Elon Musk's Tesla Reports Bitcoin Gain Of $589 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.
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,
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.
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 (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.
Tesla Books $600 Million Boost From Bitcoin After Accounting Change
Tesla Inc.’s holdings of Bitcoin gave its latest quarterly results a boost, courtesy of new accounting rules for digital assets.
Tesla’s Bitcoin Stash Remains Intact in Q4 2024, Adding $600M in Value
Tesla’s Bitcoin holdings surged in value, climbing from a carrying value of $184 million to a fair market value of $1.08 billion. The company is
Tesla reports $600 million gain on Bitcoin holdings following new accounting rule update
Tesla’s Bitcoin holdings rose by $600 million in the fourth quarter after implementing a new accounting rule. The rule permits companies to value digital assets at market prices each quarter. According to Arkham Intelligence data,
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 ...
Inside Trump’s crypto court: The President and his Bitcoin bros go for growth
By the time Donald Trump succeeded Joe Biden the two coins were valued at billions of dollars.It was the final clinching ...
decrypt2d
'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.
Cryptopolitan on MSN12d
Elon Musk mocks Yellen for getting hacked, says email likely mentioned Bitcoin
Elon Musk has turned the U.S. Treasury Department’s cybersecurity disaster into his latest roast material. Following news ...
Ethics experts fear Trump will use conflict of interest exception to hold onto crypto in White House
Donald Trump once called cryptocurrency a “scam.” Now ethics experts fear the president may be carrying out a rules-bending crypto scheme of his own by holding onto crypto assets while serving in the ...
Hosted on MSN1d
Elon Musk’s job offer to Dogecoin founder ignites debate in crypto community
Elon Musk has stirred the crypto market after inviting Billy Markus, Dogecoin's founder, to join the Department of Government ...
Cryptopolitan on MSN4d
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).