{"id":17357,"date":"2022-01-27T00:08:19","date_gmt":"2022-01-26T23:08:19","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=17357"},"modified":"2022-01-27T00:08:36","modified_gmt":"2022-01-26T23:08:36","slug":"tesla-reports-zero-changes-in-bitcoin-holdings-in-q4","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/tesla-reports-zero-changes-in-bitcoin-holdings-in-q4\/","title":{"rendered":"Tesla Reports Zero Changes in Bitcoin Holdings in Q4"},"content":{"rendered":"\n
Tesla (TSLA) revealed on Wednesday that its bitcoin <\/a>assets were worth $1.26 billion at the end of the fourth quarter.<\/h5>\n\n\n\n
\"Tesla<\/figure>\n\n\n\n

Tesla \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>did not acquire or sell any bitcoin during the quarter, and it did not report any impairments to the value of its bitcoin assets since the price of bitcoin remained roughly unchanged from the end of the third quarter to the end of the fourth.<\/p>\n\n\n\n

Tesla's Bitcoin quarterly report<\/h2>\n\n\n\n

Tesla <\/a>did neither add to nor reduce its bitcoin holdings in the third quarter, but was forced to disclose a $51 million impairment to reflect the cryptocurrency's price fall.<\/p>\n\n\n\n

If the price of digital asset <\/a>declines during a quarter, accounting laws require a firm to disclose an impairment, but if the price rises, it is not recognized as a gain on the balance sheet.<\/p>\n\n\n\n

Tesla originally revealed that it had acquired $1.5 billion in bitcoin<\/a> in February. Later in the first quarter, the corporation reduced its bitcoin holdings by 10%, boosting earnings by $272 million. Tesla made no bitcoin purchases or sales in the second quarter.<\/p>\n\n\n\n

According to FactSet, Tesla's adjusted Q4 profits per share came in at $2.54 vs $2.36 projected, with revenue of $17.7 billion versus $17.1 billion predicted.<\/p>\n\n\n\n

Following the announcement of the earnings report, Tesla's stock <\/a>dropped around 4% before rebounding. They were recently trading at $939.51, a small increase.
Tesla did not acquire or sell any bitcoin during the quarter, and it did not report any impairments to the value of its bitcoin assets since the price of bitcoin remained roughly unchanged from the end of the third quarter to the end of the fourth.<\/p>\n\n\n\n

Tesla did neither add to nor reduce its bitcoin holdings in the third quarter but was forced to disclose a $51 million impairment to reflect the cryptocurrency's price fall.<\/p>\n\n\n\n

If the price of digital assets declines during a quarter, accounting laws require a firm to disclose an impairment, but if the price rises, it is not recognized as a gain on the balance sheet.<\/p>\n\n\n\n

Tesla originally revealed that it had acquired $1.5 billion in bitcoin in February. Later in the first quarter, the corporation reduced its bitcoin holdings<\/a> by 10%, boosting earnings by $272 million. Tesla made no bitcoin purchases or sales in the second quarter.<\/p>\n\n\n\n

According to FactSet, Tesla's adjusted Q4 profits per share came in at $2.54 vs $2.36 projected, with revenue of $17.7 billion versus $17.1 billion predicted.<\/p>\n\n\n\n

Following the announcement of the earnings report, Tesla's stock dropped around 4% before rebounding. They were recently trading at $939.51, a small increase.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tesla (TSLA) revealed on Wednesday that its bitcoin assets were worth $1.26 billion at the end of the fourth quarter. Tesla did not acquire or sell any bitcoin during the quarter, and it did not report any impairments to the value of its bitcoin assets since the price of bitcoin remained roughly unchanged from the […]<\/p>\n","protected":false},"author":13,"featured_media":17360,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5371,6867,5791],"class_list":["post-17357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin-2","tag-btc-holdings","tag-tesla-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/01\/image-283.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/17357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=17357"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/17357\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/17360"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=17357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=17357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=17357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}