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Tesla still only accepts Doge as crypto payment despite not holding any

The Dogecoin-friendly electric car manufacturer released yesterday its quarterly report for the last quarter of 2022 as well as for the full year. Despite its stock dipping 68% over the year 2022, Tesla registered positive figures, with revenues growing 37% year-on-year for the last quarter. Although the company only accepts Dogecoin for payments in crypto assets, the Dogecoin holdings of the car manufacturer stayed null, while it kept all of its Bitcoin in the last quarter. The most recent sale of BTC by Elon Musk’s firm happened in the second quarter, when it sold, at a loss 75% of its BTC holdings, thus adding $936 million in liquidity to its balance sheet.
Tesla had removed Bitcoin from its supported crypto in May 2021 following pressure from ESG lobby for its impact on the environment.

The drop in the prices of digital assets had caused Elon Musk to lose an estimate of $200 billion in net worth in 2022. Tesla remains the second largest company holding BTC.

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Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.
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