Tesla reveals it didn’t sell any Bitcoin holdings in Q3
According to Tesla’s Q3 financial filings, the company’s automotive sales declined slightly since Q2 2024, while leases increased slightly.
Update Oct. 23 10:30 UTC: This article has been updated to reflect that the Arkham Intelligence numbers are correct and that Tesla uses fair value, not market value, to calculate digital asset prices.
Tesla reported its Q3 2024 earnings on Oct. 23, revealing that the company has not sold any of the $184,000,000 in digital asset investments during the quarter and has not sold any crypto for five consecutive business quarters.
According to the automotive company’s financial statements, revenue for Q3 was north of $25.18 billion — slightly down compared to Q2 revenue of approximately $25.5 billion. Net income for the quarter was roughly $2.18 billion — a sharp increase from Q2’s roughly $1.5 billion.
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Author: Vince Quill
