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| Is Musk turning Tesla into a cryptocurrency hedge fund? RT’s Boom Bust explores | Is Musk turning Tesla into a cryptocurrency hedge fund? RT’s Boom Bust explores |
| (about 2 months later) | |
| US electric automaker Tesla reported a net profit of $438 million for the first quarter of this year, saying that the company’s sales of bitcoin made a positive impact of $101 million. | US electric automaker Tesla reported a net profit of $438 million for the first quarter of this year, saying that the company’s sales of bitcoin made a positive impact of $101 million. |
| RT’s Boom Bust talks to Octavio Marenzi of Opimas LLC about the company’s report and the role of bitcoin there. | RT’s Boom Bust talks to Octavio Marenzi of Opimas LLC about the company’s report and the role of bitcoin there. |
| Tesla’s quarterly results are “pretty encouraging,” according to the analyst. “What is kind of weird, is this whole thing with bitcoin and a hundred million dollars of bitcoin gains added to the balance sheet and the income segment.” | Tesla’s quarterly results are “pretty encouraging,” according to the analyst. “What is kind of weird, is this whole thing with bitcoin and a hundred million dollars of bitcoin gains added to the balance sheet and the income segment.” |
| Marenzi goes on: “That’s a bit strange overall, not very sure what Elon Musk is doing there. It seemed for a while like he’s going to turn Tesla into a cryptocurrency hedge fund… And maybe that will still come, who knows? But it looks a bit strange, a bit confusing to markets…” | Marenzi goes on: “That’s a bit strange overall, not very sure what Elon Musk is doing there. It seemed for a while like he’s going to turn Tesla into a cryptocurrency hedge fund… And maybe that will still come, who knows? But it looks a bit strange, a bit confusing to markets…” |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |