Liam Denning, Columnist

Tesla Killed It on Bitcoin (and Also Sells Cars)

Crypto speculation accounting for a quarter of an EV maker’s net income may not be an encouraging sign.

April 26, 2021 at 10:53 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

Magic coins for Tesla.
Photographer: NurPhoto/NurPhoto/Getty Images

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Heh. Come on. Really?

You might be surprised to learn that’s a snippet from the earnings report of a car manufacturer. But this is Tesla Inc.