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Tesla Books $600 Million Boost From Bitcoin

Hosted on MSN · 18h

Tesla profits get $600 million Bitcoin boost thanks to crypto accounting rule change

Bitcoin has rallied over 50% since Donald Trump’s election win and is currently trading near the $106,000 mark.

Business Insider · 1d

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.

NBC Los Angeles · 1d

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, Bitcoin

CoinDesk · 1d

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.

ReadWrite · 20h

Tesla sees $600M Bitcoin gains in Q4

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

Shacknews · 1d

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 Musk is a known proponent of cryptocurrency, so it doesn’t come as a shock that Tesla was holding on to a large chunk of Bitcoin.

Electrek18h

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 makes a financial cameo

Tesla CFO Vaibhav Taneja noted that the automaker’s net income in Q4 was “impacted by a $600 million market benefit from ...

10h

Tether Is Bringing USDT To Bitcoin Network, Which Will Allow 'Millions' To Send Dollars Globally

Cryptocurrency firm Tether (CRYPTO: USDT) announced the launch of USDT, the world’s most valuable stablecoin by market cap, ...

Electrek13h

Tesla Q4 earnings call recap, PE ratios, and big Texas solar project goes online

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

18h

Wall Street rebounds as tech stocks rally; Comcast plunges, Grayscale unveils Bitcoin Miners ETF

The Dow Jones Industrial Average advanced 290 points (0.7%) as investors reacted to mixed corporate earnings, economic growth concerns, and anticipation of key inflation data.

21h

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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