"Mister Musk" Tesla's Q4 profit hits record high! No more selling Bitcoin, takes $34 million hit

Tesla, which once accepted Bitcoin as payment for cars, sold 75% of its Bitcoin holdings in the second quarter of 2022, causing a stir in the cryptocurrency market. It did not sell any in the third quarter, with the value of its Bitcoin holdings at $218 million. Recently, in its fourth-quarter financial report, Tesla did not sell any Bitcoin, but the value of its Bitcoin holdings decreased by $34 million by December 31.

Elon Musk Calls Himself "Mr. Tweet" on Twitter, Criticized for Lack of Focus on Core Business

Founder Elon Musk's acquisition of Twitter in 2022 has become one of the hottest events in the cryptocurrency circle. However, due to the underperformance of Tesla's stock, Musk's net worth has plummeted by billions of dollars, leading some shareholders to suggest that Musk should step down from his role at Twitter due to his excessive focus on Twitter affairs. Musk has even initiated an investigation into this matter. Nevertheless, judging from the performance in the fourth quarter, shareholders may allow Musk to continue his involvement with Twitter for a while longer.

Musk frequently discusses Twitter features in his posts. Today, on the 26th, he stated that he changed his Twitter handle to "Mr. Tweet," although Twitter did not allow him to change it back.