Crypto News - Tesla Makes More From Trading Bitcoin Than Selling Cars - Bitcoin News
Crypto News - Tesla Makes More From Trading Bitcoin Than Selling Cars - Bitcoin News https://www.youtube.com/watch?v=Qt0hGpoL6xQ Tesla Makes More From Bitcoin Than It Does From Selling Automobiles Electric car producer Tesla made more from trading Bitcoin than it did from selling its own automobiles in the very first quarter of 2021, according to the Wall Street Journal. The news follows Tesla launched its first-quarter outcomes on Monday. Although the company's profits of $10.4 billion and adjusted earnings of 93 cents a share beat Wall Street expectations, the business's windfall profits have actually been partially credited to its sale of the cryptocurrency, Entrepreneur reports. Tesla supposedly sold a part of the around $1.5 billion worth of Bitcoin that it acquired in February, adding $101 million to its net income. As the Journal points out, that accounted for about a fourth of the business's earnings-- around $438 million-- in the first quarter. In addition, the bus...