Tesla: Bitcoin sales and environmental credits boost profits

[sarahazhari]

Revenues also increased by 74% compared to the first quarter in 2020, despite production hurdles.However, profits were also dented by a $299m payment to the electric carmaker's chief executive Elon Musk.Revenues also increased by 74% compared to the first quarter in 2020, despite production hurdles.However, profits were also dented by a $299m payment to the electric carmaker's chief executive Elon Musk.Mr Musk claimed Tesla's Model 3, its midsize sedan, was the "best-selling luxury sedan of any kind in the world" for the quarter.
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Tesla is the world's most valuable car company, with its share price pushed higher by investors betting on strong growth in electric vehicles in the coming years.However, the company makes far fewer cars than companies such as Toyota and Volkswagen, which each sold more than nine million cars last year