The company is now the sixth-largest corporate holder of Bitcoin. However, Tesla’s fourth-quarter earnings and revenue missed expectations, weighed down by price cuts and shrinking profit margins.
Previously, accounting practices required companies to use the Bitcoin cost until selling ... This financial gain adds diversity to Tesla’s revenue sources. The change in accounting rules ...
Ross Gerber, known as a longtime backer of Tesla, sees no upside in the stock ... made by Gerber recently was selling the bulk of his bitcoin and using some of the proceeds to buy gold.
Tesla's valuation has become more attractive, trading below its 3-year average price-to-revenue ratio, implying a significant discount. Negative news impacting TSLA are likely temporary factors ...
Some of the biggest market moves also came from the cryptocurrency space, where the price of bitcoin (BTC-USD ... Elsewhere, Tesla stock (TSLA) fell more than 8% Tuesday after the electric ...
Activist investors have a new obsession: Urging companies to hold (or HODL, as crypto enthusiasts say) Bitcoin on their balance sheets to boost revenue ... including Tesla and Reddit — have ...
along with Tesla's (TSLA) continued retreat from its post-election gains. Co-managing partner of Bitcoin Opportunity Fund James Lavish examines bitcoin's (BTC-USD) significant price drop and ...