🚀 Bitcoin Boosts Tesla Earnings! 🚗💰
Tesla's Q4 earnings surprised many, thanks to a $600M boost from Bitcoin! A new accounting rule allowed Tesla to revalue its Bitcoin holdings at market prices, just as BTC surged. This masked weaker auto sales and rising costs.
🔍 Behind the Numbers:
- Revenue: $25.71B, below expectations.
- Operating expenses up 9%.
- Bitcoin revaluation added $589M to balance sheet.
📉 Despite this, Tesla's stock dipped 3%.
What do you think? Is Tesla an automaker, fintech player, or both? Share your thoughts below! 👇