Musk’s company benefits from regulatory changes in digital asset valuation in Q4 2024.

Tesla recorded a significant financial gain from its Bitcoin investment, with a net profit of $600 million in the fourth quarter of 2024. This result was made possible by the introduction of new accounting rules that allow companies to record the market value of cryptocurrencies in their financial statements.

According to the quarterly earnings report published on January 29, the automaker was able to revalue its Bitcoin holdings to over $1 billion, a substantial increase from the $184 million recorded in previous quarters. Onchain analytics platform Arkham reports that Tesla currently holds 11,509 bitcoins.

atlas21.com