Tesla Q3: $80M Bitcoin Gain Lifts Valuation to $1.35B
Tesla reported an $80 million fair value gain on its 11,509 Bitcoin holdings in Q3. This uplift raised its crypto valuation to roughly $1.35 billion. Under new FASB accounting rules, gains and losses on crypto assets are recognised quarterly. The EV maker posted revenue of $28.1 billion, beating the $26.36 billion estimate, while adjusted EPS of $0.50 missed the $0.54 forecast. Adjusted EBITDA reached $4.3 billion. Tesla held $41.6 billion in cash and equivalents at quarter end. After hours, TSLA shares dipped slightly to about $434. Traders should note how Bitcoin volatility now directly impacts Tesla’s earnings under updated crypto accounting standards.
Neutral
The $80 million fair value gain reflects Bitcoin’s price appreciation but does not alter Tesla’s 11,509 BTC position. As the market has largely priced in the effect of new FASB accounting rules, this volatility-driven earnings boost is unlikely to trigger significant buying or selling pressure. In the short term, traders may view the gain as a positive sign of crypto market strength, supporting moderate bullish sentiment. However, the lack of asset accumulation or strategic change by Tesla limits longer-term price impact. As a result, Bitcoin’s price outlook remains neutral pending further adoption or corporate activity.