TechFlow news: Tesla has released its Q2 2024 earnings report, reporting total revenue of $25.5 billion, exceeding the expected $24.63 billion; net profit was $1.5 billion, with free cash flow of $1.34 billion.
Tesla has now gone eight consecutive quarters without buying or selling Bitcoin, currently holding 9,720 BTC at a cost of approximately $337 million. The last time Tesla reduced its Bitcoin holdings was in Q2 2022, when it sold 75% of its position and received $936 million.
Elon Musk announced that the launch date for the Robotaxi autonomous taxi service has been postponed from August 8 to October 10.
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