Bitcoin boosts Tesla profits by almost $600 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 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 reports $600 million boost to net income with updated bitcoin accounting: CNBC Crypto World
On today's episode of CNBC Crypto World, bitcoin gets a boost to $105,000 after the Fed keeps rates unchanged. Tesla reports a $600 million jump in net income after a mark-to-market adjustment on its bitcoin holdings.
A quarter of Tesla’s earnings were due to recongnizing a $600 million gain on Bitcoin
Roughly a quarter of Tesla’s earnings last quarter were due to recognizing a $600 million gain on Bitcoin. Tesla
Bitcoin boost: how Tesla’s crypto holdings gained $896M in value
Tesla Inc (NASDAQ: TSLA) attributed a significant increase in its quarterly net earnings last night to its bitcoin holdings. The company recorded $1.08 billion as the carrying value of its bitcoin holdings in its fourth-quarter release – up sharply from $184 million at the end of Q3.
Tesla’s Net Income Surges $600 Million in Q4 as New Accounting Rule Boosts Bitcoin Holdings
Tesla’s fourth-quarter net income surged due to a rule change in accounting for digital assets. The company reported a jump in bitcoin holdings, following the Financial Accounting Standards Board’s new policy requiring corporate digital assets to be marked to market each quarter.
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 ...
CoinDesk3d
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 ...
Cryptopolitan on MSN7d
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).
decrypt5d
'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.
International Business Times2d
Elon Musk's Tesla Reports $600M Gain In Digital Asset Holdings In Q4 2024, HODLs Bitcoin
Elon Musk's Tesla is known to have purchased Bitcoin. Leading blockchain analytics firm Arkham Intelligence identified a wallet linked to the EV maker that showed the company had over 11,500 ...
AFP on MSN10d
Musk seeks Trump pardon for 'Bitcoin Jesus,' charged with fraud
Elon Musk said Tuesday he was exploring a presidential pardon for "Bitcoin Jesus," who was arrested last year on fraud and ...
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 ...
Cryptopolitan on MSN4d
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 ...