Tesla Hides $97M Bitcoin Loss in Adjusted Earnings Report

Tesla reported $900 million in adjusted Q1 profits — but its actual net income was only $400 million. So, what explains the massive gap? It turns out Tesla quietly buried a $97 million Bitcoin loss from its report. Meanwhile, while shares are up, Elon Musk is stepping back from the DOGE team.

📉 Bitcoin Losses? Not in Tesla’s Bookkeeping Although Tesla experienced one of its worst quarters in recent years, its adjusted earnings paint a much rosier picture. The electric vehicle giant did not account for nearly $100 million in losses from its large Bitcoin holdings, which currently total 11,509 BTC, worth around $1.05 billion. This shift is linked to new FASB accounting rules, requiring companies to revalue their crypto assets every quarter based on market prices. Since Bitcoin fell 11.8% during Q1, Tesla chose not to highlight the drop.

📊 Real Tesla Results Fall Short — But Shares Climb Anyway Despite strong-looking adjusted profits, Tesla missed Wall Street expectations with revenue hitting $19.34 billion versus the expected $21.37 billion. Yet, the stock jumped 6.5% over five trading days, and premarket gains of 4.5% hint at a potential rally toward $264 per share.

🕵️ SEC May Be Watching Closely The Securities and Exchange Commission (SEC) might not let this slide. It has previously flagged similar creative crypto accounting — like in the case of Marathon Digital. If Tesla continues to treat crypto gains or losses selectively, regulators may intervene.

🐕 Musk Steps Away from the DOGE Team As Tesla’s earnings climb, Elon Musk is reportedly pulling back from the DOGE team — a move the White House says was part of the plan. But as a "special government employee," Musk may extend his term beyond May if he reduces his workdays.

🧾 In Summary: What Lies Beneath the Numbers Tesla is still sitting on a massive stash of Bitcoin, but its recent losses are swept under the rug. While the markets seem optimistic, regulators and investors should look beneath the polished surface. For now, the numbers say one thing — but the truth might say another.

#Tesla , #ElonMusk , #CryptoNewss , #BitcoinVolatility , #DigitalAssets

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