Tesla's Bitcoin Bet Pays Off: Investment Surpasses $1 Billion Amid Price Surge

By Yahoo! Finance | Nov 14, 2024 at 12:09 PM EST

Tesla's $1 billion Bitcoin investment has surged, yielding a $495 million profit due to Bitcoin's rally. CEO Elon Musk's support has institutionalized cryptocurrency, with Tesla becoming a major Bitcoin investor. This move highlights the growing trend of businesses exploring digital currency investments.

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