• Tesla has made $1 billion revenue on its bitcoin funding: Analyst

    Tesla, led by Elon Musk, confirmed that it bought about $ 1.5 billion in bitcoin in January and expects to start out accepting it as a fee sooner or later.

    Artur Widak | NurPhoto | Getty Photos

    Tesla has made roughly $1 billion in paper earnings from its funding into bitcoin, in response to Daniel Ives, analyst at Wedbush Securities.

    The corporate is “on a trajectory to make extra from its Bitcoin investments than earnings from promoting its EV (electrical automobile) automobiles in all of 2020,” Ives estimated in a notice revealed Saturday.

    Earlier this month, the U.S. electrical carmaker