Tesla Made a Profit From Bitcoin and Emission Credits, Not Cars | MotorBiscuit

It might be a beloved luxury brand, but Tesla has come under fire recently from several angles. Many of the issues are based around the EV company’s not-actually self-driving ‘Full Self-Driving’ and Autopilot technology. However, Tesla might have more problems on the horizon. That’s because, although it’s profitable for now, the electric automaker isn’t making money from making cars. It’s because of the Tesla Bitcoin stockpile and emission credits sales.

Making cars loses money, but Tesla Bitcoin and emission credits sales mean profit

A person holds two commemorative Bitcoin coins next to a Tesla EV | Artur Widak/NurPhoto via Getty Images

On Monday, April 26th, 2021, Tesla released its Q1 2021 earnings report. And initially, it seems like good news for the electric automaker. With a $10.4 billion revenue, Tesla had a net income of $438 million, the Wall Street Journal reports. And this follows a full year of profitability that saw the company earn a net $721 million profit, The Drive reports.

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