Live through bitcoin, take depreciation fees through bitcoin.
Wall Street can be a position of laughter: a detail of laughter, a detail of laughter, ha, ha. A company’s valuation is based on reading monetary statements, assigning multiples to parts such as net profit, operating profit, or even balance sheet portions.
We’re a bit simplistic here, but you see the picture. There are many tactics for reading about a business and many tactics for analyzing data. For Tesla, it may be in complex vehicles, but parallel history (or the parallel spectacle?) is similar to bitcoin, because if Elon Musk is at the helm of the company that aims to take us on long-term walks (on earth and in space), it is also a component of the vanguard that is helping to stoke the fires of bitcoin and cryptocurrencies in general.
Tesla’s most recent effects show how the volatility of bitcoin, and cryptocurrencies in general, can have an effect on monetary states and at least on the optics of a company’s wealth.
The company’s June quarter statements show that a impairment rate of $23 million affected its operating source of revenue, which is quite negligible compared to the $1. 3 billion in operating source of revenue that was reported in the quarter, but the depreciation contrasts with the more than $100 million accumulated in earnings from bitcoin sales observed in the first quarter.
Volatility and domino effects
Bitcoin’s value volatility fluctuates this year, where the zenith was around $65,000, the recent nadirs of less than $30,000 and the recent value of just over $38,000, has had a domino effect on monetary statements.
It should be noted that the domino effect occurs here and there, when and if Tesla sells those assets. And in the latest earnings release, where no transactions (buy or sell) were explicitly announced, the virtual assets (which would be bitcoins) on the balance sheet were solid at $1. 3 billion, roughly the same as in the March quarter. In the recent peak period, Musk and the other participants in the earnings appeal did not mention bitcoin at all.
Musk, of course, said not long ago that the company wouldn’t sell its bitcoin, but asked over and over again whether the company would settle for the virtual offering as a means of payment. . Earlier this month, he said Tesla would “probably” start settling for bitcoin as a means of payment. If this were to happen, the effect would be felt on the source of revenue (in turnover, leaked at Musk said that the bitcoin paid to the company would be kept in bitcoin and not switched to fiat, meaning that payments/products will eventually be settled on the balance sheet.
Wild fluctuations in cryptography, combined with the accounting rule that impairment fees will have to be charged on intangible assets when recent costs fall below the price of the e-book, have an effect on profits. attention of the main business and / or make it more complicated to set the price of the company.
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