Elon Musk’s Tesla Makes $1 Billion on Bitcoin Investment In A Month

So far, that bitcoin investment is paying dividends for Elon Musk.

It seems the entrepreneur has made even more money off his bitcoin investment than his famed company Tesla has made in car sales.

According to note from analyst Dan Ives at Wedbush, “Based on our calculations, we estimate that Tesla so far has made roughly $1 billion of profit over the last month. To put this in perspective, Tesla is on a trajectory to make more from its Bitcoin investments than profits from selling its [electric vehicle] cars in all of 2020.”

- Advertisement -

Tesla, which at 11:40am on Monday was trading down 4.39%, recently announced its massive stake in bitcoin.

- Advertisement -

SUBSCRIBE TO MY FREE NEWSLETTER

Liberals want to destroy America. Their radical agenda will pack our courts, change the voting laws, and take away our constitutional freedoms. That's why is important to Join My Newsletter and get the news directly from me.

Related Articles

Stay Connected

137,091FansLike
685,420FollowersFollow
25,543SubscribersSubscribe

Latest Articles

TRISH REGAN NEWSLETTER

Liberals want to destroy America. Their radical agenda will pack our courts, change the voting laws, and take away our constitutional freedoms. That's why is important to Join My Newsletter and get the news directly from me.

- Advertisement -
Let's bring fairness back to our legal system!

If you believe that lawsuit reform is needed, jobs should be kept and want to put a stop to the dishonest practices of greedy trial attorneys, join us in the fight for fairness TODAY.