Tesla’s Q2 Report Is Out — Did They Sell Any Bitcoin?
The company posted a net profit of $1.2 billion, up sharply from just over $400 million in the previous quarter.
A significant portion of this turnaround came from a $284 million unrealized gain on Bitcoin, as the cryptocurrency rallied past $120,000 amid surging institutional demand and ETF inflows. New accounting rules now allow such gains to be included in earnings, further boosting Tesla’s bottom line.
While overall revenue dropped 12% year-over-year to $22.5 billion, Tesla is increasingly pivoting toward software and automation. The company recently launched its first driverless robotaxi service in Austin and delivered a vehicle to a customer using its upgraded Full Self-Driving system. Behind the scenes, Tesla has expanded its AI infrastructure by integrating 16,000 H200 GPUs for training.
Despite weaker vehicle sales, Tesla ended the quarter with $36.8 billion in liquidity and remains committed to its AI roadmap. Elon Musk emphasized a focus on cost efficiency and technology as Tesla shifts its long-term strategy.
Bitcoin’s contribution to Tesla’s earnings may also encourage other firms to follow suit. Corporate buyers acquired over $800 million in BTC last week, signaling that digital assets could play a growing role in corporate treasuries.
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Filed under: Bitcoin - @ July 23, 2025 11:14 pm