Economy

After all, how many bitcoins has Tesla sold? Elon Musk answers …

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The fluctuations of virtual currencies, especially bitcoins, were influenced by Elon Musk’s tweets. It was recently announced so quickly that you can buy Teslas with bitcoinsas I said later, didn’t want bitcoins for environmental reasons, but soon rethought the position.

Now Elon Musk has used Twitter to find out how many bitcoins the company has sold … But the accounts don’t add up.


Tesla didn't sell bitcoins

The virtual currency Bitcoin and even Dogecoin are somehow closely related to Elon Musk. The owner of Tesla and SpaceX used his communications to talk about them and thus observe their fluctuations.

Following the abandonment of car sales via Bitcoin for environmental reasons and several other statements on the topic, the currency has depreciated by 20%, as revealed by a Twitter user, in which he somewhat doubts Musk's sanity.

It is then, in response to this tweet, that Musk says he wants to end the speculation:referring:

Tesla didn't sell bitcoins to clarify speculation

But what do you want to effectively clarify?

Elon Musk denies Tesla's annual report

Despite Musk's claim, Tesla described $ 101 million in profits from its Bitcoin sale in its first quarter 2021 results presentation. The mention of the sale is clear: "selling bitcoin" (positive impact on $ 101M)[…]) ".

Not financial reportThen, in the profitability section, you can read that the sale of bitcoins had a positive impact of $ 101 million, which contributed to the year-over-year improvement from January to March this year, along with increased turnover and increased revenue.

So the Bitcoin sale was essential for Tesla to close its accounts in the first quarter with a net profit of $ 438 million.

The reports presented do not match what Elon Musk has just said. Musk clearly intends to excite the market, perhaps declare his value as a player in the cryptocurrency market.

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