Overview
- Tesla recorded a $112 million pretax unrealized impairment in Q2 2026 that lowered its digital-asset carrying value to $674 million.
- The company did not sell any bitcoin in the quarter and maintained a roughly 11,509 BTC position throughout Q2 2026.
- Tesla’s $674 million crypto balance was about 0.454% of its $148.524 billion in total assets at June 30, 2026, limiting balance-sheet exposure.
- Blockchain analysis traced transfers of Tesla’s coins into new addresses but concluded they were internal wallet reorganizations and not disposals, and investors are waiting for the formal 10‑Q for unit-count confirmation.
- Under current US GAAP rules set by the FASB, price changes hit net income as unrealized gains or losses and Tesla added back the $112 million impairment when calculating adjusted EBITDA, leaving no direct cash impact but creating earnings volatility to watch.