Tesla reported a $600 million gain on its 11,509 Bitcoin holdings in Q4 2024, benefiting from new FASB accounting rules that allow fair market value reporting ...

Tesla Inc (NASDAQ: TSLA) attributed a significant increase in its quarterly net earnings last night to its bitcoin holdings.

Elon Musk owns Bitcoin, Ethereum, and Dogecoin, with the DOGE being his favorite c. What else do we know about Musk’s crypto ...

You might start with three companies that have risen to prominence and notoriety in the past few years: Nvidia, Bitcoin and Tesla. So, let’s say you hopped in that time machine and it carried ...

During it, CFO Vaibhav Taneja revealed a critical piece of information about the company’s bookings: Tesla made $600 million off Bitcoin (BTC) in Q4. Vaibhav Taneja acknowledged Tesla’s ...

Tesla's net income was boosted by a recent change in how companies account for their holdings of digital currencies. "Net income in Q4 was impacted by a $600 million mark-to-market benefit from ...

Under the new mandate, companies need to update the values of digital assets through market evaluations each quarter, which allows Tesla to show its Bitcoin holdings at the current fair market price.

Tesla profits rose 34% on a bitcoin boost last quarter following an accounting rule change. Tesla's paper gains on bitcoin accounted for nearly $600 million of its net income this quarter.

New accounting rules shed some light on the profitability of electric vehicle manufacturer Tesla’s Bitcoin ... He said: “I do think there’s some merit in bitcoin, and maybe some other ...