Bitcoins inflate Tesla’s accounts, all the details
Numbers and effects of Bitcoins in Tesla's balance sheet
Tesla's accounts can count on a 2.5 billion dollar Bitcoin wallet. And thanks to the sale of the cryptocurrency, the company posted record net profits of $ 438 million in the first quarter of the year.
All the details.
THE BITCOIN IN THE PORTFOLIO
The American car manufacturer, pioneer in the exclusive production of electric cars, Bitcoin has in its portfolio to $ 2.5 billion, according to the SEC said. The company, brings the CNBC in March 2021 announced that his investment in the volatile cryptocurrency it was worth $ 2.48 billion.
THE DEBUT
Tesla launched into the cryptocurrency market earlier this year by purchasing $ 1.5 billion worth of bitcoins.
THE FRUIT OF THE INVESTMENT
Despite the few months, the company has already reaped the first fruits of its investment. On the occasion of its first quarter financial statement, the company said it earned a net gain of $ 101 million from sales of the digital currency.
Earnings that allowed the company, together with the revenues from the sale of emissions credits, to record a net profit of 438 million, equal to 0.93 cents (net profit, in 2019, was 16 million).
RED CAR SALE FOR TESLA
It is precisely the extraordinary items with respect to the core business, as Il Sole 24 Ore points out, that drive the company's accounts. If you looked only at Tesla electric car sales, it would be in the red.
TESLA WILL ACCEPT BITCOIN PAYMENTS
Not just investments.
The Bitcoin auto company really believes in it and that is why it has also announced that it may soon change its payments policy as well, accepting bitcoin for the sale of its products.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/smartcity/i-bitcoin-gonfiano-i-conti-di-tesla-tutti-i-dettagli/ on Mon, 03 May 2021 04:42:54 +0000.