Tesla Reports $112 Million Bitcoin Loss in Q2 2026

Tesla Inc. reported an after-tax impairment loss of $112 million on its digital asset holdings for the second quarter of 2026. This mark represents the third consecutive quarter of losses for the electric vehicle manufacturer. The loss is an accounting charge driven by 2024 FASB rules requiring digital assets to be marked to market, reflecting a 14% decline in Bitcoin's price from approximately $83,000 in early April to $58,000 by June 30.

Despite the paper loss, Tesla maintained its treasury of 11,509 BTC and has neither bought nor sold the cryptocurrency since 2022. These figures were released alongside mixed Q2 financial results, where the company beat analyst expectations with $28.2 billion in revenue but missed projected non-GAAP earnings per share of $0.33 against a consensus of $0.55. Tesla also reported negative free cash flow of $1.1 billion for the period.