Elon Musk’s Tesla Clocks Surprising $600 Million Bitcoin Gain In Q4 Thanks To New Accounting Rule

6 hours ago 9

Elon Musk’s electric car manufacturer, Tesla, reported a $600 million net paper gain on its Bitcoin holdings in the fourth quarter of 2024 after taking advantage of a new accounting rule that allows companies to value digital assets at current market prices each quarter.

Tesla’s Net Income Boo...

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