23% of Tesla’s Q1 earnings were from Bitcoin trading – and they would have missed earnings otherwise

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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.

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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:

 

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h/t  rustlingdown

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