Tesla Booked $80M Profit on Bitcoin Holdings in Q3

Tesla (TSLA) Earnings: Rise in BTC Value Adds $80M to Bottom Line

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The company’s digital asset holdings were valued at $1.315 billion as of Sept. 30 versus $1.235 billion three months earlier.

By James Van Straten, AI Boost|Edited by Stephen Alpher

Updated Oct 22, 2025, 8:34 p.m. Published Oct 22, 2025, 8:18 p.m.

Elon Musk
  • Tesla apparently made no changes in its bitcoin holdings during the third quarter, but bitcoin’s rising price during the three months allowed the company to book an $80 million profit.
  • As for operating results, Tesla topped revenue estimates but was shy of Wall Street consensus on adjusted EPS.
  • Shares were modestly lower in after hours trading.

Tesla (TSLA) continued to hold 11,509 BTC, valued at around $1.35 billion as of the end of the third quarter (valued somewhat less as of today).

The rise in bitcoin’s value during the third quarter allowed the company to book an $80 million gain on its holdings. For perspective, adjusted EBITDA for the quarter was $4.3 billion and the company was sitting on total cash and equivalents of $41.6 billion as of the end of the quarter.

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The electric vehicle manufacturer reported third quarter revenue of $28.1 billion, topping estimates for $26.36 billion. Adjusted EPS (which would not include digital asset gains) of $0.50 was shy of forecasts for $0.54.

Thanks to new FASB rules, Tesla must now recognize bitcoin gains or losses every quarter. Previously, firms were required to mark their holdings down to the lowest value reached during the reporting period.

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

AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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