Tesla's Bitcoin Sale Helped Boost Quarterly Profits

Tesla (NASDAQ: TSLA) reported better-than-expected earnings in the first quarter thanks in part to a $101 million "positive impact" from the sale of Bitcoin (CRYPTO: BTC), the electric vehicle maker has said.

On Monday after markets closed, Tesla reported a $438 million profit. It earned $0.93 per share, well ahead of the $0.79 estimate.

Image source: Getty Images.

Continue reading

Source Fool.com