news 
Tesla has reported a significant boost in its net income for the last quarter of 2024, largely attributed to the profits made from its investment in Bitcoin (BTC). The automaker giant announced that it had generated a staggering $1.8 billion in profits from its crypto-related activities.
This news comes as a surprise, considering the company’s initial reluctance to invest in cryptocurrencies. However, Elon Musk’s decision to diversify Tesla’s portfolio by investing a significant portion of its funds into Bitcoin has proven to be an extremely lucrative move.
It is worth noting that the exact breakdown of these profits is not disclosed; however, industry experts suggest that this substantial revenue growth was primarily driven by the impressive performance of Bitcoin.
Source: u.today
