Musk had previously stated that in June, he tended to provide support for the president in 2024.
Captain Joe | Reuters
Tesla‘ Bitcoin Because the company’s interpretation of digital assets has undergone new rules, the net income reported in the fourth quarter reports a large number of popularity.
Tesla reported that after showing the value of digital assets in the first four quarters of US $ 184 million, the number suddenly jumped to $ 1.08 billion in December. Income release Wednesday.
Subsequently increased The latest policy changes of the Financial Accounting Standard CommitteeThis requires the company’s digital asset holdings to be marked as a market every quarter from early 2025. Before the FASB rules change, companies with Bitcoin must report their holdings with the minimum value recorded during ownership.
Tesla said on its revenue deck that the income per share of the quarter increased by 68 cents, and CFO VAibhav Taneja pointed out that net income increased by $ 600 million.
Taneja said: “It is important to point out that the net income of the fourth quarter was affected by the US $ 600 million trademark from Bitcoin to the market revenue, because the new accounting standard for digital assets was adopted.”
At the end of the third quarter, Tesla’s Bitcoin holding a record was 184 million US dollars, although its fair market value was significantly higher, at $ 729 million. This means that the actual increase in the value of its shareholding during the period was approximately US $ 347 million, reflecting the fourth quarter of Bitcoin.
Recently, most of Bitcoin’s income is related to optimism around the Trump administration. This is serious support Come by the encryption industry. Tesla CEO Elon Musk (Elon Musk) He is Trump’s largest financial supporter and is now the top consultant of the White House. The long -term Musk allies David Sacks was captured by Trump into the White House AI and crypto Tsar.
Bitcoin tracking website Bitcoin State In listed companies, Tesla is the sixth largest holder of Bitcoin.
Tesla Revenue in the fourth quarter Due to the 8 % decrease in car income from the same period last year, but insufficient income analysts’ expectations, the stock increased in the transactions after get off work.
– CNBC’s LoRa KOLODNY contributed to this report.
