New accounting rules have changed how bitcoin holdings are reported by publicly-traded companies, leading to a $600M profit for Tesla but potentially also a multi-billion dollar tax bill for ...

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

Good morning! It’s Friday, January 31, 2025, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you ...

One of Tesla’s biggest tax-saving mechanisms is accelerated depreciation, a loophole that allows corporations to write off the cost of assets much faster than they actually lose value. In 2024, Tesla ...

Despite disappointing earnings, Elon Musk doubled down on Tesla’s futuristic ventures like AI, robotics and fully autonomous ...