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Tesla May Have Earned $1 Billion From Bitcoin Investment, Exceeding Entire 2020 Profit

Mary Liu

Summary: According to Bloqport, as the price of Bitcoin continues to rise, Tesla's unrealized earning from Bitcoin may close to $1 billion. The return on investment has exceeded the company's total profit of $721 million in 2020, which is also the first time that Tesla has achieved annual profit since 2006, data from its public financial report ...

According to Bloqport, as the price of Bitcoin continues to rise, Tesla's unrealized earning from Bitcoin may close to $1 billion.

The return on investment has exceeded the company's total profit of $721 million in 2020, which is also the first time that Tesla has achieved annual profit since 2006, data from its public financial report shows.

Tesla makes far more money from buying BTC than it has made from cars in the past decade.

By Mary Liu

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