Tesla CFO Vaibhav Taneja noted that the automaker’s net income in Q4 was “impacted by a $600 million market benefit from bitcoin due to the adoption of a new accounting standard for digital assets.” He said that Tesla would adjust its other income in future reporting periods going forward.
It’s worth noting that in 2023, Tesla recorded a $204 million loss on its bitcoin holdings. Times have changed.
Remember that time Musk said you could buy a Tesla with bitcoin?
