Tesla has reported for the second fiscal quarter of 2022.

The depreciation of the review appeared on the automaker’s profits. Therefore, it was decided to convert 75% of the available cryptocurrencies into fiat currency, which added $936 million to the company’s balance sheet.

It is noted that Tesla had to determine the period for ending pandemic restrictions in China. For this reason, it is necessary to have a “cushion” due to the presence of circumstances for the occurrence of circumstances. Elon Musk personally stated that such a step should not be regarded as a sentence of consideration, the company will invest in it in the future.

Tesla’s earnings topped target; Musk says high prices could hurt demand

On Wednesday, Tesla reported a smaller-than-expected drop in quarterly earnings, helped by a series of price hikes on its vehicles that Elon Musk later said were “unbelievably high” and could hurt demand.


Source: Iphones RU

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