| Mobile Web

Search results for Q

Mobility

Tesla finalises $2 billion AI hardware acquisition, keeps target undisclosed

Tesla has completed a previously undisclosed acquisition of an AI hardware company for $1.95 billion, largely paid in common stock and stock-based compensation. Only $222 million was recognised as acquired intangible assets, while $1.73 billion was set as contingent consideration linked to employee retention and performance milestones. Tesla did not disclose the target’s name or details. It said it would recognise costs for the contingent amount only if achievement becomes probable.

Crypto

Bitcoin may shake off \'Q-Day\' fears as quantum roadmap becomes rebound catalyst

Bitcoin could rise by double digits if its developers present a clear roadmap to counter quantum-computing threats, according to Capriole Investments founder Charles Edwards. He said markets could quickly reprice the risk if Bitcoin Core outlines steps within months. Debate continues over moving to quantum-resistant cryptography, with some warning changes could clash with Bitcoin’s philosophy. Edwards estimates Bitcoin trades about 40 percent below fair value, with quantum risk accounting for a 30 percent discount.

Crypto

Tesla posts $112 million fair-value loss on bitcoin in second quarter

Tesla recorded a $112 million pretax fair-value loss in the second quarter due to falling cryptocurrency prices, cutting net income even without selling assets. Net income attributable to common shareholders fell $87 million after tax and earnings per share dropped $0.02. Digital assets had a carrying value of $674 million at June 30. Under FASB rules, digital assets are revalued each quarter, with changes hitting net income immediately.