Tesla reports led by Elon Musk, huge gain reports of $ 600 million in the fourth quarter, 2024

Tesla, owned by Elon Musk, owned by Tesla, owned by $ 600 million, has announced Bitcoin’s possessions in the fourth quarter, as it benefited from a new accounting base that allows companies to control the quarterly asset asset evaluations on the basis of market prices.

According to Arkham Intelligence, Tesla has 11,509 BTC, which is currently about $ 1.19 billion.

However, the company did not explicitly do Detection Bitcoin’s biases in its Q4 2024 report, with only Mark’s profit to the market worth $ 600 million under “digital assets”.

The latest accounting update increased significantly from the amount of bitcoin reported in Tesla. The amendment strengthened digital assets to $ 1.076 billion. The oldest accounting rules in the past included their weak value at only $ 184 million.

New a base Through the Financial Accounting Standards Council (FASB), which was launched in December 2023, companies are allowed to report the coding holdings at fair market value under American GAAP standards. Before that, companies were forced to record a decrease in value but could not update property to reflect the price increase unless they were sold, which may distort financial strength.

The GAAP income from Tesla in Q4 reached $ 2.3 billion, adding Bitcoin’s contributions. Meanwhile, revenues increased by 2 % to $ 25.71 billion, but they were absent from expectations, as analysts expected 27.22 billion dollars.

The electric vehicle giant also fell from the profit expectations, as it recorded profits per share of $ 0.73, which is less than the expectations of the analysts of $ 0.76. The total operating expenses of the company in the third quarter amounted to $ 2.59 billion, as it recorded more than 9 % of the previous quarter.

The profit report comes in the fourth quarter in Tesla, a little more than a week after President Donald Trump swore by his second term. Musk was an important voice advocate and a financial motivation for Trump. He even became the largest donor in the 2024 US presidential election and worked as an informal consultant throughout the Trump and presidency campaign. In January 2025, Trump officially appointed Musk as an official of the US State Efficiency Ministry (DOGE).