Elon Musk’s Tesla Could Have Earned $17 Billion from Bitcoin, Here’s What Went Wrong
2025-07-09 12:10:02
Main Idea
Tesla could have accumulated 160,000 BTC, now worth over $17 billion, if it had continued accepting Bitcoin for 2% of its car sales since 2021, but it paused due to environmental concerns.
Key Points
1. Tesla suspended Bitcoin payments for vehicle purchases on May 12, 2021, citing environmental concerns.
2. If Tesla had accepted Bitcoin for just 2% of its sales since 2021 and held onto it, the company would now own around 160,000 BTC, worth over $17 billion.
3. Bitcoin's price dropped nearly 39% within 11 days after Tesla's announcement but has since risen to around $108,826, up 88.9% year-over-year.
4. Tesla currently holds 11,509 BTC, valued at over $1.26 billion as of July 09, 2025.
5. Elon Musk's recent pro-crypto comments and new accounting rule changes have sparked speculation about Tesla possibly reconsidering Bitcoin payments in the future.
Description
The post Elon Musk’s Tesla Could Have Earned $17 Billion from Bitcoin, Here’s What Went Wrong appeared first on Coinpedia Fintech News What if Tesla never stopped accepting Bitcoin? According to Tomas Grief, Chief Product Officer at Brainns, the EV giant could have amassed 160,000 BTC, now worth over $17 billion — simply by accepting just 2% of its car sales in Bitcoin since 2021. That stash would now be nearly half of Tesla’s total profits since 2021. Tesla’s $17 Billion What-If Scenario On May...
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