Tesla's Q3 2024 earnings report, released on October 23, revealed that the company has not sold any of its $184 million in Bitcoin holdings during the quarter and has maintained this stance for five consecutive quarters. The report indicated that Tesla's automotive sales saw a slight decline from Q2 2024, while leases experienced a minor increase. Tesla's revenue for Q3 was over $25.18 billion, a small decrease from approximately $25.5 billion in Q2, but net income rose significantly to about $2.18 billion, up from $1.5 billion in the previous quarter. The Bitcoin holdings believed to be under Tesla’s control were reported to total 11,509 BTC, approximately valued at $750 million. This has raised questions regarding the extent of Tesla's cryptocurrency holdings amidst evolving investor sentiments, especially following the reveal of their new Cybercab, which did not meet investor expectations, causing a drop in Tesla stock.

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