Tesla posts $112M crypto loss; holdings at $674M

Tesla recorded a $112 million unrealized pretax loss on its digital-asset holdings in the second quarter of 2026, reducing the carrying value to $674 million as of June 30. The fair-value markdown lowered GAAP earnings by $87 million after tax, about $0.02 per diluted share.

The company reported $786 million in digital assets at March 31, 2026. Tesla’s March filing showed Bitcoin made up the majority of those holdings, including 11,509 BTC acquired for $386 million. The June 30 shareholder presentation did not disclose a coin count or note any disposals. A Q2 Form 10-Q had not appeared on Tesla’s investor-relations page as of July 23, 2026.

Under the Financial Accounting Standards Board standard for crypto assets, covered holdings are measured at fair value each reporting period and changes are recorded in net income. That accounting treatment creates unrealized gains when market prices rise and unrealized losses when they fall, whether or not any coins are sold.

In its reconciliation to adjusted EBITDA, Tesla added back the full $112 million unrealized loss, yielding an adjusted EBITDA of $3.273 billion for the quarter. The unrealized charge required no cash outflow and did not affect operating cash flow.

On a balance-sheet basis, the $674 million digital-asset balance represented about 0.454% of Tesla’s $148.524 billion in total assets at quarter end. The accounting treatment means fluctuations in crypto prices can change reported GAAP earnings without directly altering Tesla’s cash position.

Tesla’s fourth-quarter 2024 results provide a prior instance of the accounting effect, when a fair-value gain boosted GAAP net income by roughly $600 million. Future fair-value swings will affect GAAP earnings, and Tesla’s adjusted-EBITDA reconciliation may continue to exclude those unrealized items.

The company’s next primary filing should be the source for any updated disclosure on the number of Bitcoin units held or any transactions affecting the position. Until that filing is published, the change in carrying value is the main public indication of the accounting impact on Tesla’s Q2 results.