How about it?IntersectionTesla received another SEC subpoena, and Musk became a Bitcoin "deserter". How much did this time?

A few days ago, Tesla disclosed in the second quarter's financial report that the company sold its Bitcoin held by the Bitcoin it held in the first half of this year, and increased its holdings of US $ 936 million (about 6.3 billion yuan) to its balance sheet (about RMB 6.3 billion). Cash has aroused market attention.

Recently, Tesla announced more details of Form 10-Q file exposure. The document shows that in the first half of this year, Tesla converted about 75%of the Bitcoin it held into a legal currency and recorded the impairment loss of $ 170 million (about 1.15 billion yuan). As of June 30, 2022, the book value of digital assets held by Tesla was US $ 218 million, and the fair market value was US $ 222 million (about RMB 1.5 billion).

At the same time, Tesla also disclosed that the company has received a second subpoena from the US Securities and Exchange Commission (SEC), which involves its CEO Musk's Phantom Twitter in 2018.

Selling 75%of Bitcoin, included in the impairment loss of 170 million US dollars

According to foreign media reports, Tesla's FORM 10-Q file submitted to the US Securities and Exchange Commission (SEC) on July 25 shows that due to the decline in Bitcoin in the past three months, it has plummeted in the past three months, and in six of 2022, During the month, Tesla has converted about 75%of the Bitcoin it held into a legal currency and recorded the impairment loss of $ 170 million in the report. During the same period, some Tesla's Bitcoin redeemed US $ 64 million in foreign exchange profits.

Public information shows that Tesla purchased a Bitcoin worth about $ 1.5 billion in February 2021. The purchase price was about $ 34,000/piece, and the number of holding was about 4,3200. In October last year, the price of Bitcoin rose to $ 60,000. At that time, Tesla's investment in floating was more than $ 1.3 billion.

However, since this year, digital currency assets have fallen sharply, and Bitcoin has fallen 58%in the second quarter of this year. As of the first half of this year, Tesla has converted about 75%of Bitcoin into a legal currency.

The Tesla 10-Q file shows that as of June 30, 2022 and December 31, 2021, the book value of Digital assets held by Tesla was US $ 218 million and US $ 1.26 billion, respectively, which reflected every every each, which reflected every every one, which reflected every every. The cumulative impairment of each time period was US $ 169 million and $ 101 million, respectively. As of June 30, 2022, the fair market value of these digital assets was US $ 222 million.

(Form 10-q released by Tesla on July 25)

In contrast, in the first half of 2021, in the process of converting digital assets into legal currencies, Tesla received $ 128 million in income. In the second quarter of 2021, Tesla provided a $ 23 million impairment loss, and last year, the entire half of the year was calculated by $ 50 million in impairment losses.

In fact, the news of Tesla's selling Bitcoin was uploaded a few days ago. On July 20, local time, Tesla disclosed the performance in the second quarter and held a performance telephone, but more details were still presented in Form 10-Q document. As of the end of the second quarter of 2022, Tesla reduced its holdings of Bitcoin by 75%and increased its cash of its balance sheet by 936 million US dollars (about RMB 6.3 billion). In this regard, Musk explained at the telephone meeting that due to the uncertainty of the Shanghai factory in the second quarter, Tesla reduced its holdings to ensure cash flow, but since then, it has maintained an open attitude towards increasing Bitcoin's holdings.

Tesla said in the 10-Q document: "We hold and may continue to buy digital assets that may be impaired or lost by market price fluctuations. In January 2021, we updated the investment policy with greater flexibility In order to further realize the diversification and maximum return of cash. This allows us to invest in some cash in some alternative reserves, including digital assets, gold bars, gold exchanges trading funds and other designated assets designated in the future. After that, we will be among them. Some cash investments are invested in Bitcoin. Like the way we manage cash and cash, we can increase or reduce the holding of digital assets according to business needs and our views on market and environmental conditions at any time. "

From the perspective of Bitcoin, Bitcoin reached a high of more than $ 67,000/piece in November 2021, and then fell all the way, especially in the second quarter of this year, a single quarter of a single quarter. As of July 26, the price of Bitcoin was about $ 21,000/piece, which was nearly 70 % compared to historical highs.

Detailed disclosure of financial reports in the second quarter

At the same time, Tesla also disclosed the company's operational details in the second quarter of this year in Document 10-Q. The document shows that in the second quarter of 2022, Tesla's market revenue in the Chinese market reached 3.787 billion US dollars, an increase of 32.45%year -on -year, but a year -on -month decrease of 18.56%. This was the first time Tesla's first month -on -month decline in the production of Tesla in Shanghai Super Factory.

