April 28, 2021

Electric vehicle maker Tesla has provided the periodic update to shareholders which reveals revenues of $272 million from the sale of part of the Bitcoins purchased in early February for a profit of approximately $102 million. Elon Musk repeatedly showed he believes in cryptocurrencies, and at the end of March announced the possibility of buying a Tesla car by paying in Bitcoin. Musk also owns Bitcoin in his personal assets and promoted Dogecoin several times as well.