Tesla books $112 million crypto paper loss as digital assets fall to $674 million

The crypto market slump wiped $112 million from Tesla’s pretax second-quarter results. The unrealized loss reduced earnings for common stockholders by $87 million after tax, or $0.02 per diluted share.The carrying value of Tesla's digital assets fell to $674 million at June 30, 2026, from $786 million at March 31, 2026, according to the company's Q2 shareholder update.Tesla's March 31, 2026, filing reported that Bitcoin made up the majority of its digital assets, including 11,509 BTC acquired for $386 million.The June 30 shareholder deck did not disclose a coin count or any digital-asset disposition, and Tesla's investor-relations page listed no Q2 Form 10-Q when checked on July 23, 2026.Why the loss hit GAAP earningsUnder the Financial Accounting Standards Board's crypto-asset standard, covered holdings are measured at fair value each reporting period, with changes recognized in net income. That makes the earnings effect symmetrical: rising prices can generate an unrealized gain, while falling prices can produce an unrealized loss before any sale.Tesla's preferred adjusted measure tells a different story. Its Q2 reconciliation added back the full $112 million digital-asset loss wh...