Tesla Q1 2026: Revenue Up 16% YoY, Digital Asset Value Declines by Approximately $222M Due to Bitcoin Fair Value Adjustment Tesla reported Q1 2026 total revenue of $22.387 billion, up 16% year-over-year, with operating income of $941 million and non-GAAP net income of $1.453…
Tesla Q1 2026: Revenue Up 16% YoY, Digital Asset Value Declines by Approximately $222M Due to Bitcoin Fair Value Adjustment Tesla reported Q1 2026 total revenue of $22.387 billion, up 16% year-over-year, with operating income of $941 million and non-GAAP net income of $1.453 billion. Free cash flow was $1.444 billion, alongside capital expenditures of $2.493 billion.
In terms of digital assets, the company did not disclose any Bitcoin buying or selling activity. The carrying value of digital assets declined from approximately $1.008 billion at the end of the previous quarter to $786 million, primarily due to fair value adjustments driven by the decline in Bitcoin prices. — link