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

Tesla’s latest SEC filing confirms it still holds 11,509 BTC, valued at $1.1 billion, but has not increased its Bitcoin ...

The company is now the sixth-largest corporate holder of Bitcoin. However, Tesla’s fourth-quarter earnings and revenue missed expectations, weighed down by price cuts and shrinking profit margins.

Previously, accounting practices required companies to use the Bitcoin cost until selling ... This financial gain adds diversity to Tesla’s revenue sources. The change in accounting rules ...

With new accounting rules in place, corporate Bitcoin holders like Tesla have more pathways for using BTC as collateral ...

Tesla reported an income of $2.3 billion in the Q4, which includes the $600 million profit off the firm’s Bitcoin holdings. The automaker’s revenue show a 2% year-on-year increase. The report ...

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.

Full-year total revenue was $97.7 billion, up 1% year-over-year. Tesla ended the quarter with $1.07 billion in digital assets, which includes the company's Bitcoin BTC/USD holdings. The company ...

Tesla has not increased its Bitcoin holdings but instead reported a $600 million gain from its existing 11,509 BTC in the fourth quarter 2024, according to its latest Securities and Exchange ...