Tesla recorded a $112 million unrealized loss on its digital assets in Q2, with the value of these assets declining from $786M to $674M. This loss reduced GAAP earnings by $87M after tax, or $0.02 per diluted share. Tesla added back the full $112M loss to calculate adjusted EBITDA of $3.273B, showing how the paper loss only affected reported GAAP earnings, not adjusted earnings. The digital asset balance of $674M represented 0.454% of Tesla’s total assets of $148.524B, with Bitcoin comprising the majority of holdings including 11,509 BTC acquired for $386M.
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