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SA: Tesla racks up $1bn profit on Bitcoin and counting

SA: Tesla racks up $1bn profit on Bitcoin and counting

SEEKING ALPHA reports:
– Electric vehicle automaker Tesla (NASDAQ:TSLA) has made roughly $1B of digital profit on Bitcoin (BTC-USD) over the last month, estimates Wedbush Securities.
– Dan Ives puts that windfall in perspective by noting that Tesla is on a trajectory to make more from its Bitcoin investments than profits from selling its EV cars in all of 2020.
– Ives and team think other public companies will follow Tesla’s lead on the speculative diversification …

The post SA: Tesla racks up $1bn profit on Bitcoin and counting appeared first on The Loadstar.


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21 February 2021, 07:57