Tesla's $288M Bitcoin Gain Covered a Quarter of Q3 Net Income
TSLA sits 25% above its 52-week low of $297.38.
Summary
Tesla's Q3 revenue came in at $28.05B with adjusted EPS of $0.48, but auto revenue slipped 3% year over year to $20.56B. A $288M pre-tax unrealized Bitcoin gain — about $224M after tax — accounted for roughly 28% of the $787M GAAP net income, meaning core operations contributed far less than the headline profit suggests. Musk is now framing Tesla's value around Full Self-Driving software, saying buyers are choosing FSD alongside or ahead of the cars. On the operations side, Berlin is running about 7,000 Model Ys a week against a 7,500 goal and the company is seeking December approval for a second 536,000 m² hall. The New Roadster lineup was also unveiled with $50,000 and $250,000 reservation tiers.
At the time of this announcement, TSLA was trading at $372.45 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $1.5T. The 52-week trading range was $297.38 to $498.83. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.