![STEEM POSTS](https://steemitimages.com/640x0/https://u.today/sites/default/files/styles/1200x/public/2021-02/6520.jpg)
According to Wedbush Securities, e-car giant Tesla has already made over $1 billion from its Bitcoin investment that was announced earlier this month.
In fact, the largest cryptocurrency turned out to be more profitable than the whole year of selling cars:
Tesla registered its first full year of profits in 2020, delivering more than 500,000 cars to its clientele.
The e-car manufacturer profited $721 million from its car sales, a striking difference compared to the $826 million the company lost in 2019. Its full-year revenue was $31.5 billion.
The Tesla stock rallied over 800 percent in 2020 in spite of the global pandemic as the company ramped up the production of its vehicles.
![](https://steemitimages.com/640x0/https://dlike.io/images/dlike-logo.jpg)
Copying/Pasting full or partial texts with adding very little original content are frowned upon by the community. Repeated copy/paste posts could be considered spam. Spam is discouraged by the community and may result in the account being Blacklisted.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit