Tesla (TSLA) Adds Microchip Supply Risk Disclosure
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February 8, 2021 7:43 AM EST
Tesla (NASDAQ: TSLA) has bought an aggregate $1.50 billion in bitcoin, the EV maker disclosed in its just-released 10K filing with the SEC.
From the filing:
In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity. As part of the policy, which was duly approved by the Audit Committee of our Board of Directors, we may invest a portion of such cash in certain alternative reserve assets including digital... More
February 8, 2021 7:43 AM EST
(Updated - February 8, 2021 7:44 AM EST)
Tesla (NASDAQ: TSLA) Buys $1.5 Billion in Bitcoin - Filing
More:
"In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity. As part of the policy, which was duly approved by the Audit Committee of our Board of Directors, we may invest a portion of such cash in certain alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds and other assets as specified in the... More
