- A leader in the financial services industry, Wedbush has published a report claiming that Tesla has already made a profit of $ 1 billion from its Bitcoin investment.
Probably the most significant finding, according to analysts at Wedbush, Dan Ives and Strecker Backe, is Tesla’s profit from its recent investment in Bitcoin.
It is estimated that it should currently be a profit of about $ 1 billion, which is already ahead of the company’s profits for the full year 2020.
Tesla reported for its fiscal year 2020 a profit from the sale of electric cars of $ 721 million.
However, analysts believe that Tesla has not yet sold any of the Bitcoins, so changes in the market will continue to affect the development of this estimated profit.
Let us also recall the position of Tesla, which, in addition to investment of $ 1.50 billion in Bitcoin in January, also expects to start accepting Bitcoins as a form of payment for the company’s products in the near future.
Read also: The richest Swiss canton of Zug accept taxes in BTC and ETH
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