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.

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.

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

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

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.

Tesla CFO Vaibhav Taneja noted that the automaker’s net income in Q4 was “impacted by a $600 million market benefit from bitcoin due to the adoption of a new accounting standard for digital assets.” He said that Tesla would adjust its other income in future reporting periods going forward.

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

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

Carrying value of Tesla's bitcoin holdings increase by $896 million in Q4. But TSLA wasn't on a BTC buying spree in the fourth quarter.

The crypto market has increased by 0.4% to $3.57 trillion over the last 24 hours but is still 1.4% below last week's levels. Cryptocurrencies are slowly and rather erratically climbing out of the dip they fell into on Monday. The market remains sensitive to negative news but is recovering cautiously, avoiding excessive optimism.