Tesla Fuels Record Profit In First Quarter With $101 Million Of Bitcoin Gain
https://wccftech.com/teslas-fuels-record-profit-in-first-quarter-with-101-million-of-bitcoin-profit/
Tesla's Model Y production in Texas. Image: Tesla Inc
Electric vehicle and renewable energy products manufacturer Tesla Inc has reported its earnings results for the first quarter of 2021 today. The company's revenue stayed flat sequential during the quarter but exhibited a 74% year-over-year growth due to production and sales ramp up. However, the big surprise in Tesla's latest earnings isn't its strong revenue growth. Instead, the surprise lies at the bottom line of the company's income statement, which has often been the source of critics' attention in the past.