Tesla sees growth on track as demand from China and bitcoin sales boost revenue

Source: South China Morning PostElectric carmaker Tesla Inc marginally beat Wall Street expectations for first-quarter revenue on Monday boosted by a jump in environmental credit sales to other carmakers and robust demand from China.Sales of regulatory permits were higher than quarterly profit, in line with the trend of several quarters, and net profit was dented by a US$299 million award to chief executive Elon Musk. Tesla’s quarterly performance hit targets qualifying the billionaire entrepreneur for two options payouts…Read More

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