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Tesla’s Bitcoin Holdings Valued At $1.26B In Q4, Unchanged From Previous Quarter
Summary: The value of Tesla's Bitcoin holdings at the end of Q4 was unchanged at $1.26 billion compared to the end of Q3, the company's quarterly earnings report shows. Tesla did not buy or sell any Bitcoin in the fourth quarter, nor did it take any impairment losses on its holdings. Under Generally accepted accounting principles, or GAAP, companies ...
The value of Tesla's Bitcoin holdings at the end of Q4 was unchanged at $1.26 billion compared to the end of Q3, the company's quarterly earnings report shows.
Tesla did not buy or sell any Bitcoin in the fourth quarter, nor did it take any impairment losses on its holdings. Under Generally accepted accounting principles, or GAAP, companies must make an impairment loss if the price of an asset falls within a quarter, but an increase does not need to be reflected on the balance sheet.
According to FactSet, Tesla posted adjusted fourth-quarter earnings of $2.54 per share, compared with the consensus estimate of $2.36, TSLA closed Wednesday at $937.41, up 2% on a single day.
By Mary Liu
Tags: Bitcoin,Tesla,TSLA
Link: Tesla’s Bitcoin Holdings Valued At $1.26B In Q4, Unchanged From Previous Quarter [Copy]
