Lora Kolodny explains Tesla's record-breaking quarter, and why it's so hard to know how the company's bitcoin holdings are performing.
Monday, and it's a beat on both the top and bottom lines. Shares rose about 2% after-hours.The company reported $1.14 billion in net income for the quarter, the first time it has surpassed $1 billion. In the year-ago quarter, net income amounted to $104 million.
Overall automotive revenue came in at $10.21 billion, of which only $354 million, about 3.5%, came from sales of regulatory credits. That's a lower number for credits than in any of the previous four quarters. Automotive gross margins were 28.4%, higher than in any of the last four quarters.total vehicles, during the quarter ended June 30, 2021.surged above $40,000 for the first time in nearly six weeks on Monday as sentiment turned bullish following a recent sell-off.
The cryptocurrency traded above the key level briefly, reaching $40,245 by 3:30 p.m. ET, according to Coin Metrics data. Bitcoin last traded above the $40,000 level on June 16.that the retail giant would start accepting bitcoin for payments this year.looking to add a digital currency and blockchain expert to its payments team"Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true.
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