Elon Musk's Tesla Records $600 Million In Paper Gains On Bitcoin In Q4 Thanks To New Accounting Rule - Tesla (NASDAQ:TSLA)
1. Tesla reported a $600 million gain from its cryptocurrency holdings. 2. Digital assets on Tesla's balance sheet rose to $1.07 billion. 3. Tesla holds 11,509 BTC, making it the fourth-largest public holder. 4. New accounting standards allow market-value reporting of crypto holdings. 5. Lower-than-expected Q4 revenue of $25.71 billion raises concerns.