Electric vehicle producer Tesla has released its financial performance data for the second quarter of 2026. The valuation of the digital assets listed on the firm’s balance sheet saw a decline from $786 million as of March 31, 2026, to $674 million at the end of June 2026.
During this quarter, Tesla did not engage in any transactions involving Bitcoin. Consequently, the drop of approximately $112 million in the value of its digital assets was attributed solely to fluctuations in Bitcoin’s market price, rather than a reduction in the quantity of Bitcoin held by the company.
In the second quarter of 2025, Tesla’s digital assets were valued at $1.235 billion. This rose to $1.315 billion in the following quarter before decreasing to $1.008 billion by year’s end. The firm wrapped up the first quarter of 2026 with digital asset holdings worth $786 million, which were further reduced to $674 million by the second quarter.
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In terms of revenue, Tesla generated $28.24 billion in the second quarter of 2026, surpassing analyst predictions of $26.36 billion. Nevertheless, adjusted earnings per share remained at 33 cents, which was below the analyst forecast of 54 cents. The corporation also reported a negative free cash flow of $1.1 billion for that quarter.
Regarding operational updates, Tesla stated that demand for its vehicles is strong in regions where its Full Autonomous Driving system has received certification. Additionally, the company revealed it has more than doubled its computing capacity at its Texas facility during the first half of 2026.
Progress on the Tesla Semi and Megapack 3 initiatives is reportedly on track with planned production timelines, while production of the humanoid robot, Optimus, is anticipated to commence later this year at the Fremont site.
*This is not investment advice.