Tesla: Bitcoin sales and environmental credits boost profits
Published9 hours ago
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Elon Musk
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image captionElon Musk received a $299m payment as part of a compensation plan struck in 2018
Elon Musk's Tesla made a strong start to the year with profits up and record deliveries of its electric cars.
It came despite production hurdles due to a global shortage of computer chips that has also hit other carmakers.
Mr Musk said the chip shortage caused "supply chain challenges", although that "particular problem" had eased.
Profits for the first three months of the year were $438m (£315m), up from $16m last year, bolstered by sales of Bitcoin and environmental credits.