The price of Bitcoin has grown by over 50% since Tesla sold approximately $1 billion worth of BTC in July 2022. Tesla made a profit of $64 million from the sale, which accounted for 75% of its remaining reserves. However, the company still holds on to its remaining BTC, which is currently worth around $330 million, despite sitting at bear-market lows of around $16,000 in Q4 2022. Tesla has made roughly $165 million in profit from two separate Bitcoin sales, but currently sits atop an unrealized loss of around $56.6 million on its remaining BTC holdings, with a net profit to date of around $108 million. Analysts estimate that Tesla's free cash flow in Q1/2023 would be nearly $2 billion, reducing the chances of further significant Bitcoin sales in the near term.

(By YASHU GOLA)