Tesla Reports $80M Gain from Bitcoin Holdings in Q3

Tesla Books $80M Bitcoin Gain in Q3 as Holdings Rise to $1.35B

Tesla (TSLA) reported an $80 million gain on its Bitcoin holdings in the third quarter, reflecting the cryptocurrency’s price appreciation during the period.

As of September 30, the company held 11,509 BTC, valued at approximately $1.35 billion, up from $1.235 billion three months earlier. The gain is booked under new FASB rules, which now require companies to report quarterly gains or losses on digital assets, rather than marking them down to the lowest value of the period.

For context, Tesla posted Q3 revenue of $28.1 billion, surpassing estimates of $26.36 billion, while adjusted EPS came in at $0.50, slightly below forecasts of $0.54. Adjusted EBITDA totaled $4.3 billion, and the company held $41.6 billion in cash and equivalents at quarter-end.

Shares of TSLA were modestly lower in after-hours trading at $434.

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