$0.48 a share against $0.45 expected. that's the Tesla number in every headline
the one I promised on Wednesday sits lower in the deck. digital assets: $674 million on June 30, $962 million on September 30
that move booked a $224 million after-tax gain, inside $787 million of GAAP net income
non-GAAP EPS leaves it out by definition, so the beat and the bitcoin have nothing to do with each other
my read: Tesla's GAAP quarter looks good partly because $BTC had a good quarter, and the market's favourite number can't see it
it swings back too. Q1 2026 cost $222 million on the same line
I hold zero bitcoin, so I'm just the guy reading other people's balance sheets)
what I want next is the 10-Q. 11,509 coins at June 30, is that still the count?
#EarningsSeason #Tesla
the one I promised on Wednesday sits lower in the deck. digital assets: $674 million on June 30, $962 million on September 30
that move booked a $224 million after-tax gain, inside $787 million of GAAP net income
non-GAAP EPS leaves it out by definition, so the beat and the bitcoin have nothing to do with each other
my read: Tesla's GAAP quarter looks good partly because $BTC had a good quarter, and the market's favourite number can't see it
it swings back too. Q1 2026 cost $222 million on the same line
I hold zero bitcoin, so I'm just the guy reading other people's balance sheets)
what I want next is the 10-Q. 11,509 coins at June 30, is that still the count?
#EarningsSeason #Tesla