During the Q4 2024 earnings conference call for Tesla, the global leader in electric vehicles, we gained a comprehensive understanding of the company’s operations over the previous months. In this discussion, Chief Financial Officer Vaibhav Taneja disclosed an essential detail about their bookings: The company earned approximately $600 million from Bitcoin (BTC) during Q4.
During the fourth-quarter earnings conference in 2024, Vaibhav Taneja confirmed that Tesla had reaped advantages from its substantial Bitcoin investments. Given Elon Musk’s public support for digital currencies, it’s not surprising that Tesla was keeping a significant amount of Bitcoin.
As a gamer, I can’t help but feel exhilarated when I see the incredible surge Bitcoin experienced in Q4! It started at an impressive $64,711 on October 1, and then, oh man, it reached an all-time high of $106,490 on December 17. Even Tesla got a piece of that sweet growth pie, pocketing approximately $600 million!
During Tesla’s Q4 2024 financial summary, CEO Elon Musk expressed his conviction that Tesla could eventually surpass all other companies in terms of market value.
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2025-01-30 02:57