto) By [Noor Al-Sibai](https://futurism.com/authors/nooralsibai) [![Nvidia has had enough. It's calling for its customers to stop mining worthless crypto and use its cards for AI instead.](https://futurism.com/wp-content/uploads/2023/03/nvidia-stop-gpus-mine-worthless-crypto.jpg?quality=85&w=768)](https://futurism.com/the-byte/nvidia-stop-gpus-mine-worthless-crypto) [Nvidia Wishes People Would Stop Using Its GPUs to Mine Worthless Crypto](https://futurism.com/the-byte/nvidia-stop-gpus-mine-worthless-crypto) By [Victor Tangermann](https://futurism.com/authors/victor) [![Tesla is technically up \$1 billion in its Bitcoin investment, caused by Bitcoin rallying past the \$60,000 mark this week.](https://futurism.com/wp-content/uploads/2021/10/tesla-1-billion-bitcoin-investment.jpg?quality=85&w=768)](https://futurism.com/the-byte/tesla-billion-bitcoin-investment) [Tesla Is Up \$1 Billion on Its Bitcoin Investment](https://futurism.com/the-byte/tesla-billion-bitcoin-investment) By [Victor Tangermann](https://futurism.com/authors/victor) [![Siraj Raval has been using his 2018 Tesla Model 3 as a power source to mine ethereum and bitcoin, and has made up to \$800 while doing so.](https://futurism.com/wp-content/uploads/2022/01/tesla-owner-mine-crypto.jpg?quality=85&w=768)](https://futurism.com/the-byte/tesla-owner-mine-crypto) [Tesla Owner Says He’s Making \$800 Per Month Using His Car to Mine Crypto](https://futurism.com/the-byte/tesla-owner-mine-crypto) By [Tony Ho Tran](https://futurism.com/authors/ttran) [![Bill Gates really, really hates cryptocurrency, saying on Tuesday that virtual coins and their NFTs are "100 percent based on the Greater Fool Theory."](https://futurism.com/wp-content/uploads/2022/06/bill-gates-mocks-nfts-crypto.png?quality=85&w=768)](https://futurism.com/the-byte/bill-gates-mocks-nfts-crypto) [Bill Gates Ruthlessly Mocks NFTs as Crypto Market Collapses](https://futurism.com/the-byte/bill-gates-mocks-nfts-crypto) By [Maggie Harrison Dupré](https://futurism.com/authors/mharrison) [SEE MORE](https://futurism.com/category/cryptocurrency) ## More in Blockchain [![According to Bloomberg Opinion columnist Liam Denning, Bitcoin's drop could make a Bitcoin sale "mighty tempting, regardless of what Musk tweeted."](https://futurism.com/wp-content/uploads/2021/06/tesla-bitcoin-hoard.jpg?quality=85&w=768)](https://futurism.com/tesla-bitcoin-hoard) [Tesla Accused of Secretly Selling Part of Bitcoin Hoard](https://futurism.com/tesla-bitcoin-hoard) By [Victor Tangermann](https://futurism.com/authors/victor) [![Has Elon Musk figured out the source of the "Satoshi Nakamoto" pseudonym given to Bitcoin's mysterious creator?](https://futurism.com/wp-content/uploads/2022/03/elon-satoshi-meme.jpg?quality=85&w=768)](https://futurism.com/the-byte/elon-satoshi-theory) [Elon Musk Shares Galaxy-Brain Theory About Bitcoin Creator](https://futurism.com/the-byte/elon-satoshi-theory) By [Noor Al-Sibai](https://futurism.com/authors/nooralsibai) [![Guggenheim's chief investment officer (CIO) and noted Bitcoin bear Scott Minerd expects Bitcoin to sink as low as \$15,000, a drop of over 50 percent.](https://futurism.com/wp-content/uploads/2021/06/expert-bitcoin-is-gonna-crash-below-15000.jpg?quality=85&w=768)](https://futurism.com/the-byte/expert-bitcoin-is-gonna-crash-below-15000) [Expert: Bitcoin Is Gonna Crash Below \$15,000](https://futurism.com/the-byte/expert-bitcoin-is-gonna-crash-below-15000) By [Victor Tangermann](https://futurism.com/authors/victor) [![At a blockchain conference today, Elon Musk revealed that "most likely, Tesla would resume accepting Bitcoin," but on one