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Deep Tide TechFlow update: On July 23, according to CoinDesk, Tesla did not increase or reduce its Bitcoin holdings in the second quarter, continuing to hold 11,509 BTC. With Bitcoin down by about 14% during the quarter, the company recorded a post-tax $112 million impairment loss on its digital assets.
The earnings report also shows that Tesla’s second-quarter revenue was $28.2 billion, higher than the market’s expected $27.6 billion. Earnings per share under US GAAP was $0.33, below analysts’ expected $0.55. The report noted that Tesla has not bought or sold Bitcoin since 2022.