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Tesla Books Record $438 Million Profit From Sale of Credits, Bitcoin

By
Amir Efrati
· · Source: The Information

Tesla’s $700 billion market valuation still doesn’t make a lot of sense, but its automotive business continues to improve and the company also is showing early gains from holding bitcoin. Tesla generated $293 million in cash during the first quarter, a big improvement from the same quarter in the past two years, when it burned close to $1 billion each time. The company was able to achieve this...

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