Tesla Q2 Bitcoin Holdings Remain Unchanged at 11,509 BTC, Confirms $112 Million Impairment Loss

TechFlow news, July 23, according to CoinDesk, Tesla did not increase or decrease its Bitcoin holdings in the second quarter, continuing to hold 11,509 BTC. As Bitcoin fell approximately 14% during the quarter, the company recorded an after-tax impairment loss of $112 million on its digital assets.

The financial report also showed that Tesla's second-quarter revenue was $28.2 billion, higher than the market expectation of $27.6 billion; non-GAAP earnings per share was $0.33, lower than the analyst expectation of $0.55. The report pointed out that Tesla has not bought or sold Bitcoin since 2022.