Woofun AI data shows that Tesla’s Bitcoin reserves remained static at 11,509 BTC, marking a period of inactivity lasting nearly four years. The automaker recognized a tax-adjusted impairment loss of $112 million on these digital assets. This accounting charge coincided with Bitcoin’s price fluctuation, which dropped 14% from approximately $83,000 to $58,000 during the second quarter before rebounding to roughly $65,840.

Tesla reported second-quarter revenue of $28.2 billion, surpassing market expectations.

However, adjusted earnings per share came in at $0.33, missing analyst forecasts.