condition.](https://futurism.com/wp-content/uploads/2021/07/elon-musk-tesla-bitcoin-again.jpg?quality=85&w=768)](https://futurism.com/elon-musk-tesla-bitcoin-again) [Oops, Elon Musk Says Tesla Might Start Taking Bitcoin Again](https://futurism.com/elon-musk-tesla-bitcoin-again) By [Victor Tangermann](https://futurism.com/authors/victor) [![Elon Musk Says Tesla Will Accept Bitcoin Again, on One Condition](https://futurism.com/wp-content/uploads/2021/06/tessiecoin.jpg?quality=85&w=768)](https://futurism.com/the-byte/elon-musk-tesla-accept-bitcoin-condition) [Elon Musk Says Tesla Will Accept Bitcoin Again, on One Condition](https://futurism.com/the-byte/elon-musk-tesla-accept-bitcoin-condition) By [Dan Robitzski](https://futurism.com/authors/danrobitzski) [![Bitcoin's value shot up above \$39,000 for the first time in almost six weeks, a jump of almost 12 percent within the last 24 hours, according to CoinDesk.](https://futurism.com/wp-content/uploads/2021/07/bitcoin-price-suddenly-shoots-up.jpg?quality=85&w=768)](https://futurism.com/the-byte/bitcoin-price-suddenly-shoots-up) [Bitcoin Price Suddenly Shoots Up](https://futurism.com/the-byte/bitcoin-price-suddenly-shoots-up) By [Victor Tangermann](https://futurism.com/authors/victor) [![Tesla CEO Elon Musk revealed today why he supports alternative cryptocurrency Dogecoin and isn't a huge fan of Bitcoin.](https://futurism.com/wp-content/uploads/2021/12/elon-musk-pro-doge.jpg?quality=85&w=768)](https://futurism.com/elon-musk-pro-doge-bitcoin) [Elon Musk Explains Why He is “Pro Doge,” Not Bitcoin](https://futurism.com/elon-musk-pro-doge-bitcoin) By [Victor Tangermann](https://futurism.com/authors/victor) [![Not just Tesla is hoarding Bitcoin — SpaceX is amassing undisclosed amounts of the cryptocurrency as well, Elon Musk revealed during a conference.](https://futurism.com/wp-content/uploads/2021/07/elon-musk-spacex-bitcoin.jpg?quality=85&w=768)](https://futurism.com/the-byte/elon-musk-spacex-bitcoin) [Elon Says SpaceX is Also Hoarding Bitcoin, Not Just Tesla](https://futurism.com/the-byte/elon-musk-spacex-bitcoin) By [Victor Tangermann](https://futurism.com/authors/victor) [SEE MORE](https://futurism.com/category/blockchain) ## More in Future Society [![Tesla's net profits for the fourth quarter of 2024 plunged by over 70 percent compared to the same period the year before.](https://futurism.com/wp-content/uploads/2025/01/tesla-profits-falling-off-cliff.jpg?quality=85&w=768)](https://futurism.com/the-byte/tesla-profits-falling-off-cliff) [Tesla’s Profits Are Falling Off a Cliff as Elon Musk Self-Immolates](https://futurism.com/the-byte/tesla-profits-falling-off-cliff) By [Frank Landymore](https://futurism.com/authors/flandymore) [![During a highly unusual showroom event, president Donald Trump gushed over Tesla's offerings. The stunt could end up hurting the carmaker.](https://futurism.com/wp-content/uploads/2025/03/trumps-attempt-help-tesla-backfire.jpg?quality=85&w=768)](https://futurism.com/trumps-attempt-help-tesla-backfire) [Trump’s Attempt to Help Tesla May Backfire Spectacularly](https://futurism.com/trumps-attempt-help-tesla-backfire) By [Victor Tangermann](https://futurism.com/authors/victor) [![Tesla's stock tumbled by almost 16 percent on Monday, driven by widespread pessimism over the EV maker's plummeting sales numbers worldwide.](https://futurism.com/wp-content/uploads/2025/03/elon-musk-freaking-out-tesla-craters.jpg?quality=85&w=768)](https://futurism.com/elon-musk-freaking-out-tesla-craters) [Elon Musk Freaking Out as Tesla Craters](https://futurism.com/elon-musk-freaking-out-tesla-craters) By [Victor Tangermann](https://futurism.com/authors/victor) [![Elon