Elon Musk's Tesla Records $600 Million In Paper Gains On Bitcoin In Q4 Thanks To New Accounting Rule
Tesla Marked Up Bitcoin Holdings Valuation in Q4, Booking a $600M Gain
Elon Musk's Tesla (TSLA) appeared to take advantage of a new accounting rule allowing for holdings of digital assets to be marked-to-market each
Tesla stock rebounds after $600 million bitcoin gain
Tesla (NASDAQ:TSLA) reported a significant gain in its bitcoin holdings for the fourth quarter of 2024, attributing a $600 million increase to an updated accounting rule by the Financial Accounting Standards Board.
Sam Altman-Elon Musk Feud Timeline: AI Billionaires Bark Over Trump-Endorsed Stargate AI Project
Altman and Musk were OpenAI’s founding co-chairs in 2015, but their relationship has devolved into name-calling and lawsuits.
Trump’s first 100 days: all the news impacting the tech industry
On Tuesday night, President Donald Trump issued a pardon to Ross Ulbricht, who ran the dark web marketplace Silk Road under the pseudonym “Dread Pirate Roberts.” Ulbricht has been serving a life sentence without parole since 2015, when he was convicted of multiple charges, including the distribution of narcotics.
MSNBC on MSN9d
‘Direct line’ to Trump: Ruhle on Elon Musk, Mark Zuckerberg, Jeff Bezos on inauguration stage
Stephanie Ruhle reacts to tech billionaires Elon Musk, Mark Zuckerberg and Jeff Bezos sitting right behind President Trump during the inauguration, closer to him than his cabinet.
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Elon Musk Explores Pardon for ‘Bitcoin Jesus’ Roger Ver Following Ulbricht Case
Elon Musk plans to review clemency for Bitcoin Jesus Roger Ver, echoing Ross Ulbricht’s pardon and igniting debates on privacy and justice.
ReadWrite13d
Elon Musk and Asmongold in row over billionaire’s gaming skills
Elon Musk faced backlash from Asmongold after being ... The ReadWrite Editorial policy involves closely monitoring the tech, gambling and blockchain industries for major developments, new product ...
The Associated Press on MSN10d
Billionaires' wealth skyrocketed last year, anti-poverty group says ahead of Davos gathering
Billionaires' wealth soared in 2024, a top anti-poverty group said ahead of an annual gathering in Davos, Switzerland of some of the world's political and financial elite.
Tesla reports $600 million bitcoin profit jump after digital assets rule change
A recent change in the rules for how companies account for digital assets led Tesla to report a $600 million mark-to-market gain.
Mark Cuban slams crypto industry leader for 'huge mistake'
Many people have expressed concern about their long-term value and Cuban is one of them. He recently predicted in a Bluesky post that “It’s just a matter of time until a lot o
Opinion
Opinion: Forget about the swamp — Trump’s bringing corporate sleaze into DC
The political populism of Carnegie’s Gilded Age has surged back to relevance with President Trump’s MAGA movement — but this time, Republicans want to ensure it aids the ultra-rich instead of the working class.
Diginomica2d
China’s DeepSeek – a slap in the face for US tech? What happens next?
A week ago, the US tech sector seemed untouchable as it stood at the President’s shoulder. Today? Not so much.
Inside the 'Mar-a-Lago of Las Vegas': Nevada's Answer to Donald Trump's Iconic Florida Resort Hits the Market for $21 Million
An expansive and exclusive Nevada resort that has been branded Las Vegas' answer to President Donald Trump 's infamous Mar-a-Lago estate in Florida has hit the market for $21 million—offering a rare opportunity for one budding business magnate to build out their own real estate legacy out west.