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Tesla Books $600 Million Boost From Bitcoin
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,
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 got a $600 million boost from from a Bitcoin accounting change
This story incorporates reporting from NBC New York, Bloomberg on MSN.com and https//beincrypto.com.Tesla recently reported a $600 million profit from its Bitcoin holdings. The gain is attributed to a change in digital asset accounting rules.
Shacknews
18h
Tesla (TSLA) acknowledged a $600 million benefit from Bitcoin holdings appreciation in Q4 2024
Vaibhav Taneja acknowledged Tesla’s benefit from its Bitcoin holdings during the company’s Q4 2024 earnings call. CEO Elon ...
coinspeaker
9h
Tesla’s Bitcoin Stash Value Hits $1 Billion in Q4 2024, Will It Add More BTC?
Tesla reported a substantial increase in the value of its Bitcoin holdings, surpassing $1 billion in Q4, reflecting a $600 million gain.
11h
Don't Get Caught by a Deepfake Scam
CR shows you how to avoid falling for deepfake scams, which use AI-manipulated images of celebrities in phony sales pitches.
7d
Why Dogecoin Is Sinking Today
Dogecoin (CRYPTO: DOGE) is seeing a valuation pullback in Wednesday's trading. The cryptocurrency's token price was down 6.3% ...
Tempo
7d
Top 10 Corporations with the Largest Bitcoin Holders
As trader, the rise of corporations with largest Bitcoin holder is a trend worth monitoring as it reshapes boundaries of ...
9d
on MSN
Why Dogecoin Is Gaining Today
Dogecoin ( DOGE -2.68%) is climbing higher Tuesday despite a backdrop of pullbacks for the broader crypto market. The popular ...
Taiwan News
9d
Crypto Dawn: A Thrilling Journey into the Future of Cryptocurrency with 1 BTC & Tesla as Rewards
Crypto Dawn: A Thrilling Journey into the Future of
Cryptocurrency
with 1 BTC &
Tesla
as Rewards Joan Han, Sales and ...
5h
on MSN
‘This guy is our Einstein’: Jamie Dimon says he and Elon Musk ‘hugged it out’ after dropping $162M Tesla lawsuit — vows to support the billionaire as much as he can ...
Accredited investors can become the landlord of Walmart, Whole Foods or Kroger — and benefit from regular distributions without lifting a finger. Here’s how; Car insurance pre ...
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