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Tesla Books $600 Million Boost From Bitcoin

Hosted on MSN · 22h

Tesla profits get $600 million Bitcoin boost thanks to crypto accounting rule change

Bitcoin has rallied over 50% since Donald Trump’s election win and is currently trading near the $106,000 mark.

Business Insider · 1d

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.

Tesla Revalues Bitcoin Holdings Under New Accounting Rules, Reports $600M Gain in Q4

The gain reflects a new accounting adjustment, lifting Tesla’s reported digital asset value to $1.076 billion from $184 million.

Tesla secures $600m Q4 gain under new accounting rules

Tesla has reported a $600 million boost in its latest quarterly results, thanks to a recent change in accounting rules for digital assets.

A quarter of Tesla’s earnings were due to recongnizing 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 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 ...

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