Liam Denning, Columnist

Did Tesla Sell Bitcoin? Its China Sales Are a Clue

This quarter is shaping up to be another tricky one for the carmaker’s bottom line. Selling more crypto would help.

June 8, 2021 at 3:20 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.

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I’m really starting to think Tesla Inc. may have sold some Bitcoin already this quarter. I know Elon Musk tweeted something indicating otherwise, but that isn’t always a rock-solid reference. Plus, Tesla’s May sales figures for China just came in.

These are actually good, with deliveries up 88% from April. April’s figures were really bad, dropping like a stone from a strong March showing and the lowest since last fall. So Tesla needed May to be good. But is it good enough?