trading

Fourth of Tesla’s profit from Bitcoin trading

2021-05-07 10:43 #0 by: Niklas

Tesla bought 1.5 billion dollar worth of Bitcoin a while back. Then they sold a tenth of it and made a profit of 101 million USD. The fact that Elon Musk told everyone on Twitter about their buying Bitcoin likely helped the price hike.

» Tesla's bitcoin speculation helped boost profits by $101 million in Q1

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2021-05-07 11:25 #1 by: Evelina

That’s insane! 😅 As if he needs more money.

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2021-05-07 11:44 #2 by: Niklas

Yes, I think he’s worth more than the rest of the car industry combined.

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