Bitcoin has rallied over 50% since Donald Trump’s election win and is currently trading near the $106,000 mark.
Tesla Inc.’s holdings of Bitcoin gave its latest quarterly results a boost, courtesy of new accounting rules for digital ...
Tesla has reported a $600 million boost in its latest quarterly results, thanks to a recent change in accounting rules for digital assets.
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.
The gain reflects a new accounting adjustment, lifting Tesla’s reported digital asset value to $1.076 billion from $184 ...
Tesla revealed Wednesday that it gained $600 million in its digital asset holdings in the fourth quarter of 2024 and also, ...
Electric vehicle manufacturer Tesla reported a $589 million gain from its Bitcoin holdings after an accounting rule change in ...
A recent change in the rules for how companies account for digital assets led Tesla to report a $600 million mark-to-market ...
The adoption of Bitcoin as a treasury reserve asset by Tesla has proven to be a wise decision, considering the substantial ...
A new accounting rule helped Tesla report a $600M gain on digital assets in Q4, as their total value jumped to $1.08B.
Tesla overall reported adjusted EPS of $0.73 in the fourth quarter, missing estimates for $0.76. The gain on its bitcoin ...
Tesla gained $600 million in Q4 2024 by marking Bitcoin to market under new FASB rules, significantly boosting its financial performance.