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

Key Takeaways Tesla earlier this week reported a $600 million profit associated with its bitcoin holdings, which accounted ...

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

A new accounting rule helped Tesla report a $600M gain on digital assets in Q4, as their total value jumped to $1.08B.

During it, CFO Vaibhav Taneja revealed a critical piece of information about the company’s bookings: Tesla made $600 million off Bitcoin (BTC) in Q4. Vaibhav Taneja acknowledged Tesla’s ...

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 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.

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 ...