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

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 reported a $600 million gain from its Bitcoin holdings in Q4 2024 thanks to a new rule allowing firms to report the market value of their crypto holdings.

Electric vehicle manufacturer Tesla reported a $589 million gain from its Bitcoin holdings after an accounting rule change in the US.

New accounting rules shed some light on the profitability of electric vehicle manufacturer Tesla's Bitcoin (BTC) investment.

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

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.

Tesla’s bottom line numbers were boosted by a $600 million one-time gain in “digital assets.” That added 20 cents a share in bottom-line earnings. Excluding that, EPS would have been closer to 55 cents,

US stocks gained steam on Thursday afternoon as investors digested megacap tech earnings and waited for Apple (AAPL) results for more clues on prospects for Big Tech. Right ahead of the closing bell,

Cryptocurrency firm Tether (CRYPTO: USDT) announced the launch of USDT, the world’s most valuable stablecoin by market cap, on the Bitcoin (CRYPTO: BTC) blockchain on Thursday.

Tesla Q4 earnings call's high-level weirdness, including the impact Bitcoin had on the bottom line, what it means for stock prices.