barrons.com
Tesla continued to hold onto its digital assets through the depths of a brutal bear market, with the electric-vehicle maker recording a write-down on its Bitcoin holdings after a turbulent fourth quarter. Elon Musk’s company shows no signs of selling.
Tesla (ticker: TSLA) wrote down the value of its digital assets to $184 million in the fourth quarter, a decline from $218 million in the third quarter. The price of Bitcoin fell to $16,500 by the end of December from around $19,500 at the close of September.