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Leeleegan829
Leeleegan829
·
2021-06-23
[Cry]
Tesla’s Bitcoin Bet Is Going Bad. Here’s How Much It Could Lose.
The latest fall in Bitcoin sent the price past a threshold that likely would force Tesla to recogniz
Tesla’s Bitcoin Bet Is Going Bad. Here’s How Much It Could Lose.
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Leeleegan829
Leeleegan829
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2021-06-23
[Miser]
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Leeleegan829
Leeleegan829
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2021-06-23
[Grin]
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Leeleegan829
Leeleegan829
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2021-06-23
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Leeleegan829
Leeleegan829
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2021-06-23
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Leeleegan829
Leeleegan829
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2021-05-18
Great ariticle, would you like to share it?
@Ahmong:
$TOP GLOVE CORPORATION BHD(BVA.SI)$Most of the shares going up except for TG 😭this share is so unpopular?
$TOP GLOVE CORPORATION BHD(BVA.SI)$Most of the shares going up except for TG 😭this share is so unpopular?
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Leeleegan829
Leeleegan829
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2021-05-07
Good advice.
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Leeleegan829
Leeleegan829
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2021-05-01
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Leeleegan829
Leeleegan829
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2021-04-30
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Leeleegan829
Leeleegan829
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2021-04-29
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Bitcoin could be part of the reason.</p>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla’s Bitcoin Bet Is Going Bad. 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Here’s How Much It Could Lose.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 17:50 GMT+8 <a href=https://www.barrons.com/articles/tesla-bitcoin-losses-accounting-51624373337?siteid=yhoof2><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The latest fall in Bitcoin sent the price past a threshold that likely would force Tesla to recognize a loss on its holdings if the cryptocurrency doesn’t rebound by the end of the month. That would ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-bitcoin-losses-accounting-51624373337?siteid=yhoof2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-bitcoin-losses-accounting-51624373337?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179305353","content_text":"The latest fall in Bitcoin sent the price past a threshold that likely would force Tesla to recognize a loss on its holdings if the cryptocurrency doesn’t rebound by the end of the month. That would raise more concerns about earnings quality at the electric-vehicle company.\nEarly on Tuesday, Bitcoin was trading at about $29,500, down 9.5% and about 54% below the 52-week high of almost $65,000 it reached in April. It was trading up 0.6% at $32,697.20 at 2:02 p.m.\nThe drop is a problem for Tesla because accounting regulators consider Bitcoin a collectible, so investments in the currency are held at cost. Gains are only recorded when Bitcoin is sold, but companies have to recognize losses when the currency falls below its carrying value. Corporate investors get the pain of losses, but not the boost from gains, while they hold the currency.\nThe accounting is different than for stocks, or traditional currencies, which are marked to market, with both gains and losses reflected in earnings even if a holding isn’t sold.\nTesla was thought to have purchased Bitcoin at about $36,000, the price prevailing when the company announced its investment in February, but the price appears to have been closer to $32,000, based on its first-quarter financial filing. Tesla didn’t immediately respond to a request for comment on its Bitcoin holdings or trading.\nThe filing said the value of Tesla’s holding was $2.48 billion as of March 31, when the price was at almost $59,000. That indicates the company held about 42,000 coins. Tesla listed the holding value of those coins—the price it paid for them—at $1.33 billion. for an average cost per coin of $31,620.\nIf Bitcoin is trading at $29,500 at the end of June, when Tesla wraps up its second quarter, the company would be sitting on a loss of almost $90 million.\nTesla recognized a gain on sales of Bitcoin sale of roughly $100 million in the first quarter. That helped the company earn more than Wall Street analysts expected, but also created some confusion for investors. Some analysts raised concerns about the quality of Tesla’s earnings, reasoning that earnings “beats” should be driven by the underlying business, and not by one-time items.\nIt looks as if analysts and investors will have to deal with another one time item in the company’s second-quarter report. This one won’t be a positive.\nTesla stock was down a little in early trading, while the S&P 500 was marginally higher. Bitcoin could be part of the reason.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2044,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121027818,"gmtCreate":1624445791534,"gmtModify":1631891439728,"author":{"id":"3582082065771283","authorId":"3582082065771283","name":"Leeleegan829","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582082065771283","authorIdStr":"3582082065771283"},"themes":[],"htmlText":"[Miser] ","listText":"[Miser] ","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/121027818","repostId":"1196569246","repostType":4,"isVote":1,"tweetType":1,"viewCount":804,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121027305,"gmtCreate":1624445774107,"gmtModify":1631891439741,"author":{"id":"3582082065771283","authorId":"3582082065771283","name":"Leeleegan829","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582082065771283","authorIdStr":"3582082065771283"},"themes":[],"htmlText":"[Grin] ","listText":"[Grin] ","text":"[Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/121027305","repostId":"1127447179","repostType":4,"isVote":1,"tweetType":1,"viewCount":919,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121024263,"gmtCreate":1624445742852,"gmtModify":1631891439753,"author":{"id":"3582082065771283","authorId":"3582082065771283","name":"Leeleegan829","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582082065771283","authorIdStr":"3582082065771283"},"themes":[],"htmlText":"[Miser] ","listText":"[Miser] ","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/121024263","repostId":"2145531099","repostType":4,"isVote":1,"tweetType":1,"viewCount":907,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121025291,"gmtCreate":1624445719513,"gmtModify":1631891439774,"author":{"id":"3582082065771283","authorId":"3582082065771283","name":"Leeleegan829","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582082065771283","authorIdStr":"3582082065771283"},"themes":[],"htmlText":"👍🏻 ","listText":"👍🏻 ","text":"👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/121025291","repostId":"1145825451","repostType":4,"isVote":1,"tweetType":1,"viewCount":702,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195760186,"gmtCreate":1621316835845,"gmtModify":1631891439783,"author":{"id":"3582082065771283","authorId":"3582082065771283","name":"Leeleegan829","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582082065771283","authorIdStr":"3582082065771283"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/195760186","repostId":"195544936","repostType":1,"repost":{"id":195544936,"gmtCreate":1621304122725,"gmtModify":1631885376872,"author":{"id":"3577848992400813","authorId":"3577848992400813","name":"Ahmong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577848992400813","authorIdStr":"3577848992400813"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BVA.SI\">$TOP GLOVE CORPORATION BHD(BVA.SI)$</a>Most of the shares going up except for TG 😭this share is so unpopular?","listText":"<a href=\"https://laohu8.com/S/BVA.SI\">$TOP GLOVE CORPORATION BHD(BVA.SI)$</a>Most of the shares going up except for TG 😭this share is so unpopular?","text":"$TOP GLOVE CORPORATION BHD(BVA.SI)$Most of the shares going up except for TG 😭this share is so unpopular?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/195544936","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":711,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104905565,"gmtCreate":1620348217057,"gmtModify":1631891439797,"author":{"id":"3582082065771283","authorId":"3582082065771283","name":"Leeleegan829","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582082065771283","authorIdStr":"3582082065771283"},"themes":[],"htmlText":"Good advice.","listText":"Good advice.","text":"Good 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