Tesla's Q2 Bitcoin revenue is $284 million, Musk failed to restore investor confidence, and TSLA fell 4% in after-hours trading.

TSL (Tesla) announced its fourth quarter financial report this morning, with both second quarter profits and revenues falling below analyst expectations. Musk warned that as the incentives such as the U.S. electric vehicle tax credits are eliminated, TSL will face several "difficult quarters." The market capitalization of Bitcoin held by TSL has risen to $1.235 billion, bringing in $284 million in unrealized profits for the second quarter, but TSL has excluded it from the adjusted EPS (adjusted EPS), demonstrating its determination not to let significant fluctuations in Bitcoin affect its financial report numbers.

Tesla's revenue declined, TSLA dropped 4% after hours.

Tesla's revenue in the second quarter fell by 12% to $22.5 billion, marking the largest drop in a decade, with adjusted earnings per share of 40 cents, slightly below analysts' average expectations. Musk warned that with the cancellation of incentives such as the U.S. electric vehicle tax credit, Tesla will face several "difficult quarters."

Although this report did not bring any new heavyweight news, TSL continues to advance its autonomous taxi and affordable car plans, but the company's conference call with analysts ultimately failed to alleviate concerns about future developments. Musk unusually downplayed the prediction that by the end of this year, autonomous taxi services will expand to new cities, but he warned that the expiration of electric vehicle incentives will impact its core automotive business.

Tesla's stock price (TSLA) fell more than 4% after hours, down 15% year-to-date, making it the worst-performing stock among the seven major players.

TSL recognizes Bitcoin revenue of 284 million

According to Tesla's Q2 2025 financial report, the market capitalization of Bitcoin held by the company has risen to approximately $1.235 billion, mainly due to the price increase of Bitcoin this quarter and the new accounting rules implemented by the Financial Accounting Standards Board (FASB) starting in 2025. These rules allow companies to assess the value of cryptocurrency assets at fair market value on a quarterly basis, replacing the previous practice of accounting for assets at the lowest holding value.

Benefiting from the rise of Bitcoin, TSL recognized an unrealized profit of 284 million USD this quarter. However, TSL excluded it from adjusted EPS, also demonstrating TSL's determination not to let the significant fluctuations of Bitcoin impact its financial report numbers.

Arkham data shows that the company holds approximately 11,509 BTC, which has not changed since mid-2022.

This article states that Tesla's Q2 Bitcoin earnings were 284 million USD, and Musk failed to regain investor confidence, with TSLA dropping 4% in after-hours trading. It first appeared in Chain News ABMedia.