Crypto News

Tesla's Big Move in the Crypto Space What is the New Accounting Rule? Tesla's latest move in the crypto space has caused quite a buzz among investors and crypto enthusiasts. But what exactly is this new accounting rule that they took advantage of? Under this new rule, companies can now adjust the value of their digital asset holdings at market prices each quarter. This means that Tesla was able to report a $600M paper gain in the fourth quarter of the year by simply adjusting the value of their crypto holdings. Impact on Tesla's Financials This move by Tesla has not only made headlines in the crypto world, but it has also had a significant impact on their financial statements. The $600M paper gain has boosted their fourth quarter earnings and has helped them achieve a record profit for the year. This has also caused a surge in their stock price, with many investors seeing this move as a strategic and profitable decision by the company. The ...