Tesla Inc.’s holdings of Bitcoin gave its latest quarterly results a boost, courtesy of new accounting rules for digital ...
Bitcoin has rallied over 50% since Donald Trump’s election win and is currently trading near the $106,000 mark.
A recent change in the rules for how companies account for digital assets led Tesla to report a $600 million mark-to-market ...
New accounting rules shed some light on the profitability of electric vehicle manufacturer Tesla's Bitcoin (BTC) investment.
Tesla overall reported adjusted EPS of $0.73 in the fourth quarter, missing estimates for $0.76. The gain on its bitcoin ...
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.
The automotive company did not disclose its Bitcoin holdings in its Q4 2024 report. Instead, it disclosed a $600 million mark ...
Vaibhav Taneja acknowledged Tesla’s benefit from its Bitcoin holdings during the company’s Q4 2024 earnings call. CEO Elon ...
Tesla reported a substantial increase in the value of its Bitcoin holdings, surpassing $1 billion in Q4, reflecting a $600 million gain.
Tesla’s bottom line numbers were boosted by a $600 million one-time gain in “digital assets.” That added 20 cents a share in ...
Tesla's fourth-quarter and full-year earnings day is here — a highly anticipated report that is expected to be released after ...
Tesla CFO Vaibhav Taneja noted that the automaker’s net income in Q4 was “impacted by a $600 million market benefit from ...