Tesla Loss of $170 million in Bitcoin Investment Go Trading Asia


Source: gotradingasia.com gotradingasia.com

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Tesla announced that the damage loss in the first half of this year due to Bitcoin holdings amounted to $170 million. According to the Wall Street Journal (WSJ) on the 25th (local time), Tesla said in a report submitted to the U.S. Securities and Exchange Commission (SEC) that it recorded the bitcoin loss due to the handling of damage losses of virtual currency classified as intangible assets. For tangible and intangible assets, if the recoverable amount is significantly less than the carrying amount due to the obsolescence of the asset or a decline in market value, the difference is treated...