7/102 sources · 2 publishersUpdated Oct 22, 13:39 UTC
Bitcoin falls near $81,500 after Tesla reports lower‑than‑expected Q3 capex
Bitcoin dropped about 3% to roughly $81,500 on Thursday after Tesla disclosed Q3 capital expenditure of $4.73 billion, well below the $7.96 billion forecast. Tesla’s Q3 revenue was $28.05 billion, slightly under the $28.13 billion estimate. The pullback coincided with South Korea’s KOSPI Composite Index slipping 3.5% and crypto open interest rising to $55.95 billion.
Why it matters
The price correction lowers Bitcoin’s near‑term market value and raises volatility, affecting traders with exposure to BTC‑USD. Higher open interest suggests greater sensitivity to further price swings.
Key facts
- 1Bitcoin fell nearly 3% to near $81,500 after Tesla reported Q3 capex of $4.73 billion. tradingview.com
- 2Tesla’s Q3 revenue was $28.05 billion, just short of the $28.13 billion estimate. tradingview.com
- 3Tesla’s projected Q3 capex had been $7.96 billion. tradingview.com
- 4South Korea’s KOSPI Composite Index closed down 3.5% on the same day. tradingview.com
- 5Crypto open interest reached $55.95 billion, up 4.5% over 24 hours. tradingview.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.