Tesla books $112 million crypto paper loss as digital assets fall to $674 million
Tesla’s Q2 2026 results were hit by a crypto-market decline that caused a $112 million pretax unrealized loss on digital assets, reducing after-tax earnings by $87 million, or $0.02 per diluted share. Its digital-asset carrying value fell from $786 million to $674 million at June 30, 2026. Most of the holdings were previously disclosed as Bitcoin, but the Q2 update did not give a coin count or disclose any sales. Under FASB crypto accounting, these assets are marked to fair value each quarter, so price swings flow through net income. Tesla’s adjusted EBITDA excluded the full $112 million loss, leaving the noncash charge out of the preferred metric. The digital assets were only about 0.45% of Tesla’s total assets, so the company is not functioning like a Bitcoin treasury, though crypto volatility still affects reported profit.
