Tesla May Have Made $1B on Its Bitcoin Investment

Tesla’s $1.5 billion bitcoin investment may have already made the automaker a $1 billion profit.

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February 22, 2021 3 min read

This story originally appeared on ValueWalk

Tesla CEO Elon Musk said the automaker’s bitcoin investment was “less dumb” than holding cash, and it has already paid off. An analyst estimates that Tesla has already raked in approximately $1 billion in profit on its bitcoin investment due to the cryptocurrency’s soaring price.

Analyst estimates Tesla’s bitcoin investment paid off

In a note released over the

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