Tesla $TSLA maintained its ~11,500 Bitcoin treasury through Q2, recording a $112M unrealized loss following a 14% BTC drop during the quarter.
THE NUMBERS: The valuation markdown reduced Tesla’s crypto treasury value to $674M
THE STRATEGY: Tesla has held its remaining BTC stack steady since selling off 75% of its original position in mid-2022.
THE RATING: Despite $11B in core EBITDA, mixed growth metrics keep the Seeking Alpha Quant score at a neutral HOLD.
Will Tesla hold its current Bitcoin position long-term, or could we see another strategic rebalance?
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