Tesla lost out on billions of dollars by dumping Bitcoin at worst time

Tesla dumped 75% of its Bitcoin holdings at one of the worst possible times – losing out on billions of dollars in gains.Bitcoin has been trading at near record prices and gained 80% over the past year, pushing digital assets owned by the automaker to a valuation of $1.24 billion.That’s far above the $722 million they were worth this time last year. 3 Tesla dumped 75% of its Bitcoin holdings at one of the worst possible times. REUTERSBut Tesla sold 75% of its holdings in mid-2022, when the digital currenc ...