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.
Electric vehicle behemoth Tesla Inc. (NASDAQ:TSLA) reported an unrealized gain of $600 million on its cryptocurrency holdings in the fourth quarter. What happened: Tesla’s balance sheet showed $1.07 billion in digital assets,
A leak has revealed Elon Musk could be planning to use bitcoin-inspired blockchain technology to power his Doge
Is Elon Musk Secretly Buying Bitcoin? Elon Musk has been pumping Doge, or Dogecoin, for a little while now, but recently added Bitcoin, or BTC, into his Twitter bio. Michael Saylor recently exchanged tweets with Elon Musk on he was able to buy over 1 billion dollars worth of Bitcoin for his company Microstrategy,
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.
A recent change in the rules for how companies account for digital assets led Tesla to report a $600 million mark-to-market gain.
DOGE boss Elon Musk said that Bitcoin icon Roger Ver, who's facing tax evasion charges, won't be eligible for a Trump pardon. Here's why.
Elon Musk has turned the U.S. Treasury Department’s cybersecurity disaster into his latest roast material. Following news that Chinese state-backed hackers breached Treasury Secretary Janet Yellen’s computer,
Looks like Elon Musk is taking blockchain to Washington via his infamous Department of Government Efficiency (D.O.G.E). According to a Jan. 25 report by
Tesla's fourth-quarter and full-year earnings day is here — a highly anticipated report that is expected to be released after market close Wednesday.
Elon Musk, Sam Altman, Peter Thiel and their battle for Bitcoin domination - Donald Trump will be the first president to fully embrace digital currencies — and he’s already anointed his crypto princes