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 ...
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 ...
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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 ...
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Tesla got a $600 million boost from from a Bitcoin accounting change
This event underlines broader financial industry shifts regarding cryptocurrency. Tesla’s experience may influence industry perceptions and business strategies in upcoming fiscal periods.
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Tesla’s Bitcoin Stash Value Hits $1 Billion in Q4 2024, Will It Add More BTC?
Tesla reported a substantial increase in the value of its Bitcoin holdings, surpassing $1 billion in Q4, reflecting a $600 million gain.
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Tesla Maintains Bitcoin Holdings Without Selling In Q4 2024
Tesla continues to hold a substantial amount of Bitcoin, reaffirming its position as one of the largest corporate holders of the cryptocurrency. In its latest shareholder update for the fourth ...
Tesla (TSLA) Owns $1 Billion Worth of Bitcoin
Electric vehicle maker Tesla (TSLA) has reported that it held 9,720 Bitcoin (BTC) valued at $1.07 billion at the end of last year. Invest with ...