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Tesla Books $600 Million Boost From Bitcoin

Bloomberg on MSN · 5h

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.

Business Insider · 2h

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.

CoinDesk · 19h

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.

14h

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 ...

Cryptopolitan on MSN15h

Tesla reports $600 million gain on Bitcoin holdings following new accounting rule update

The automotive company did not disclose its Bitcoin holdings in its Q4 2024 report. Instead, it disclosed a $600 million mark ...

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 ...

22m

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 ...

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