Tesla keeps 11,509 Bitcoin, reports $112M Q2 loss

Tesla maintained its Bitcoin holdings at 11,509 BTC through the second quarter of 2026, recording a $112 million after-tax loss on its digital assets due to a sharp decline in the cryptocurrency's price during the period. The electric vehicle maker reported mixed financial results, with revenue beating expectations but earnings falling short, as it continued a nearly four-year streak of neither buying nor selling Bitcoin.

The company's Bitcoin holdings have remained unchanged since 2022. During the second quarter, which ended June 30, Bitcoin's price fell approximately 14%, declining from around $83,000 in early April to about $58,000 by late June. This drop triggered a $112 million after-tax fair-value adjustment on Tesla's balance sheet, reflecting updated accounting standards that require companies to recognize quarterly gains or losses based on market prices at the end of each reporting period. Although Bitcoin had recovered to roughly $65,840 by the time Tesla released its earnings on July -22-23, 2026, that subsequent rebound did not affect the quarterly financial statement.

Tesla's core automotive business delivered 480,126 vehicles during the quarter, representing...