Tesla’s $17 Billion Bitcoin Blunder 🤑

Imagine a world where Tesla never broke up with Bitcoin. According to Tomas Grief, Chief Product Officer at Brainns, the EV giant could have amassed a casual 160,000 BTC, now worth over $17 billion — simply by accepting just 2% of its car sales in Bitcoin since 2021. No big deal, right? 🤑

To put that into perspective, that stash would now be nearly half of Tesla’s total profits since 2021. Yeah, that’s a pretty big “what if.” 🤯

Tesla’s Bitcoin Breakup

On May 12, 2021, Elon Musk stunned the crypto world with a tweet that was basically the Bitcoin equivalent of a breakup text: “Cryptocurrency is a good idea on many levels… but this cannot come at great cost to the environment.” 💔

“Cryptocurrency is a good idea on many levels… but this cannot come at great cost to the environment.”

He added that Tesla wouldn’t sell its BTC and would reconsider transactions when mining became more sustainable. Because, you know, the environment matters… unless you’re flying to Mars on a SpaceX rocket. 🚀

The $17 Billion Question

In a post on X, Tomas Grief shared a mind-blowing projection: If just 2% of Tesla’s sales since 2021 had been in Bitcoin — and the company held onto the BTC — Tesla would now own around 160,000 BTC. That’s a lot of Bitcoin. 🤯

On May 12, 2021 (the day Tesla paused BTC payments), Bitcoin was $56,667
In just 11 days, BTC dropped nearly 39% after the announcement. Yikes. 😬
Today, Bitcoin trades around $108,826, up 88.9% year-over-year. Not bad, Bitcoin. Not bad. 🤑
That 160,000 BTC stash would now be worth over $17 billion. Yeah, that’s a pretty big “what if.” 🤯

To put it in perspective: Tesla has made about $40 billion in profits since 2021. That means their potential BTC stash would have equaled 42.5% of total profit. That’s like finding out your ex is now a millionaire. 😂

Why Tesla Broke Up with Bitcoin

Musk’s decision came amid rising scrutiny of Bitcoin’s environmental impact:

High energy consumption, mostly from fossil fuels. Not great for the planet. 🌎
Significant carbon emissions and electronic waste. Yeah, that’s not great either. 🚮
Concerns about water and land usage. Because, you know, we need those things to survive. 💧

While Bitcoin mining is slowly shifting towards renewables, these sustainability issues remain unresolved, making the tech community divided on its long-term viability. It’s like the Bitcoin community is stuck in a bad relationship. 😂

Also Read: Is the Bitcoin Bull Run Over or Just Getting Started?

Will Tesla Get Back Together with Bitcoin?

As of now, Tesla has not resumed BTC payments for its vehicles. But Elon Musk’s recent comments hint at a renewed interest in crypto:

His new political group, the “America Party,” will accept Bitcoin donations. Because, you know, politics and crypto go hand in hand. 🤣
He recently posted that “fiat is hopeless” on X. Yeah, that’s not subtle at all. 😂

Still, these remarks are personal and not official corporate decisions from Tesla Inc. But hey, a girl can dream, right? 💕

Stay Ahead of the Crypto Game! 🤑

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FAQs

How much Bitcoin does Tesla currently hold?

As of July 09, 2025, Tesla holds 11,509 BTC, valued at over $1.26 billion at current prices. Not bad, Tesla. Not bad. 🤑

Will Tesla accept Bitcoin again in the future?

Tesla hasn’t resumed BTC payments, but Elon Musk’s recent pro-crypto comments hint at a possible future reconsideration. Fingers crossed! 🤞

What impact did Tesla’s Bitcoin decision have on the crypto market?

After Tesla halted BTC payments in May 2021, Bitcoin’s price dropped nearly 39% within 11 days, triggering broader market declines. Yeah, that was a big deal. 😬

2025-07-09 15:25