Tesla Sells Bitcoin, Elon Musk Denies Pumping and Dumping Crypto to Make ‘Fortune’

Elon Musk has hit back at a critic who claimed he pumped and dumped Bitcoin to “make a fortune” after Tesla reported first quarter earnings that surpassed market expectations. The electric carmaker reported net income of $438 million for the quarter ending in March, while total revenue grew 74 percent year-on-year. Analyst estimates had put total earnings at 79 cents per share, but Tesla ended up reporting 93 cents per share.

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