Tesla’s digital-asset holdings declined from $786 million to $674 million during the second quarter of 2026, producing a $112 million unrealized pretax loss under fair-value accounting rules.
The carrying-value drop resulted in an $87 million after-tax reduction to GAAP net income and a loss of $0.02 per diluted share, according to CryptoSlate Editor-in-Chief Liam ‘Akiba’ Wright, who reviewed Tesla’s financial disclosures. The loss had no impact on operating cash flow.
Accounting Treatment and Adjusted EBITDA
Under Financial Accounting Standards Board (FASB) crypto-asset standards, digital holdings are measured at fair value each reporting period with changes flowing directly into net income. Tesla added back the full $112 million loss when calculating adjusted EBITDA, leaving that metric unchanged at $3.273 billion for Q2.
This treatment reflects FASB’s symmetrical approach: unrealized gains and losses on crypto holdings affect GAAP earnings but are excluded from adjusted EBITDA calculations. The unrealized loss produced no operating cash outflow, meaning no Bitcoin was sold to realize the decline.
Asset Composition and Scale
Bitcoin made up the majority of Tesla’s digital assets as of March 31, 2026. Tesla held 11,509 BTC acquired for $386 million as of that date, though the company did not disclose its Bitcoin unit count or any digital-asset transactions in Q2.
Digital assets represented 0.454% of Tesla’s total assets at quarter-end, indicating the company is not operating like a dedicated Bitcoin treasury company. Tesla’s total assets stood at $148.524 billion as of June 30, 2026.
Filing Status
CryptoSlate checked Tesla’s investor-relations page on July 23, 2026 and found no Q2 Form 10-Q filing listed. The status of Tesla’s quarterly filing remains unclear.
The $112 million unrealized loss contrasts with Q4 2024, when Tesla recorded a $600 million GAAP net income lift from a fair-value benefit on its digital assets.
