After Q1 earnings for Tesla fell short of expectations, but Musk’s vow to refocus on company appears to have reignited investor confidence.
Tesla has reported a $600 million gain from its Bitcoin holdings in Q4 2024, thanks to new accounting standards.
Electric vehicle giant Tesla has shifted 11,509 Bitcoin, valued at an estimated $770 million, to new wallet addresses.
If Tesla had retained its BTC holdings, it would’ve garnered a massive profit north of $300 million based on the current price of Bitcoin.
Electric vehicle giant Tesla Inc has chosen to hold onto its Bitcoin holdings worth 9,720 BTC units as of Q4 2023
American electric vehicle maker Tesla Inc has maintained its 9720 Bitcoin holdings for the third quarter as shared in its report
SpaceX, the space technology company owned by Elon Musk has allegedly marked down its Bitcoin holdings worth $373 million
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