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Asiwaju 🔄🎩🍄🎭📄🌈
@asiwaju
A recent rule change on digital asset accounting helped Tesla boost its net income in the fourth quarter. Tesla’s digital asset value remained at $184m for four consecutive quarters before jumping to $1.08b in the December quarter. However, in its Q4 2024 earnings report on Wednesday, Tesla did not disclose its Bitcoin holdings. Instead, it reported a $600m mark-to-market gain on digital assets. According to Arkham Intelligence, Tesla currently holds 11,509 BTC, valued at about $1.19b. Tesla missed analysts’ expectations for fourth-quarter earnings and revenue, as auto revenue declined 8% year-over-year. Despite this, the stock rose 4% in after-hours trading.
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Queen Doyin 🔄🎩 🎭👾
@jayprime
Wow 819 $degen
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