Musk, who spent \$290 million on Trump's campaign, says he'll taper off political spending now that the federal government is in tatters.](https://futurism.com/wp-content/uploads/2025/05/elon-musk-giving-up-politics.jpg?quality=85&w=768)](https://futurism.com/elon-musk-giving-up-politics) [After Leaving the Government in Ruins, Elon Musk Says He’s Giving Up on Politics](https://futurism.com/elon-musk-giving-up-politics) By [Frank Landymore](https://futurism.com/authors/flandymore) [![The Wall Street Journal reported that Tesla board members have been looking into replacing CEO Elon Musk. Tesla denied the news vehemently.](https://futurism.com/wp-content/uploads/2025/05/teslas-board-replace-elon-musk-denied.jpg?quality=85&w=768)](https://futurism.com/teslas-board-replace-elon-musk-denied) [Tesla Is Extremely Upset About Reporting That Its Board Has Been Looking Into Replacing Elon Musk](https://futurism.com/teslas-board-replace-elon-musk-denied) By [Victor Tangermann](https://futurism.com/authors/victor) [![As top shareholders dump their Tesla stock, Musk is now begging the rank and file to hold onto their equity.](https://futurism.com/wp-content/uploads/2025/03/elon-musk-staff-stocks.jpg?quality=85&w=768)](https://futurism.com/elon-musk-staff-stocks) [Elon Musk Begs Tesla Staff Not to Sell Their Stocks](https://futurism.com/elon-musk-staff-stocks) By [Joe Wilkins](https://futurism.com/authors/jwilkins) [![the Wall Street Journal reported that Tesla quietly started looking for a replacement for CEO Elon Musk. Musk was furious at the news.](https://futurism.com/wp-content/uploads/2025/05/elon-musk-furious-news-tesla-replace.jpg?quality=85&w=768)](https://futurism.com/elon-musk-furious-news-tesla-replace) [Elon Musk Erupts in Rage at News That Tesla Trying to Replace Him as CEO](https://futurism.com/elon-musk-furious-news-tesla-replace) By [Victor Tangermann](https://futurism.com/authors/victor) [![It's not just progressives who've become turned off by Tesla. Even owners in red states are returning their Teslas in record numbers.](https://futurism.com/wp-content/uploads/2025/04/elon-musk-problem-republicans-teslas.jpg?quality=85&w=768)](https://futurism.com/elon-musk-problem-republicans-teslas) [Elon Musk Has a Huge Problem With His Republican Fans: They’re Ditching Their Teslas](https://futurism.com/elon-musk-problem-republicans-teslas) By [Victor Tangermann](https://futurism.com/authors/victor) [SEE MORE](https://futurism.com/category/future-society) [![](https://futurism.com/wp-content/uploads/2025/09/futurism_6f3e15_7a2259.svg?quality=85&w=150&h=150&crop=1)](https://futurism.com/) ## Sign up to see the future, today Can’t-miss innovations from the bleeding edge of science and tech - [Newsletter](https://futurism.beehiiv.com/subscribe) - [About Us](https://futurism.com/about) - [Editorial Standards](https://futurism.com/editorial-standards) - [Contacts](https://futurism.com/contact) - [Privacy Policy](https://recurrent.io/privacy-policy/) - [Terms & Conditions](https://recurrent.io/terms-and-conditions/) - [DMCA Policy](https://futurism.com/dmca-policy) - [Sitemap](https://futurism.com/sitemap) ## FOLLOW US - [IG](https://www.instagram.com/futurism/) - [BS](https://bsky.app/profile/futurism.com/) - [FB](https://www.facebook.com/futurism) ### DISCLAIMER(S) Disclaimer(s) Articles may contain affiliate links which enable us to share in the revenue of any purchases made. Registration on or use of this site constitutes acceptance of our Terms of Service. © 2026 [Recurrent](https://recurrent.io/). All rights reserved. - [Advanced Transport](https://futurism.com/category/advanced-transport) - [Artificial Intelligence](https://futurism.com/category/artificial-intelligence) - [Future Society](https://futurism.com/category/future-society) - [Health & Medicine](https://futurism.com/category/health-medicine) - [Robots and Machines](https://futurism.com/category/robots-and-machines) - [Science & Energy](https://futurism.com/category/science-energy) - [Space](https://futurism.com/category/space)
