Tesla’s Bitcoin Investment Nets $1bln — More than 2020 Total Profits

The decision by Tesla, and its enigmatic CEO Elon Musk, to take a dive into Bitcoin investing has paid off in little to no time. Tesla announced it had purchased $1.5 billion in Bitcoin on February 8th. Now, two weeks on, and Tesla is up $1 billion which equates to more than its total profit from electric cars in 2020. The profits seen from selling electric cars in 2020 came to $721 million in…