Tesla books huge profit from Bitcoin sale in Q1

Cointelegraph

Published Apr 26, 2021 05:15PM ET

Updated Apr 27, 2021 08:00PM ET

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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