Tesla has made $1.5 billion in profit on Bitcoin, says analyst

Tesla has made $1.5 billion in profit on Bitcoin, says analyst

FEBRUARY 21st 2021: Tesla has made about $1 billion in profit on its Bitcoin investments, one analyst estimates. Although purchase price disclosures were not made public, Daniel Ives - market analyst at Wedbush Securities - projects that Tesla has made roughly $1 billion in paper profits from its investments in Bitcoin. - FEBRUARY 8th 2021: Tesla and CEO Elon Musk purchase $1.5 billion in Bitcoin cryptocurrency under an investment policy and will accept digital currency as a customer payment method for Tesla vehicles and products. - File Photo by: zz/STRF/STAR MAX/IPx 2020 11/1/20 Businesses and retail stores in Greenburgh, Westchester County, New York on November 1, 2020 as certain restrictions are eased as part of the Phase 4 Reopening in New York State during the worldwide coronavirus pandemic. While many of the larger corporations have managed to navigate the financial storm caused by the pandemic, other retailers have struggled to stay in business. Here, a Tesla Automobile Dealership under construction. (Greenburgh, NY)

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Contributor: Star Max

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February 22, 2021 12:00:00 AM
February 22, 2021 01:00:59 PM
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