“Tesla’s Digital Asset Rule Change Brings in $600 Million Profit: A Game-Changing Move for the Electric Car Giant”
Recent Change in Accounting Boosts Tesla’s Net Income Tesla Embraces Digital Currency Tesla’s net income received a significant boost in the fourth quarter of the fiscal year. The electric car company attributed this increase to a $600 million mark-to-market benefit from Bitcoin. This shift came about as a result of a new accounting standard for…