Tesla's Q3 Earnings: Bitcoin Holdings Steady, Cybertruck Deliveries Set for November

Tesla's latest earnings report revealed that the company's bitcoin holdings remained unchanged in the third quarter, indicating that they did not buy or sell any bitcoin during that period. The value of their holdings, which is estimated to be 9,720 bitcoin, remained at $184 million for the fifth consecutive quarter. Tesla's bitcoin holdings are the third largest among public companies, trailing behind MicroStrategy and Marathon Digital Holdings. Despite initially accepting bitcoin as a form of payment, Tesla later reversed its decision and sold a significant portion of its bitcoin holdings at a loss. The company reported a net income of $1.85 billion for the July-September quarter, representing a 44% decline from the previous year.