Tesla Q3 revenue $28.05 billion, did not sell its Bitcoin holdings

October 22 - According to Electrek, Tesla released its earnings report, with third-quarter revenue of $28.05 billion, roughly flat compared with the same period last year; adjusted earnings per share of $0.48, above market expectations of $0.45; GAAP net income of $787 million, down 43% year-over-year; operating income of $718 million, down 56% year-over-year; gross margin of 19.60%; and free cash flow of $1.53 billion, versus market expectations of negative $4.921 billion.

In addition, Tesla did not sell Bitcoin in the third quarter and still holds 11,509 BTC, with the quarter's GAAP net income including $288 million in unrealized gains from its Bitcoin holdings.