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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.
Updated Oct 22, 2025, 8:34 p.m. Published Oct 22, 2025, 8:18 p.m.
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.
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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What to know:
- Coinbase says its Coinbase One Card is now open to U.S. customers who are, or become, Coinbase One members at $49.99 a year.
- Coinbase's new card offers up to 4% back in bitcoin, no foreign transaction fees, and lets users pay their bill from a linked bank account or with crypto held on Coinbase.
- On Oct. 20, Gemini announced the Solana edition of the Gemini Credit Card with category bonuses, merchant offers up to 10% and optional auto-staking for SOL rewards.
