On October 21, 2026, Tesla released its financial report for the third quarter, reporting an unrealized gain from the revaluation of Bitcoin amounting to $288 million before taxes. The Bitcoin portfolio volume remained unchanged at 11,509 BTC. The carrying value of the company's digital assets increased from $674 million to $962 million without selling Bitcoin. This occurred amidst a decline in the financial performance of its core business. Operating profit decreased by 56% year-on-year to $718 million, which impacted the operating margin, reducing it to 2.6% from 5.8% a year earlier.
Tesla's total revenue for the third quarter amounted to $28.05 billion, close to the forecast of $28.06 billion. Net income according to generally accepted accounting principles (GAAP) was $787 million, down 43% compared to the previous year. Adjusted earnings per share reached $0.48, exceeding expectations of $0.45. The company's gross margin was also 19.6%. Free cash flow reached $1.53 billion with capital expenditures of $4.73 billion.
Separately, according to Forbes, on October 5, Elon Musk once again became a trillionaire following the rise in Tesla and SpaceX stocks: his fortune increased by $30.6 billion in one trading day, reaching approximately $1 trillion. Tesla's Bitcoin portfolio has been held since 2021; in the second quarter of 2022, the company sold about 75% of the portfolio, and since then, its volume has not changed significantly. Tesla also continues to show activity in other areas, such as car manufacturing and the energy business.
This material is prepared solely for informational purposes and does not constitute financial advice or a recommendation.
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