Tesla Cashes in on Bitcoin: $600M Profit in Q4 2024 Under New FASB Rules

Quick Summary:

Tesla has reported a $600 million profit in the fourth quarter of 2024 from its Bitcoin holdings following the introduction of new accounting regulations.

The company’s Bitcoin holdings are now valued at approximately $1.19 billion, an increase over the past quarter.

This financial shift comes after the Financial Accounting Standards Board (FASB) introduced a rule […]

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Article Details

Author / Journalist: Peter Mwangi

Category: Crypto

Markets: India

Topics: News Bitcoin News Top Crypto News Market News BTC

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-30 @ 11:00:00 (1 days ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 143 words

Reading Time: 1 minutes read

Sentences: 55 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 25628565

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 15 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 14 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

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News Language: English

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Publisher ID: #124

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