Business
Bitcoin gamble pays off for Tesla after making $130 million from the cryptocurrency – NEWS.com.au
Bitcoin gamble pays off for Tesla after making $130 million from the cryptocurrency
Teslas foray into the cryptocurrency market made it quite a bit of coin, the company announced.The electric carmaker’s first-quarter earnings released on Monday revealed that it sold some of the $US1.5 billion ($A1.9 billion) worth of bitcoin that it purchased in February, giving the company a $101 million ($A130 million) bump in profit. That’s no small lump of cash, considering it makes up nearly one-quarter of the company’s $US438 million ($A564 million) in profit, Tesla’s biggest ever.
On a conference…
-
Noosa News24 hours agoWoman dead and man rushed to hospital with gunshot wound following crash near Aussie World on Queensland’s Sunshine Coast
-
Noosa News24 hours agoMan arrested after police chase: Driver shot, woman dies in crash
-
General22 hours agoSummah Richards, 12, mourned after fatal e-scooter in Laidley, Queensland
-
General23 hours agoBoy’s drowning adds to ‘most horrific’ Easter toll