Tesla believes in the potential of digital assets, as the SEC submission reveals
Tesla believes in the potential of digital assets, as the SEC submission reveals
- Tesla leaves the door open for further cryptocurrency investments in the future
- The submission does not mention whether or when the company accepts payments in the form of digital assets
After months of mixed messages of his CEO, the electric car company Tesla took a more decisive attitude and decided to leave the door open for further investments in digital assets, as a recently submitted submission shows.
"We believe in the long -term potential of digital assets as an investment as well as a liquid alternative to cash", says Tesla's quarterly report Sec-to submit .
Tesla reported an inventory of digital assets of $ 1.26 billion in the first quarter
The hate love of Tesla CEO Elon Musk for cryptocurrencies has been on the public stage for over a year. in March 2021, one month after Teslas Bitcoin purchase, Musk announced via Twitter that the company would accept Bitcoin as a means of payment. Less than two months later, also in a tweet, Musk contradicted his previous statement and revealed that Tesla Bitcoin would not accept due to the environmental impact of cryptocurrency. in July 2021, Musk made it clear that if the Bitcoin mining moves in a sustainable direction, he would consider adding it as a payment method. In October, the company confirmed that it left the door open for crypto payments SEC-Environment . Musk has long been interested in another cryptocurrency - the so -called meme coin dogecoins. Tesla now accepts payments in Dogecoin on his Online shop for selected articles, although no income from Dogecoin payments were listed in the result report. "As with any investment and in accordance with the way we manage Fiat-based cash and payment-agent equivalent accounts, we can increase our stocks at digital assets at any time, based on the needs of the company and in our assessment of the market and environmental conditions," says the quarterly submission. . . The contribution Tesla "Believes in the Potential of Digital Assets", Sec filing revals is not a financial advice.