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Tesla, Bitcoin and Q4
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,
Tesla Marked Up Bitcoin Holdings Valuation in Q4, Booking a $600M Gain
Elon Musk's Tesla (TSLA) appeared to take advantage of a new accounting rule allowing for holdings of digital assets to be marked-to-market each
Tesla (TSLA) acknowledged a $600 million benefit from Bitcoin holdings appreciation in Q4 2024
Tesla’s Q4 2024 earnings call offered a deep insight to the inner workings of the world’s leading EV company over the last few months. During it, CFO Vaibhav Taneja revealed a critical piece of information about the company’s bookings: Tesla made $600 million off Bitcoin (BTC) in Q4.
Tesla reports $600 million gain on Bitcoin holdings following new accounting rule update
Tesla’s Bitcoin holdings rose by $600 million in the fourth quarter after implementing a new accounting rule. The rule permits companies to value digital assets at market prices each quarter. According to Arkham Intelligence data,
2d
Leak Reveals Musk’s Doge Could Be About To Trigger A Bitcoin-Inspired Price Game-Changer
A leak has revealed Elon Musk could be planning to use bitcoin-inspired blockchain technology to power his Doge ...
2h
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 ...
The Tesla Space on MSN
2d
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 ...
decrypt
2d
'Bitcoin Jesus' Roger Ver Begs Trump for Pardon—But DOGE Chief Elon Musk Says Nope
DOGE boss Elon Musk said that Bitcoin icon Roger Ver, who's facing tax evasion charges, won't be eligible for a Trump pardon.
InvestmentNews
1h
Trump in Schwab tie-up for $250m financial services offering
The investment strategy of Truth.Fi will be guided by financial services firm Charles Schwab, which will oversee asset ...
Cryptopolitan on MSN
4d
Elon Musk is bringing the blockchain to his D.O.G.E department
Looks like Elon Musk is taking blockchain to Washington via his infamous Department of Government Efficiency (D.O.G.E).
Internet of People
1d
Elon Musk doesn’t think Roger Ver should get a presidential pardon
Elon Musk, Tesla and SpaceX CEO, has said that early Bitcoin investor Roger Ver shouldn’t get a presidential pardon from ...
blockonomi
19h
Elon Musk’s X Secures Visa Partnership for New Digital Wallet Service
X partners with Visa to launch digital wallet and payment services in early 2025, marking its first major step into financial ...
Cryptopolitan on MSN
12d
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 ...
2d
Elon Musk's DOGE plans to use blockchain in US govt's dealing to increase efficiency
One major hurdle in using blockchain for government operations is governance. Public blockchains, such as those used by ...
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