Tesla Sold Bitcoin in Q1 for Proceeds of $272

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Avatar for hammy37
3 years ago
Topics: Bitcoin

In the slide show accompanying the results the, company talks about the sale of some bitcoin:

"Year over year, positive impacts from volume growth, regulatory credit revenue growth, gross margin improvement driven by further product cost reductions and sale of Bitcoin ($101M positive impact, net of related impairments, in "Restructuring & Other line) were mainly offset by a lower ASP, increased SBC, additional supply chain costs, R&D investments and other items. Model S and Model X changeover costs negatively impacted both gross profit as well as R&D expenses.

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