Bitcoin has rallied over 50% since Donald Trump’s election win and is currently trading near the $106,000 mark.

Tesla Inc.’s holdings of Bitcoin gave its latest quarterly results a boost, courtesy of new accounting rules for digital assets.

According to Tesla's quarterly report, the company made $2.3 billion in net income in Q4 2024. Net income is the amount the company actually made after subtracting its expenses from its revenue total. That's a whopping 70 percent decrease in net income compared to Q4 2023.

The electric-car maker reported net income of $2.5 billion, a result driven in part by strong growth in Tesla’s energy business .

The days of never-ending growth are over. Tesla was only able to increase turnover by one per cent last year - and only thanks to its growing energy business.

The electric car company run by Elon Musk is facing increasing competition, but investors have focused mostly on the prospects for Tesla’s self-driving technology.

Tesla earnings day is upon us — the quarterly check in with one of the world's largest EV makers and its controversial CEO Elon Musk. Tesla's

The Tesla CEO's net worth fell by around $4 billion yesterday, however, according to the Bloomberg Billionaire Index.