Tesla Reports $80 Million Bitcoin Gain Amid Strong Q3 Revenue Growth

Tesla (NASDAQ: TSLA) reported impressive third-quarter results, buoyed by rising Bitcoin prices that added an $80 million gain to the company’s balance sheet. The electric vehicle giant continues to hold 11,509 BTC, valued at approximately $1.35 billion as of the quarter’s end—though slightly less at current market prices.

The surge in Bitcoin’s value during Q3 contributed positively to Tesla’s earnings, thanks to updated Financial Accounting Standards Board (FASB) rules. These new accounting standards now require companies to report both unrealized gains and losses on their digital assets each quarter, replacing the older rule that only allowed downward value adjustments. This change provides a clearer picture of Tesla’s crypto holdings and their impact on financial performance.

Tesla’s total revenue reached $28.1 billion, surpassing Wall Street estimates of $26.36 billion. However, its adjusted earnings per share (EPS) of $0.50 fell short of analyst expectations of $0.54. Despite this, Tesla’s adjusted EBITDA hit $4.3 billion, and its total cash and cash equivalents stood at a robust $41.6 billion by quarter’s end, underscoring the company’s strong financial position.

Tesla’s ongoing Bitcoin investment remains one of the most closely watched corporate crypto positions in the market. The company’s strategic decision to retain its Bitcoin holdings signals long-term confidence in digital assets, even amid volatility.

Following the earnings report, Tesla shares were modestly lower in after-hours trading, slipping to $434. Nonetheless, the company’s diversified balance sheet, solid revenue growth, and strengthened financial transparency continue to position it as a leader at the intersection of innovation, technology, and finance.