A quarter of Tesla's earnings were due to recognizing a $600 million gain on Bitcoin
February 5, 2025
Roughly a quarter of Tesla’s earnings last quarter were due to recognizing a $600 million gain on Bitcoin. Tesla still came short of expectations.
Tesla and Bitcoin
Tesla is among the few large public companies that invested some of their cash into cryptocurrency.
Early in 2021, Tesla invested $1.5 billion in Bitcoin. Shortly after, the automaker started accepting the cryptocurrency as…