Elon Musk's Tesla Reports Bitcoin Gain Of $589 Million

Elon Musk's Tesla Records $600 Million In Paper Gains On Bitcoin In Q4 Thanks To New Accounting Rule
Electric vehicle behemoth Tesla Inc. (NASDAQ:TSLA) reported an unrealized gain of $600 million on its cryptocurrency holdings in the fourth quarter. What happened: Tesla’s balance sheet showed $1.07 billion in digital assets,
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.
Elon Musk’s Tesla Reports Bitcoin Gain Of $589 Million Following US Accounting Rule Change
Electric vehicle manufacturer Tesla reported a $589 million gain from its Bitcoin holdings after an accounting rule change in the US.
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 holdings was for GAAP purposes and would have had no effect on adjusted EPS. Shares are higher by 3.5% in after hours trading.
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.
Tesla (TSLA) acknowledged a $600 million benefit from Bitcoin holdings appreciation in Q4 2024
Tesla’s Q4 2024 earnings call offered a deep insight to the inner workings of the world’s leading EV company over the last few months. During it, CFO Vaibhav Taneja revealed a critical piece of information about the company’s bookings: Tesla made $600 million off Bitcoin (BTC) in Q4.
Tesla Books $600 Million Boost From Bitcoin After Accounting Change
Tesla Inc.’s holdings of Bitcoin gave its latest quarterly results a boost, courtesy of new accounting rules for digital assets.
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 ...
Inside Trump's crypto court: Elon Musk, Sam Altman, Peter Thiel and their battle for Bitcoin domination
Elon Musk, Sam Altman, Peter Thiel and their battle for Bitcoin domination - Donald Trump will be the first president to ...
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'Bitcoin Jesus' Roger Ver Begs Trump for Pardon—But DOGE Chief Elon Musk Says Nope
DOGE boss Elon Musk said that Bitcoin icon Roger Ver, who's facing tax evasion charges, won't be eligible for a Trump pardon.
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Elon Musk mocks Yellen for getting hacked, says email likely mentioned Bitcoin
Elon Musk has turned the U.S. Treasury Department’s cybersecurity disaster into his latest roast material. Following news ...
Elon Musk's DOGE plans to use blockchain in US govt's dealing to increase efficiency
One major hurdle in using blockchain for government operations is governance. Public blockchains, such as those used by ...
Bitcoin Banter, Trump's Crypto Moves, Memecoin Mayhem, And Musk's Martian Dreams: This Week In Crypto
The week in the world of cryptocurrency was nothing short of eventful. From sarcastic speculations about President Biden’s ...
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Elon Musk is bringing the blockchain to his D.O.G.E department
Looks like Elon Musk is taking blockchain to Washington via his infamous Department of Government Efficiency (D.O.G.E).