Bitcoin giveth and Bitcoin taketh away. No matter how you account for it.
Tesla reported a $97 million loss due to digital assets, the company’s Bitcoin holdings. In the fourth quarter, there was a gain of $270 million.
Tesla now excludes Bitcoin swings from its non-GAAP results. GAAP is short for generally accepted accounting principles. Many, if not most, companies report GAAP and adjusted numbers. Tesla also backs out stock-based compensation from its adjusted numbers.
www.barrons.com
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