Bitcoin’s second-quarter price battering has pundits speculating that Tesla (NASDAQ:TSLA) may have to report a loss of up to $100 million for Q2.
With the price of Bitcoin recently dropping to revisit levels last seen in January, CNBC business analyst Kate Rooney asserted on July 6 that Tesla may face an “impairment charge” — requiring it to report the drawdown in a disclosure to the U.S. Securities and Exchange Commission (SEC).