Tesla still holds 11.509 $BTC , valued at approximately 1.35 billion USD at the end of Q3. Thanks to a strong surge in Bitcoin prices, the company gained an additional 80 million USD from digital assets — although it is just a drop in the ocean compared to an EBITDA of 4.3 billion USD and revenue of 28.1 billion USD (exceeding expectations). However, EPS only reached 0.50 USD, lower than forecast. According to the new accounting regulations of FASB, Tesla will have to recognize both gains and losses from Bitcoin each quarter, instead of only when prices plummet.
TSLA stock is currently around 434 USD, slightly down after trading hours.
💬 This article does not recommend buying Bitcoin, unless you have Elon Musk in your contacts. 😎