Tesla refuses to sell Bitcoin in Q3 — and earnings show it didn’t need to

Key Takeaways

Did Tesla Promote Bitcoin within the Third Quarter?

No. Tesla retained its complete stack of 11,500 BTC via the third quarter of 2025, now valued at $1.315 billion.

What else stood out in Tesla’s report?

Stronger margins, report vitality turnover [$3.22B]and $2.32 billion in internet income present that Tesla’s monetary well being is bettering even because it retains its Bitcoin untouched.

Tesla’s newest Earnings report 3rd quarter 2025t, launched on October 22, exhibits no Bitcoin gross sales or new purchases through the quarter.

Tesla’s Bitcoin holdings remained steady within the third quarter

The report revealed that the corporate nonetheless holds roughly 11,500 BTC, price $1.315 billion. It rose from $1.235 billion within the second quarter, due to Bitcoin’s value enhance somewhat than new acquisitions.

Tesla adopted new honest worth accounting guidelines earlier this yr, that means its crypto holdings now mirror market costs.

The report additionally introduced an $80 million achieve on digital belongings beneath ‘different earnings’, marking one of many firm’s strongest quarters for BTC revaluation since 2021.

With its present holdings, Tesla turns into the eleventh largest company Bitcoin holder globally, behind Technique, Galaxy Digital and Block, however forward of main establishments equivalent to Hut 8 Mining and Galaxy.

Earnings snapshot: Stronger margins and report vitality gross sales

Along with Bitcoin, Tesla’s quarterly report confirmed income of $27.35 billion and internet revenue of $2.32 billion, each above Wall Avenue expectations.

• Gross margin improved to 18.1%, in comparison with 17.5% within the second quarter.
• Free money stream rose to $2.08 billion.
• The vitality division posted report revenues of $3.22 billion, pushed by demand for Megapack.

The corporate reaffirmed its goal of 1.8 to 1.9 million autos by 2025 and highlighted continued progress in AI and Dojo coaching infrastructure.

SpaceX provides motion to Musk’s Bitcoin ecosystem

The report coincides with SpaceX’s on-chain actions earlier this week. Blockchain information from Arkham Intelligence confirmed that SpaceX moved $268.5 million price of BTC to totally different wallets – the primary main transaction since July.

Analysts described the transfer as a part of routine authorities bond rebalancing, with none proof of foreign money deposits or liquidation.

Collectively, SpaceX and Tesla management almost 17,000 BTC, making Musk-linked entities among the many most influential company Bitcoin holders on this planet.

View of the market

Bitcoin was buying and selling round $108,000 on the time of writing, down nearly 1% previously 24 hours. Merchants may interpret each Tesla’s steady positions and SpaceX’s strikes as indicators of long-term confidence, somewhat than profit-taking.