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Tesla, Bitcoin and Financial Accounting Standards Board
A quarter of Tesla’s earnings were due to recognizing 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
Tesla got a $600 million boost from from a Bitcoin accounting change
This story incorporates reporting from NBC New York, Bloomberg on MSN.com and https//beincrypto.com.Tesla recently reported a $600 million profit from its Bitcoin holdings. The gain is attributed to a change in digital asset accounting rules.
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.
4h
‘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 ...
3d
on MSN
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 ...
Shacknews
4d
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 ...
Mena FN
3d
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 ...
coinspeaker
3d
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.
Finbold | Finance in Bold
2d
Is Tesla FSD safe? Number of Tesla autopilot deaths revealed
As Tesla's self-driving technology seemingly ever closer to being a commonplace occurrence in the streets, Finbold examined ...
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