Tesla benefits from Bitcoin than cars
Tesla’s profits surged to $438 million in the first three months of the year
This is the highest Tesla ever made in a single quarter
Nearly a quarter of Tesla’s profits, or $101 million, came from the sale of a portion of the company’s stake in bitcoin
In February this year, Tesla announced that it had bought $1.5 billion worth of the digital currency
The electric carmaker plans to hold onto bitcoin as part of its risk management strategy
Tesla expects to increase vehicle deliveries by more than 50% this year from the 2020 total
This translates into roughly 800,000 deliveries this year
