Bitcoin has rallied over 50% since Donald Trump’s election win and is currently trading near the $106,000 mark.
The net income results for Q4 showed a $600 million Bitcoin benefit as a result of the new accounting measures, according to ...
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.
A new earnings report from Elon Musk’s Tesla revealed that the electric vehicle manufacturer still holds 9,720 bitcoin on its balance sheet, worth some $275,600,000 at the time of this writing.
Tesla said that the $2.3 billion it reported in net income included $600 million from mark-to-market gains on the digital assets, like cryptocurrencies, that it held. The company's balance sheet also ...
While robotaxis and robots haven't affected Tesla's balance sheet, selling credits to rivals that haven't moved enough EVs is a money-spinner for the company. Tesla made $1.8 billion from its ...
Tesla overall reported adjusted EPS of $0.73 in the fourth quarter, missing estimates for $0.76. The gain on its bitcoin ...
As expected, Tesla benefited significantly from this revision. Tesla reported a Generally Accepted Accounting Principles (GAAP) income of $2.3 billion in Q4 2024, with $600 million attributed to gains ...
Tesla’s robust balance sheet, with a high liquidity buffer, supports continued innovation and expansion. As such, we are bullish on the stock.
Tesla just released its Q4 2024 earnings results, and the stock is reacting in after-hours trading. The EV company reported ...
With the advancements in vehicle autonomy and the introduction of new products, we expect the vehicle business to return to growth in 2025. The rate of growth will depend on a variety of factors, ...
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