[NEW] Tesla's Bitcoin holdings remain unchanged; Musk comments on voting rights

It has been revealed that Tesla, the electric car manufacturer led by Elon Musk, continues to hold Bitcoin (BTC). This was revealed following the company's fourth quarter 2023 financial report.

Tesla did not mention Bitcoin in its financial report, which suggests that it did not buy or sell Bitcoin in the fourth quarter.

According to Bitcoin Treasuries, Tesla holds 9,720 BTC (equivalent to approximately 59.7 billion yen) in financial assets, making it the third largest company in Bitcoin holdings. In first place is Microstrategy, which holds 189,150 BTC.

Tesla last sold Bitcoin in the second quarter of 2022. Due to the impact of the spread of the new coronavirus, the company sold $936 million worth of Bitcoin to secure funds for the company.

Tesla posted total sales of $25.2 billion in the fourth quarter, up 3% from the same period last year. The company reported earnings of 71 cents per share, below the 74 cents expected by market analysts. The company's net income rose to $7.9 billion from $3.7 billion in the same period last year.

Talking about converting to dual-class stock

At the earnings conference, Musk was asked about his ideal idea of ​​owning 25% of Tesla shares and having voting power, and suggested the possibility of converting to "dual-class stock" with multiple voting power per share. "We've faced a lot of challenges with shareholder services for institutional investors. I want to have enough power to have influence. If we could achieve dual-class stock, that would be ideal," he said.

Musk's current AI company x.AI and its humanoid robot "Optimus" are at a critical turning point. Musk said that Optimus "could be worth far more to Tesla than everything else combined."

Furthermore, there was no mention of making X (formerly Twitter) an all-purpose app, and so far there seems to be no significant progress. On the 10th, Musk announced that he would aim to strengthen the company's financial position in the first half of this year.

Reference:Announcement
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