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 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 ...
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Is Elon Musk Secretly Buying Bitcoin?
Is Elon Musk Secretly Buying Bitcoin? Elon Musk has been pumping Doge, or Dogecoin, for a little while now, but recently ...
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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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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 ...
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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 ...
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 ...
Ethics experts fear Trump will use conflict of interest exception to hold onto crypto in White House
Donald Trump once called cryptocurrency a “scam.” Now ethics experts fear the president may be carrying out a rules-bending crypto scheme of his own by holding onto crypto assets while serving in the ...
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Elon Musk’s X partner with Visa for financial services, ignoring crypto yet again
Elon Musk’s social media platform, X, announced on Jan. 28 that it’s teaming up with Visa to launch a digital wallet and peer ...