Tesla’s earnings in the first quarter were $438 million.
$101 million (23%) of that came from selling Bitcoin for profit.
The other interesting part is that it would have been an earnings miss without the trading.
Did one make the other happen?
Considering the recent news about not allowing Bitcoin anymore, it’s certainly a move worth mentioning.
As highlighted by Scott Galloway:
#Tesla's Q1 earnings were $438 million.
$101 million (23%) of that came from selling bitcoin for profit — would have been an earnings miss otherwise. pic.twitter.com/ilyeLnXnL5— Scott Galloway (@profgalloway) May 14, 2021
h/t rustlingdown