Tesla absorbed a $112 million after-tax impairment loss on its Bitcoin holdings last quarter while maintaining its 11,509 BTC position. Bitcoin is trading around $66,500, down about 0.6% over the past 24 hours. Tesla’s position, now worth roughly $765 million, has remained unchanged since selling roughly 75% of its original stake in 2022. Non-GAAP EPS came in at $0.33, missing the $0.55 consensus estimate, though revenue of $28.2 billion beat expectations of $27.6 billion. If Bitcoin holds above $66,500 with strengthening volume, the next upside target sits around $73,000 to $75,000, with a base case favoring sideways trading between $62,000 and $70,000.
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