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Tesla books huge profit from Bitcoin sale in Q1

Published 04/26/2021, 05:15 PM
Updated 04/27/2021, 08:00 PM
Tesla books huge profit from Bitcoin sale in Q1

Tesla Motors (NASDAQ:TSLA) sold a portion of its Bitcoin (BTC) holdings in the first quarter of 2021, generating net proceeds of $272 million, the electric vehicle maker reported Monday.

In a 30-page slide deck accompanying its quarterly financial results, Tesla noted a $101 million "positive impact" as a result of its Bitcoin sale:

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Latest comments

these articles are terrible.. they don't even report the story correctly.. tesla said it in the earning call they sold it to test the liquidity.. not for the sole purpose of making a profit.. it's clear they have some alterier intent in the crypto space
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