Tesla Q4 Bitcoin profit highlights BTC collateral opportunity — Crypto execs
“Mark-to-market gains, Tesla could use its Bitcoin as collateral to unlock liquidity and hedge against market downturns,” said Gadi Chait, an investment manager at Xapo Bank. Source link
Bitcoin didn’t save Tesla — It just delayed the bigger problem
Bitcoin’s price surge helped Tesla mask deeper struggles, adding $600M to its earnings. But behind the numbers, falling demand, price cuts, and squeezed margins tell a different story. Bitcoin, the saviour Tesla’s latest earnings report on Jan. 29 was widely expected to disappoint. Auto sales had slowed, revenue came in below expectations, and operating costs […]
Tesla reports $600M Bitcoin gain in Q4 using new accounting rule
Tesla has used a new crypto accounting rule to book a nearly $600 million net gain on its Bitcoin holdings in the fourth quarter of 2024. Source link
