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57 sats \ 2 replies \ @BlokchainB 18h \ on: Tesla: $600 million profit thanks to Bitcoin and new accounting rules Stacker_Stocks
Wow
I just read this news about Tesla's results, and they’re not very encouraging!
Tesla’s 2024 financial results are out—and they’re terrible
40 percent of its profit came from selling regulatory credits.Tesla released its financial results for 2024 on Wednesday afternoon, following the close of the markets. The maker of electric vehicles may have to invest in stocks of red ink, because 2024 results were even less impressive than the already-underwhelming 2023 numbers.
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Yeah their business isn’t looking like a growth beast but they own a ton of bitcoin. More than all the Auto makers combined.
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