TREE NEWS reports: Tesla reported third-quarter revenue of $28.05 billion, essentially flat year over year, with adjusted earnings per share of $0.48 beating the $0.45 consensus. GAAP net income fell 43% to $787 million and operating income dropped 56% to $718 million, while free cash flow came in at $1.53 billion against expectations of negative $4.921 billion. The company did not sell any bitcoin in the quarter and still holds 11,509 BTC, including $288 million in unrealized gains on the holdings in its GAAP net income.
Tesla Q3 revenue $28.05B, holds 11,509 BTC with no sales
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AI take
The bitcoin line is the quiet tell here: with no sales, Tesla's 11,509 BTC position and its $288 million unrealized gain now feed directly into GAAP net income, so the treasury is a real earnings variable rather than a footnote. That matters most for the corporate-treasury crowd watching whether large holders treat BTC as a balance-sheet asset to be held through a weak operating quarter. The open question is whether Tesla's no-sale stance holds as operating income and net income compress.
Generated by AI for reference only.
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