TSL Q3 revenue recovery cannot hide the pressure on gross profit, Bitcoin holdings reach 1.3 billion dollars.

TSL (Tesla) announced its Q3 earnings report this morning, showing revenue growth but profits falling short of market expectations, leading to a nearly 4% drop in stock price after hours. CEO Musk campaigned for his $1 trillion compensation package during the earnings call; additionally, the value of the Bitcoin held by the company has risen to $1.3 billion.

TSL's third-quarter revenue grew, but profits did not meet market expectations.

TSL announced its Q3 financial report yesterday (. The adjusted earnings per share ) EPS ( was $0.50, a sharp decrease of 31% compared to the same period last year, which was below the analysts' average estimate of $0.54. The decline in profits reflects the impact of electric vehicle price cuts, tariff impacts, and a significant increase in operating expenses.

TSL's revenue last quarter grew 12% compared to the same period last year, reaching 28.1 billion USD, reversing the previous trend of decline for two consecutive quarters, mainly influenced by the demand surge ahead of the expiration of the U.S. federal electric vehicle tax credits at the end of September. Energy storage deployments reached a record 12.5 GWh, benefiting from customer demand such as that from xAI, indicating progress in diversifying non-automotive businesses. The revenue contribution from energy products increased, helping to cushion the pressure on automotive gross margins.

Musk stated that he expects to launch Robotaxi services in 8 to 10 cities by the end of 2025, and to achieve “millions of Tesla fully autonomous driving” in the second half of 2026. Owners will be able to add their vehicles to the Robotaxi fleet in 2026.

But the production of the Optimus humanoid robot has been delayed, and Musk does not forget to make fun of himself: “Optimus could become the greatest product of all time, but you still can't buy it right now.”

TSL holds 1.3 billion USD in Bitcoin

According to Tesla's Q3 2025 financial report, the market value of Bitcoin held by the company has risen to $1.315 billion, primarily due to the rise in Bitcoin's price this quarter, as well as the new accounting rules implemented by the Financial Accounting Standards Board )FASB( starting in 2025. This rule allows companies to assess the value of cryptocurrency assets at fair market value on a quarterly basis, replacing the previous practice of accounting for assets at the lowest holding value.

Benefiting from the rise of Bitcoin, TSL recognized an unrealized profit of 80 million USD this quarter. However, TSL excluded it from adjusted earnings per share, showing its determination not to let the significant volatility of Bitcoin affect its financial report figures.

Arkham data shows that the company holds approximately 11,509 BTC, which has not changed since mid-2022.

Musk is campaigning for a $1 trillion compensation plan.

Musk urged investors to approve his upcoming $1 trillion compensation plan during the final remarks of the earnings call for TSL, and he harshly criticized the shareholder advisory firms opposing the plan. TSL shareholders will vote on the compensation plan at the annual shareholder meeting in Austin on November 6.

Musk stated: “I am here building a robot army, and then being ousted because of some stupid suggestions from ISS and Glass Lewis makes me uncomfortable; they simply do not understand these suggestions.” He was referring to those proxy advisory firms that did not vote in the interest of shareholders. Previously, Ark Invest CEO Cathie Wood also publicly supported Musk's new ten-year compensation plan and criticized large asset management firms for having a huge influence in voting yet overly relying on proxy advisory firms, which has compromised the independence of voting decisions.

Musk has no base salary at the company, relying entirely on the profit-sharing incentive system. If the ten-year compensation plan is successfully achieved, Musk could receive up to 1 trillion dollars in earnings, and Tesla's target market value will also be raised to 8.5 trillion dollars, which estimates TSLA's stock price to reach as high as 2,300 dollars.

)Following Musk's stock trading? The compensation plan will drive TSL's stock price to $2300(

Due to the financial performance not sufficiently supporting the compensation plan, it was instead promoted as a means to retain Musk. This relatively bland conference call concluded with Tesla's CFO Vaibhav Taneja ultimately urging shareholders to vote in favor of Musk's compensation plan. He downplayed the amount of the bonus and repositioned it as a way for Musk to gain greater control.

TSL )TSLA( fell nearly 4% after hours.

Tesla's over 200 times price-to-earnings ratio shows investors' high expectations for Musk, but even a slight change can easily cause stock price fluctuations. TSLA fell nearly 4% in after-hours trading following the earnings report, and its stock price has only risen about 9% this year, still lagging behind major indices and most large tech stocks.

This article discusses how TSL's Q3 revenue rise cannot hide the pressure on gross profit, and the Bitcoin holdings have reached 1.3 billion USD, first appearing in Chain News ABMedia.