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Tesla Books $600 Million Boost From Bitcoin
Tesla profits get $600 million Bitcoin boost thanks to crypto accounting rule change
Bitcoin has rallied over 50% since Donald Trump’s election win and is currently trading near the $106,000 mark.
Bitcoin boosts Tesla profits by almost $600 million after accounting rule change
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.
Tesla reports $600 million bitcoin profit jump after digital assets rule change
A recent change in the rules for how companies account for digital assets led Tesla to report a $600 million mark-to-market gain.
Tesla Stock Slips
Tesla Stock Slips After Opening Higher
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 Stanley analyst Adam Jonas.
Tesla's stock is down. Does that mean anything for what it'll do after earnings?
Tesla's stock was slipping 0.3% in recent premarket trading ahead of earnings, and if history is any guide, that means tomorrow will more likely be another down day. Over the past 12 quarters, the sto
Tesla Stock Turns Higher. Why Investors Are Now Optimistic.
After an initial drop, Tesla stock has turned higher, up almost 4% in after-hours trading at $403 a share. Any disappointment with fourth-quarter margins has faded probably because of the outlook for 2025.
Electrek
11h
A quarter of Tesla’s earnings were due to recongnizing a $600 million gain on Bitcoin
Roughly a quarter of Tesla’s earnings last quarter were due to recognizing a $600 million gain on Bitcoin. Tesla ...
4h
Tether Is Bringing USDT To Bitcoin Network, Which Will Allow 'Millions' To Send Dollars Globally
Cryptocurrency firm Tether (CRYPTO: USDT) announced the launch of USDT, the world’s most valuable stablecoin by market cap, ...
11h
Dow Jones Industrial Average makes a late break on Thursday
The Dow Jones Industrial Average (DJIA) churned on Thursday, marking in tracks around 44,700 but sticking close to the day’s ...
Electrek
6h
Tesla Q4 earnings call recap, PE ratios, and big Texas solar project goes online
Tesla Q4 earnings call's high-level weirdness, including the impact Bitcoin had on the bottom line, what it means for stock prices.
14h
Tesla earnings live updates: Promising ‘return to growth’ and cheaper cars
Tesla's fourth-quarter and full-year earnings day is here — a highly anticipated report that is expected to be released after ...
15h
Dow closes more than 150 points higher in volatile session after slew of earnings reports: Live updates
Wall Street is coming off a losing session after the Federal Reserve paused its interest rate-cutting campaign, leaving its ...
16h
Crypto Comes to the Rescue in Tesla's Earnings
Tesla’s bottom line numbers were boosted by a $600 million one-time gain in “digital assets.” That added 20 cents a share in ...
16h
US stocks goosed by earnings, intact AI budgets. Nvidia dips on talk of China sales curb.
Wall Street ended up on relief Meta and Microsoft kept their AI spending plans even amid mixed earnings. Next up, Apple earnings.
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