Roughly a quarter of Tesla’s earnings last quarter were due to recognizing a $600 million gain on Bitcoin. Tesla ...

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 ...

A recent change in the rules for how companies account for digital assets led Tesla to report a $600 million mark-to-market ...

Bitcoin made up a big chunk of Tesla's profits last quarter because of an accounting rule change that allowed the automaker to report its unrealized gains on the cryptocurrency as income in its ...

Tesla reported a $600 million gain from its Bitcoin holdings in the fourth quarter of 2024 thanks to new accounting rules that allow companies to record the market value of the crypto on their books.

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.

Tesla CFO Vaibhav Taneja noted that the automaker’s net income in Q4 was “impacted by a $600 million market benefit from ...

Tesla stock opened up 5.5% at $410.50 before slipping. The initial rise was a surprise for two reasons. For starters, earnings were relatively weak and guidance was “vague,” according to Morgan ...