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Tesla Books $600 Million Boost From Bitcoin
Tesla profits get $600 million Bitcoin boost thanks to crypto accounting rule change
Bitcoin has rallied over 50% since Donald Trump’s election win and is currently trading near the $106,000 mark.
Tesla reports $600 million bitcoin profit jump after digital assets rule change
A recent change in the rules for how companies account for digital assets led Tesla to report a $600 million mark-to-market gain.
Bitcoin boosts Tesla profits by almost $600 million after accounting rule change
Elon Musk's EV maker invested $1.5 billion in bitcoin in early 2021. Companies can now record paper gains on cryptocurrencies as net income.
Tesla 4th-quarter results miss estimates
A quarter of Tesla’s earnings were due to recongnizing a $600 million gain on Bitcoin
Roughly a quarter of Tesla’s earnings last quarter were due to recognizing a $600 million gain on Bitcoin. Tesla
Tesla’s profits slide over 70 percent in the fourth quarter
The company faces a number of questions about its future, including its plan to release more affordable models.
Tesla fourth-quarter results miss estimates as automotive revenue drops 8%
Tesla reported disappointing results on the top and bottom lines. The stock initially fell in extended trading before rebounding. Automotive revenue fell 8% from a year earlier. Tesla reported earnings and revenue for the fourth quarter that missed analysts' estimates.
CoinDesk
1d
Tesla Marked Up Bitcoin Holdings Valuation in Q4, Booking a $600M Gain
Tesla overall reported adjusted EPS of $0.73 in the fourth quarter, missing estimates for $0.76. The gain on its bitcoin ...
Shacknews
1d
Tesla (TSLA) acknowledged a $600 million benefit from Bitcoin holdings appreciation in Q4 2024
Vaibhav Taneja acknowledged Tesla’s benefit from its Bitcoin holdings during the company’s Q4 2024 earnings call. CEO Elon ...
ReadWrite
19h
Tesla sees $600M Bitcoin gains in Q4
New accounting rules shed some light on the profitability of electric vehicle manufacturer Tesla's Bitcoin (BTC) investment.
1d
Bitcoin makes a financial cameo
Tesla CFO Vaibhav Taneja noted that the automaker’s net income in Q4 was “impacted by a $600 million market benefit from ...
4d
Leak Reveals Musk’s Doge Could Be About To Trigger A Bitcoin-Inspired Price Game-Changer
A leak has revealed Elon Musk could be planning to use bitcoin-inspired blockchain technology to power his Doge ...
2d
Bitcoin rises as FT reports Czech central bank looks to spend billions of euros on crypto
The U.S. has not formally announced a bitcoin reserve yet. But other countries are addressing their national crypto strategies. Aleš Michl, governor of the Czech National Bank, told the Financial ...
20h
Tesla earnings live updates: Promising ‘return to growth’ and cheaper cars
Tesla's fourth-quarter and full-year earnings day is here — a highly anticipated report that is expected to be released after ...
2d
on MSN
EV energy tech firm Nuvve to start buying Bitcoin
Nuvve, a clean energy firm that builds EV charging stations, said it will use some of its spare cash to start buying Bitcoin.
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