Tesla reported a $600 million gain on its 11,509 Bitcoin holdings in Q4 2024, benefiting from new FASB accounting rules that ...

Roughly 15 years later, those same 10,000 Bitcoins would be worth $967.5 million at the cryptocurrency’s price as of Feb. 13, ...

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.

GameStop may invest in Bitcoin, mirroring MicroStrategy’s rebrand. CEO Ryan Cohen’s ties with Michael Saylor hint at a major shift.

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 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 ...

Elon Musk owns Bitcoin, Ethereum, and Dogecoin, with the DOGE being his favorite c. What else do we know about Musk’s crypto ...

He rates shares Buy with a $430 price target for the stock. Tesla reported earnings per share of 73 cents, helped by a one-time Bitcoin gain. Wall Street was looking for 75 cents. What’s more ...

Tesla stock opened up 5.5% at $410.50 before slipping. The initial rise was a surprise for two reasons. For starters, earnings were relatively weak and guidance was “vague,” according to Morgan ...

RBC Capital analyst Tom Narayan maintained a Buy rating on Tesla (TSLA – Research Report) on January 14 and set a price target of $440.00. The company’s shares closed yesterday at $428.22.