Tesla has already made $1bn revenue on its Bitcoin funding

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Investing in Bitcoin is already paying off for US automaker Tesla in accordance with analyst at Wedbush Securities Daniel Ives who calculated that the corporate has already made round $1bn in paper earnings from its funding.

Back in January, the corporate introduced that it had bought $1.5bn value of Bitcoin in an effort to “further diversify and maximize returns” on its money. Tesla additionally stated that it’s going to start accepting the cryptocurrency as cost for its electrical automobiles on a restricted foundation sooner or later.

Source www.techradar.com