San Francisco, July 26 (TIWN) Elon Musk-run Tesla on Monday revealed it incurred $170 million loss from its Bitcoin investments in the first six months of the year.

Tesla revealed last week that it has sold 75 per cent of its Bitcoins, adding $936 million in cash to its balance sheet in the second quarter (Q2) this year, as it deals with economic meltdown amid cryptocurrencies falling off the cliff.

In a new filing with the US Securities and Exchange Commission (SEC), Tesla said that in the first quarter of 2021, it invested an aggregate $1.50 billion in Bitcoin.