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

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 ...

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

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 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.

The price of Bitcoin and Tesla shares have both soared since President Donald Trump’s election win in November. Meanwhile, thanks to an accounting rule change, the digital currency’s rise has ...

Tesla’s fourth-quarter net income surged due to a rule change in accounting for digital assets. The company reported a jump ...

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. The Bitcoin holding and its value was reported alongside the ...

Tesla profits rose 34% on a bitcoin boost last quarter following an accounting rule change. Tesla's paper gains on bitcoin accounted for nearly $600 million of its net income this quarter.

"Net income in Q4 was impacted by a $600 million mark-to-market benefit from bitcoin due to the adoption of a new accounting standard for digital assets," Tesla said. The company reported ...