HomeTECH NEWSBitcoin now bigger for Telsa than electric cars — here’s why

Bitcoin now bigger for Telsa than electric cars — here’s why

Tesla is making big money on Bitcoin.

Earlier this year, the company announced that it would be buying $1.5 billion in Bitcoin. That turned out to be a strong bet by the electric car manufacturer. During its first-quarter earnings results, Tesla told shareholders that by selling 10% of its holdings, a total of $272 million in digital assets of Bitcoin, it was able to net $101 million in profit. That’s almost a fourth of the company’s total profit for the quarter, according to the Wall Street Journal.

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