Tesla announced its fourth-quarter financial report this morning, with second-quarter earnings and revenue falling below analyst expectations. Musk warned that Tesla will face several "difficult quarters" as incentive measures such as electric vehicle tax credits in the United States are canceled. Tesla's Bitcoin holdings have risen to $1.235 billion, bringing in $284 million in unrealized profits for the second quarter. However, Tesla excluded this from its adjusted EPS, demonstrating its determination to prevent Bitcoin's significant volatility from affecting its financial report figures.
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ToggleTesla's Revenue Declines, TSLA Drops 4% After Hours
Tesla's second-quarter revenue declined by 12% to $22.5 billion, the largest drop in a decade, with adjusted earnings per share at 40 cents, slightly below analyst expectations. Musk warned that Tesla will face several "difficult quarters" as incentive measures such as electric vehicle tax credits in the United States are canceled.
Although the report did not bring any major new revelations, and Tesla continues to advance its autonomous taxi and affordable car plans, the company's earnings call ultimately failed to alleviate concerns about future development. Musk cautiously predicted that autonomous taxi services would expand to new cities by the end of the year, but warned that the expiration of electric vehicle incentives would impact its core automotive business.
Tesla's stock (TSLA) dropped over 4% after hours and has declined 15% year-to-date, making it the worst-performing stock among the seven tech giants.
Tesla Recognizes Bitcoin Earnings of $284 Million
According to Tesla's 2025 second-quarter financial report, the company's Bitcoin holdings have risen to approximately $1.235 billion, mainly due to the rise in Bitcoin prices this quarter and the new accounting rules implemented by the Financial Accounting Standards Board (FASB) since 2025. These rules allow companies to assess the value of crypto assets at fair market value quarterly, replacing the previous method of recording assets at the lowest held value.
Benefiting from the rise in Bitcoin, Tesla recognized $284 million in unrealized profits this quarter. However, Tesla excluded this from its adjusted EPS, demonstrating its determination to prevent Bitcoin's significant volatility from affecting its financial report figures.
Arkham data shows that the company holds approximately 11,509 BTC, which has remained unchanged since mid-2022.
Risk Warning
Cryptocurrency investments carry high risks, and prices may fluctuate dramatically. You may lose all of your principal. Please carefully assess the risks.
