CMB Stock News Of The Day 📰🗞️🗞️📈📉

“Bitcoin’s Plunge Puts New Pressure on Tesla’s Earnings”🚨

Sometimes bitcoin giveth—and right now, it’s taking away from Tesla (TSLA $409.73, -1.93%). With bitcoin (BTC $86,923.11, -1.59%) sliding, Tesla’s balance sheet is taking a hit thanks to a new accounting rule that went into effect earlier this year.

The rule requires Tesla to recognize unrealized gains and losses on its bitcoin holdings in its quarterly earnings. And according to analyst Troy Teslike, that’s creating a meaningful drag on Q4 results. Tesla currently holds 11,509 bitcoin, and the recent plunge means the company is staring at an unrealized loss of more than $300 million for the quarter.

That alone could reduce Tesla’s GAAP earnings per share by roughly $0.10.

The risk doesn’t stop there. If bitcoin were to fall further—say toward $60,000—Tesla’s unrealized hit could balloon to over $600 million, translating to a -$0.19 impact on EPS.

For context, Wall Street expects Tesla to generate $1.6 billion in net income for Q4, with GAAP EPS of $0.37, per FactSet. A bitcoin-driven earnings swing of this magnitude would be a major headwind, especially for a company already battling margin pressure, intense EV competition, and a softer demand backdrop.

In short: Tesla’s bottom line has a new wildcard, and its name is bitcoin.