Tesla Marked Up Bitcoin Holdings Valuation in Q4, Booking a $600M Gain
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. Shares are higher by 3.5% in after hours trading.
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 Musk is a known proponent of cryptocurrency, so it doesn’t come as a shock that Tesla was holding on to a large chunk of Bitcoin.
Roughly a quarter of Tesla’s earnings last quarter were due to recognizing a $600 million gain on Bitcoin. Tesla ...
Tesla (NASDAQ:TSLA) reported a significant gain in its bitcoin holdings for the fourth quarter of 2024, attributing a $600 million increase to an updated accounting rule by the Financial Accounting ...
Tesla's fourth-quarter and full-year earnings day is here — a highly anticipated report that is expected to be released after ...
Tesla stock is moving higher despite coming up short of expectations for its fourth quarter. Here's what you need to know.
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