April 26, 2024

Tesla made more bitcoins than selling its cars

The purchase of bitcoins for a large amount and the noticeably increased cost of the cryptocurrency did their job

 
 
The constantly growing Bitcoin exchange rate makes it possible tonot only miners, but also ordinary buyers can make money on this cryptocurrency: bought in one month, waited for the rate to rise, sold in another - a simple get-rich-quick scheme works almost flawlessly. And the larger the investment amount, the greater the income. Tesla invested heavily in Bitcoin in January, and by now it has earned more from the exchange rate difference than from selling its cars over the entire last year!
Let us remind you that a couple of weeks ago it became knownthat Tesla has invested heavily in Bitcoin, purchasing $1.5 billion worth of this cryptocurrency. And now, when the rate has reached $57,000, the first calculations have appeared. According to them, Tesla has earned $930 million from the difference in Bitcoin rates since January of this year. Of course, the earnings here are only on paper, because the company did not sell its bitcoins, but the fact itself is indicative: you just need to buy bitcoins, keep them in your wallet for a month and a half, sell them - and get a solid income. Moreover, interestingly, this income overlaps the income from sales of Tesla cars - for the entire last year it amounted to $721 million.
Human source: https://www.ixbt.com/news/2021/02/20/tesla-zarabotala-na-bitkojnah-bolshe-chem-na-prodazhe-svoih-avtomobilej.html
Source in Busurmanian: https://www.businessinsider.com/tesla-bitcoin-gains-bigger-than-car-sale-revenue-report-2021-2?utm_source=ixbtcom