Tesla Sold No Bitcoin, Reported $600M Q4 2024 Gain

This figure is based on a new accounting rule from the Financial Accounting Standards Board (FASB), which requires companies to record Bitcoin holdings at market value rather than only reporting impairments when prices drop.

Overall, Tesla’s net income for the period was $2.3 billion, including gains from digital assets. The EV leader holds 9,720 Bitcoin on its balance sheet.

Tesla purchased these coins on February 8, 2021, at an average price of $34,722, investing approximately $1.02 billion in Bitcoin. At the current Bitcoin price of around $105,130, Tesla’s total Bitcoin holdings have increased by 202%.

The company also highlighted advancements in autonomous driving technology, increasing its AI training capacity by over 400% in 2024 and remaining on track to deliver self-driving capabilities.

Looking ahead, Tesla aims to grow vehicle deliveries in 2025, supported by the launch of a more affordable model and increased Cybertruck production. The company plans to begin producing new, lower-cost models in the first half of 2025, integrating aspects of both its current and next-generation platforms.

Currently, Tesla is the 8th most valuable company in the world. TSLA stock trades at around $389, down 2% for the day.

The stock rose after Donald Trump’s election win, as Elon Musk plays a role in the new administration, leading the Department of Government Efficiency (DOGE).