Roughly a quarter of Tesla’s earnings last quarter were due to recognizing a $600 million gain on Bitcoin. Tesla

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.

The automotive company did not disclose its Bitcoin holdings in its Q4 2024 report. Instead, it disclosed a $600 million mark-to-market gain on “digital assets.” Still, according to Bitcoin Treasuries, Tesla holds 9,720 BTC, making it the sixth-largest publicly traded company with Bitcoin on its balance sheet.

Electric vehicle manufacturer Tesla reported a $589 million gain from its Bitcoin holdings after an accounting rule change in the US.

New accounting rules shed some light on the profitability of electric vehicle manufacturer Tesla's Bitcoin (BTC) investment.

Tesla reported a substantial increase in the value of its Bitcoin holdings, surpassing $1 billion in Q4, reflecting a $600 million gain.

Tesla Q4 earnings call's high-level weirdness, including the impact Bitcoin had on the bottom line, what it means for stock prices.

Tesla stock opened up 5.5% at $410.50 before slipping. The initial rise was a surprise for two reasons. For starters, earnings were relatively weak and guidance was “vague,” according to Morgan Stanley analyst Adam Jonas.

Tesla gained $600 million in Q4 2024 by marking Bitcoin to market under new FASB rules, significantly boosting its financial performance.

Tesla has made billions off electric cars its rivals aren't selling, but President Donald Trump's anti-EV policies put that revenue stream at risk.

A new accounting rule helped Tesla report a $600M gain on digital assets in Q4, as their total value jumped to $1.08B.