Tesla’s holdings of Bitcoin remained unchanged from previous quarters, but its value rose significantly from what had been listed as $184 million U.S. worth of Bitcoin previously.
Tesla, Microsoft, and Meta are reacting to earnings calls overnight, which came in after the bell on Wednesday.
Tesla's fourth-quarter earnings missed Wall Street's estimates, but the stock rose on 2025 guidance and plans for robotaxi rides to begin in June.
Tesla reported mixed earnings, reflecting pressures from unmet expectations against advancements in energy and technology sectors.
Elon Musk's EV maker invested $1.5 billion in bitcoin in early 2021. Companies can now record paper gains on cryptocurrencies as net income.
Tsai Capital, an investment management company, released its fourth quarter investor letter. A copy of the letter can be downloaded here. Tsai Capital celebrated 25 years track record in 2024.
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Tesla expects capital expenditure to exceed $11 billion this year and in each of the following two fiscal years, the electric automaker said in a filing on Thursday.
Quarterly profit rose less than expected, but Chief Executive Elon Musk reiterated his vision of Tesla becoming the world’s most valuable company thanks to ro ...