Tesla takes profit from crypto investment and some stupid people aren't even bothered, like I always say even billionaires who invest in crypto are here for the profits no matter how long they chill and hype the coins, be smart people
Yeah, read this today when Tesla released their business figures for the last quarter. It did surprise me that Tesla recorded $101 million dollars as profit from crypto transfers on their balance sheet. That means, these profits were realized from crypto sales, even though Elon Musk tweeted "future hodl" just a few days ago. It's also not really clear if these profits come from bitcoin or also doge sales. It's kinda fishy, but as long as people believe in what Elon does, who cares!
Correct, Tesla sold a total of $274M of crypto. However, if you thought a company with as many capital needs as Tesla was going to just sit on bitcoin forever, then that's kind of on you for having unreasonable expectations. Overall, this amounted to less than 10% of Tesla's bitcoin being sold.