Bitcoin boosts Tesla profits by almost $600 million

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 in the fourth quarter. What happened: Tesla’s balance sheet showed $1.07 billion in digital assets,
Elon Musk’s Tesla Reports Bitcoin Gain Of $589 Million Following US Accounting Rule Change
Electric vehicle manufacturer Tesla reported a $589 million gain from its Bitcoin holdings after an accounting rule change in the US.
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 reports $600 million bitcoin profit jump after digital assets rule change
A recent change in the rules for how companies account for digital assets led Tesla to report a $600 million mark-to-market gain.
Tesla reports $600 million boost to net income with updated bitcoin accounting: CNBC Crypto World
On today's episode of CNBC Crypto World, bitcoin gets a boost to $105,000 after the Fed keeps rates unchanged. Tesla reports a $600 million jump in net income after a mark-to-market adjustment on its bitcoin holdings.
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
Bitcoin boost: how Tesla’s crypto holdings gained $896M in value
Tesla Inc (NASDAQ: TSLA) attributed a significant increase in its quarterly net earnings last night to its bitcoin holdings. The company recorded $1.08 billion as the carrying value of its bitcoin holdings in its fourth-quarter release – up sharply from $184 million at the end of Q3.
Tesla’s Net Income Surges $600 Million in Q4 as New Accounting Rule Boosts Bitcoin Holdings
Tesla’s fourth-quarter net income surged due to a rule change in accounting for digital assets. The company reported a jump in bitcoin holdings, following the Financial Accounting Standards Board’s new policy requiring corporate digital assets to be marked to market each quarter.
‘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 ...
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Is Elon Musk Secretly Buying Bitcoin?
Is Elon Musk Secretly Buying Bitcoin? Elon Musk has been pumping Doge, or Dogecoin, for a little while now, but recently ...
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Elon Musk Foresees Drop In Bitcoin, Dogecoin Prices If Dollar Inflation Solved: 'What Matters Is The Ratio…'
Elon Musk, on Tuesday, predicted a potential drop in prices of cryptocurrencies like Bitcoin BTC/USD and Dogecoin DOGE/USD if dollar inflation is addressed. What Happened: The Tesla and Space X ...
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It Will ‘Drop’—Elon Musk Warns Doge Could Hit The Price Of Bitcoin Rival Dogecoin
Elon Musk's Doge department of government efficiency, named for the meme-based bitcoin rival dogecoin, has sent shockwaves through Washington as Musk repeatedly warns of U.S. "bankruptcy." ...
Elon Musk bashes the $500 billion AI project Trump announced, claiming its backers don’t ‘have the money’
Shortly after President Donald Trump announced a new massive AI infrastructure investment from the White House, “First Buddy” ...
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Elon Musk mocks Yellen for getting hacked, says email likely mentioned Bitcoin
Elon Musk has turned the U.S. Treasury Department’s cybersecurity disaster into his latest roast material. Following news that Chinese state-backed hackers breached Treasury Secretary Janet Yellen’s ...
US regulatory moves could see crypto move into the mainstream
Do measures outlined by the Trump administration point to a new dawn for Bitcoin and cryptocurrency or is it wise to remain ...
Elon Musk’s DOGE Wants Access to the Treasury’s Payment Systems: Report
Musk’s allies repeatedly demanded access to sensitive government payment systems, according to the Washington Post.