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Tesla Beats Sales Expectations - Bitcoin Holdings Remain Flat

 


The car manufacturer presented its report for the fourth quarter on Wednesday evening. Tesla exceeded expectations for sales and profits. Bitcoin holdings, meanwhile, remain unchanged.



Tesla (TSLA) published the Q4 report for 2021 last night.

Overall, the electric car maker recorded a sales increase of 65 percent in this quarter compared to the previous year. In the automotive sector alone, sales rose to 15.97 billion US dollars.

In addition, the US company set a new record profit of 5.5 billion US dollars - an increase of 665 percent over the previous year.

Analysts previously expected adjusted earnings of $2.36 per Tesla share. With 2.54, the carmaker was able to significantly exceed this value - with positive effects on the TSLA course, which recorded an increase of almost 4 percent.

Tesla's bitcoin holdings, meanwhile, remained unchanged. At the end of the fourth quarter, the value remained stable compared to the previous quarter at $1.26 billion.

In February 2021, Elon Musk's company made a splash in crypto space when Tesla invested $1.5 billion in Bitcoin .

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