In two weeks, Tesla earned more on bitcoin than on annual sales

According to Tesla, its net profit from sales of electric cars in 2020 amounted to $ 721 million.

Tesla’s investment in bitcoin theoretically brought the company $ 1.08 billion / Illustration REUTERS

Tesla’s investment in bitcoin theoretically brought the company $ 1.08 billion.

This amount cannot be considered a profit because the company continues to hold coins and their exchange rate is subject to volatility.

According to Tesla, its net profit from the sale of electric cars in 2020 amounted to $ 721 million.

Investing in bitcoin
On February 8, 2021, Tesla invested $ 1.5 billion in bitcoin and plans to start accepting bitcoin as payment for its products “in the near future” – against the background of this news, the value of bitcoin has exceeded 44 thousand dollars.

How did Tesla’s position in the ranking change
As of July 1, 2020, Tesla has become the most expensive car company in the world.
In July 2020, Musk took seventh place in the ranking of the richest people on the planet. According to Bloomberg, Musk has bypassed the rating of investor Warren Buffett.
On July 21, 2020, Musk entered the top five richest people on the planet for the first time.
On August 18, 2020, Elon Musk entered the top four richest people in the world.
On September 9, 2020, Elon Musk lost $ 16.3 billion in one day due to the collapse of shares.
On November 17, 2020, against the background of Tesla’s inclusion in the S&P 500, the company’s shares rose sharply.
As of December 22, 2020, Tesla shares fell after being included in the S&P 500 index.
As of January 10, 2021, Ilona Mask’s fortune exceeded $ 200 billion.

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