Bitcoin boosts Tesla profits by almost $600 million

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.
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.
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.
‘This Needs To Stop Now’—Elon Musk Confirms Radical Doge U.S. Treasury Plan
Elon Musk has confirmed he wants to put the U.S. Treasury on a blockchain, the technology that underpins bitcoin and other ...
Elon Musk Says Treasury Officials 'Breaking The Law Every Hour' By Approving Fraudulent Payments — DOGE Lead Wants A Blockchain Fix
Elon Musk, the lead of the Department of Government Efficiency, backed the idea of using blockchain technology on Sunday to ...
CoinDesk4d
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 ...
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 ...
decrypt6d
'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.
AFP on MSN11d
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 ...
CoinDesk10d
Dogecoin ETF Registered as Elon Musk’s D.O.G.E Gains Traction
Bitwise has registered for an ETF product tracking the world’s largest memecoin as the crypto subsector becomes more ...
International Business Times3d
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 ...
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 ...