Overview
- Tesla held about 11,509 BTC through the quarter with no purchases or sales disclosed.
- The position was valued at roughly $1.315 billion on September 30, up from $1.235 billion at the end of Q2.
- New FASB guidance requires quarterly fair‑value recognition of crypto assets, allowing unrealized gains and losses to flow through net income.
- The crypto gain was small relative to adjusted EBITDA of about $4.3 billion and cash and equivalents of $41.6 billion, as adjusted EPS of $0.50 missed the $0.54 estimate.
- Blockchain data showed SpaceX moved about $268.5 million in BTC this week, which analysts described as routine treasury rebalancing.