{"id":56471,"date":"2025-07-24T04:36:28","date_gmt":"2025-07-24T04:36:28","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/a-crypto-crutch-for-tesla-how-a-30-bitcoin-rally-is-propping-up-a-challenging-earnings-picture\/"},"modified":"2025-07-24T04:36:28","modified_gmt":"2025-07-24T04:36:28","slug":"a-crypto-crutch-for-tesla-how-a-30-bitcoin-rally-is-propping-up-a-challenging-earnings-picture","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/a-crypto-crutch-for-tesla-how-a-30-bitcoin-rally-is-propping-up-a-challenging-earnings-picture\/","title":{"rendered":"A crypto crutch for Tesla? How a 30% Bitcoin rally is propping up a challenging earnings picture"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/08_Tesla-5-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/08_Tesla-5-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/08_Tesla-5-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/08_Tesla-5-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Tesla\u2019s Bitcoin (BTC) holdings are now worth ~$1.2 billion after a 30% BTC price rally in Q2.<\/span><\/li>\n<li class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">A new US accounting rule (FASB) now allows Tesla to report the fair market value of its crypto holdings quarterly.<\/span><\/li>\n<li class=\"ng-star-inserted\"><span class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Tesla has not bought or sold any Bitcoin for eight straight quarters, with its holdings unchanged at a cost basis of $184M.<\/span><\/span><\/li>\n<\/ul>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Tesla\u2019s significant Bitcoin holdings are now worth approximately $1.2 billion, thanks to a powerful 30% rally in the cryptocurrency\u2019s price during the second quarter of this year.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This paper gain, highlighted by a recent change in US accounting rules, provides a bright spot in an otherwise challenging earnings report for the electric vehicle giant, which saw its core automotive revenue decline for a second straight quarter.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">According to its latest earnings report, Tesla\u2019s Bitcoin stash has benefited significantly from the crypto market\u2019s recent strength. Bitcoin is currently trading at around $118,000, a substantial increase from its price of $83,000 on April 1. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Based on data from BitcoinTreasuries.Net, which lists Tesla as holding 11,509 BTC, the automaker is the tenth largest publicly traded company to hold the crypto asset on its balance sheet.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This gain is now more visible to investors due to a new rule approved by the Financial Accounting Standards Board (FASB). Effective from the first quarter of 2025, the rule allows companies to report the fair market value of their crypto holdings each quarter. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Previously, corporate holders like Tesla were required to report their crypto assets at the lowest value they reached during the holding period, a method that often failed to reflect market recoveries. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This meant that even if Bitcoin\u2019s price rebounded, those gains would not be reflected on the balance sheet. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Now, Tesla\u2019s Bitcoin gains can be recognized each quarter, providing shareholders with a much clearer view of the asset\u2019s performance.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">While its crypto holdings have appreciated, Tesla\u2019s core business is facing significant headwinds. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The company reported second-quarter revenue of $22.5 billion, which, according to one set of figures in the source text, missed analyst estimates of $22.74 billion. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Adjusted earnings per share of $0.40 also reportedly fell below the expected $0.43. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">A clear point of weakness was the company\u2019s automotive revenue, which fell by 16% year-over-year, marking the second consecutive quarterly decline. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This follows a report from early July, in which Tesla had already disclosed a 14% drop in its Q2 vehicle deliveries, to 384,000 units.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The company\u2019s stock performance reflects these struggles. Shares of TSLA are down roughly 18% this year, a stark underperformance compared to other big tech names and the broader Nasdaq Composite, which is up about 9% in 2025. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Adding to its challenges, Tesla has delayed its affordable \u201cModel 2\u201d EV, leaving the field open for its rivals. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Chinese EV makers, in particular, are aggressively pushing cheaper, tech-laden vehicles that are steadily eating into Tesla\u2019s global market share.<\/span><\/p>\n<h2 class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The sound of silence: Tesla\u2019s unchanged Bitcoin treasury<\/span><\/h2>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Despite the significant market value of its crypto holdings, Tesla did not mention Bitcoin once in its second-quarter 2025 financial filing. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This silence is not new. The company has not added to or sold any of its Bitcoin for eight consecutive quarters. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">According to the 10-Q form filed with the SEC on July 23, the company\u2019s digital asset holdings remain unchanged at a cost basis of $184 million, the same value it reported in the first quarter of 2024, with no impairment losses or gains noted this time either.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Tesla had initially made a bold move into the crypto space, purchasing $1.5 billion worth of Bitcoin in early 2021. Since then, however, it has sold off the majority of its holdings, with the last major sale occurring in the second quarter of 2022, when it offloaded roughly 75% of its BTC stash.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Despite the recent financial and political turbulence surrounding the company, Tesla appears to be holding firm on its current crypto position\u2014for now. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">But with mounting pressure from declining revenues and various reputational hits, investors will be watching closely for any future changes to the company\u2019s digital asset strategy. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Following the earnings release, shares of TSLA were up a slight 0.71% in post-market trading, with the stock trading at $331.56.<\/span><\/p>\n<div class=\"ad-banner  container  pt-1\" data-partner=\"bitcoinpepe\">\n        <a href=\"https:\/\/bitcoinpepe.co\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/blockovate\/en-4.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/a-crypto-crutch-for-tesla-how-a-30-bitcoin-rally-is-propping-up-a-challenging-earnings-picture\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Tesla\u2019s Bitcoin (BTC) holdings are now worth ~$1.2 billion after a 30% BTC price rally in Q2. A new US accounting rule (FASB) now allows Tesla to report the fair market value of its crypto holdings quarterly. Tesla has not bought [&hellip;]<\/p>\n","protected":false},"author":3947362378,"featured_media":56472,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/56471"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362378"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=56471"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/56471\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/56472"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=56471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=56471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=56471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}