In the first quarter of this year, Tesla's revenue in China reached US $ 4.65 billion. Based on this, Tesla's revenue in China in the first half of this year reached US $ 8.437 billion, an increase of 42.95%year -on -year. However, due to the suspension of production in the second quarter of the Shanghai Super Factory, Tesla's delivery volume this year has decreased by 18%month -on -month. According to the statistics of the Federation of Federation, in the first half of this year, the Shanghai Super Factory had delivered a total of 295,000 units, of which 77,938 were delivered in June, a monthly high delivery volume. In the second quarter of the company, Tesla achieved revenue of US $ 16.934 billion, an increase of 42%year -on -year, slightly higher than the analyst's expected US $ 16.88 billion; net profit was US $ 2.259 billion, and the adjustment was US $ 2.62 billion (about 176.8 RMB 176.8 100 million yuan). Regarding the reasons for the increase in revenue year -on -year, Tesla explained that this is mainly due to the increase in the increase in the amount of car delivery in the second quarter of this year and the increase in the average sales price of the vehicle.

Official data show that from April to June this year, Tesla's global output was about 258,600 units, and the delivery was about 254,700 units, a decrease of about 55,300 units from the first quarter, and a decrease of 17.84%from the previous month. This is the first time that Tesla's delivery has declined for the first time since the first quarter of 2020.

Specifically, Tesla's US $ 16.934 billion revenue in the second quarter, from US market revenue from US $ 9.614 billion, an increase of 84.7%year -on -year, accounting for 56.77%of Tesla's total revenue; followed by the Chinese market, accounting for the proportion, accounting for the proportion It reached 22.36%; other European -dominated market revenue reached 3.533 billion US dollars, a decrease of about 9%year -on -year, accounting for 20.86%.

According to foreign media reports, after the production and delivery of the Model Y of 4680 batteries and structured battery packs in the Dezhou plant, Tesla is located in the super factory of Galed Hed, Brandonburg, a Berlin suburbs, and has also produced The first Model Y equipped with this battery was released.

At a telephone meeting last Wednesday, Musk said that the U.S. Texas Super Factory will start mass production of 4680 batteries at the end of the third quarter. Tesla Senior Vice President Andrew Bagritano said Tesla has made progress on 4680, and currently has enough quantity to expand the output of Dizhou and Berlin. It is expected that by the end of this year, the 4680 battery will exceed 1,000 per week.

Receive the second pass

On July 25, Tesla also disclosed in a regulatory document that the company has received the second subpoena from the US Securities and Exchange Commission (SEC), involving its CEO Mask in 2018 about the company's private ownership. Twitter speaking.

Tesla said the company received a subpoena on June 13 to ask the company to provide information on how to comply with the revised reconciliation plan reached with the SEC. Tesla said he is working with government authorities and will continue to cooperate.

Earlier, in February this year, Tesla submitted 10-K annual report documents showed that on November 16, 2021, the US Securities Regulatory Commission (SEC) issued a subpoena to the company, asking Tesla to provide the management process involved in the 2018 reconciliation case. Essence

The dispute between the SEC and Musk has continued for many years. In 2018, Tesla CEO Musk claimed that it was considering the privatization of Tesla at a price of $ 420 per share and had "received funds" for this transaction, but in fact, it was not prepared for acquisition. Tesla. The stock price fluctuates.

SEC therefore sued Tesla and Musk civil securities fraud. After the reconciliation between the two parties, Musk and Tesla paid a $ 20 million fine and resigned from the post of Chairman Tesla. In addition, Musk agreed to let the company's lawyers approve the tweets of the company's major information in advance. It is reported that in October this year, Tesla will also attend a reconciliation meeting on the securities fraud case.

In addition, as the "top flow" of the global science and technology community, Musk's personal topic is constantly.

Last weekend, Musk was also exposed to the "brief gossip" of Nicole Shanhan, the wife of Sergey Brin, co -founder of Google last year. According to court documents, earlier this year, Brin had applied for divorce because of "non -mediation differences."

According to the "New York Post" reported on July 25, Musk sent a party photo of him and Google's co -founder Sergei Brin to prove that he was still a friend of Sergei Brin Essence Musk said on the evening of July 24 that this was "this photo taken two hours ago." Musk also insisted: "Nicole and Sergey's divorce definitely have nothing to do with me. Ergi will confirm this. "

Responsible editor: tactics

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