Tesla Hasn’t Sold Any Bitcoins in Q2, According to the Latest Earnings Report

Elon Musk's Tesla just released its quarterly earnings report,

According to the report, the electric vehicle manufacturer hasn’t sold any of its Bitcoin holdings.

Tesla currently holds $640.86 million in BTC.

The company’s revenue also beat expectations – it registered $25.5 billion during the quarter (LSEG forecasted $24.77 billion).

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Earnings per share however were disappointing – the report reveals $0.52 per shares (LSEG forecasted. $0.62)

At the time of writing, Bitcoin is trading at $65,750 after a 3.65% price decline in the past 24 hours and has a trading volume of around $36 billion.

While Tesla continues to lead the U.S. electric vehicle market by a significant margin, it is facing increased competition and losing market share.

This shift is partly attributed to its aging range of sedans and SUVs, as well as the effects of CEO Elon Musk’s controversial and politically charged statements on some of its more progressive customers.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.