Readable Markdown	![Tesla lost out on much larger gains from its Bitcoin after unloading three quarters of its holdings in mid-2022, pretty much the worst time.](https://futurism.com/wp-content/uploads/2025/07/tesla-sold-bitcoin-worst-moment.jpg?quality=85&w=1152) Image: BRENDAN SMIALOWSKI/AFP via Getty Images ## Sign up to see the future, today Can’t-miss innovations from the bleeding edge of science and tech ## Horrible Timing Tesla massively missed the mark in the second quarter of this year, [conceding this week](https://futurism.com/elon-musk-tesla-board-fire-crazy) that its automotive revenue fell a whopping 16 percent from last year, on top of [last quarter’s financial woes](https://futurism.com/tesla-earnings-brutal-elon-musk). As sales continue to plummet worldwide, the Elon Musk-led EV maker could really use a lifeline in the form of billions of cash. But as [CNBC reports](https://www.cnbc.com/2025/07/24/tesla-bitcoin-crypto-sale.html), its digital asset investments likely won’t be the solution. Tesla boasted in its investor deck that while its Bitcoin was worth only \$722 million in 2024, it’s spiked to \$1.24 billion after the past year’s rally. Bigger picture, though, the company lost out on much larger gains when it unloaded three-quarters of its holdings in mid-2022, pretty much the worst time it could’ve done so. During the company’s Q2 earnings call in 2022, [Musk rationalized](https://www.cnbc.com/2022/07/20/tesla-converted-75percent-of-bitcoin-purchases-to-fiat-currency-in-q2-2022.html) that the company was “uncertain as to when the COVID lockdowns in China would alleviate” at the time, alluding to a [massive sales crunch in the country](https://www.cnn.com/2022/05/11/cars/tesla-china-sales-dive-covid-lockdowns-hnk-intl) caused by the pandemic. While it’s unclear at what price it sold most of its Bitcoin, the token was trading at below the \$30,000 mark by the end of that quarter — a mere quarter of what the coin is worth now. ## Premature Unloading According to CNBC‘s calculations, the \$936 million worth of Bitcoin the company cashed out in 2022 would be worth over \$3.5 billion today — money that the carmaker could certainly use right now. However, Tesla’s woes this year aren’t the result of a global pandemic; they’re because of Musk’s leadership. The mercurial CEO has alienated huge swathes of the population with his [embrace of far-right ideologies](https://futurism.com/musk-gambit-democrats-republicans) and [disastrous decision-making](https://futurism.com/elon-musk-doge-dismal-failure) at the helm of the so-called Department of Government Efficiency, greatly tarnishing the brand in the process. Now that Trump is throwing his full weight behind loosening cryptocurrency regulations, part of a larger effort to enrich himself and his family, Bitcoin is booming. And three years later, Tesla executives — including Musk — must be kicking themselves for cashing out far too soon. More on Bitcoin: [Someone Just Sold Their 2011 Bitcoin for a 17 Million Percent Profit](https://futurism.com/someone-sold-2011-bitcoin-profit)
Shard	172 (laksa)
Root Hash	5663751245577307572
Unparsed URL	com,futurism!/the-byte/tesla-sold-bitcoin-worst-moment s443