$TSLA Earnings on October 20, reaches $900?
post media
Nathan Worden's avatar
@aquiba has written about the interesting way Tesla reports bitcoin on their financial statements.

Only realized (sold) gains and losses from Bitcoin are recognized on Tesla’s Profit and Loss Statement.

The unrealized (unsold) gains and losses are ignored from Tesla’s financial statements.

So as far as the financial statements are concerned, the headline is a little misleading, because Bitcoin wouldn’t be realized as ‘profit’ unless it had been sold.
Mel's avatar
@themelmillsOctober 14
Very reachable imo.
João Neves's avatar
@jon_snow_ptOctober 14
Author
Yes, but it has the mind effect, since the results are going to be positive, knowing that they seat over a 1 Bilion profit in BTC will make the stock price to go up.

Author

Related

Already have an account? Log in