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A crypto crutch for Tesla? How a 30% Bitcoin rally is propping up a challenging earnings picture

A crypto crutch for Tesla? How a 30% Bitcoin rally is propping up a challenging earnings picture

Tesla’s Bitcoin (BTC) holdings are now worth ~$1.2 billion after a 30% BTC price rally in Q2. A new US accounting rule (FASB) now allows Tesla to report the fair market value of its crypto holdings quarterly. Tesla has not bought or sold any Bitcoin for eight…

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