News · Yahoo Finance

Tesla and SpaceX Held On to All 30,221 Bitcoin in Q3. Is Elon Musk Still Bullish on BTC?

As of September 30, Tesla and SpaceX together held all 30,221 Bitcoin, worth about $2.53 billion, without buying or selling any coins in Q3 2026. Tesla holds 11,509 BTC ($962 million) and SpaceX holds 18,712 BTC (about $1.57 billion). Tesla reported net income of $787 million, down 42.7% from a year earlier, and a roughly $290 million Bitcoin mark-to-market gain on its books accounted for more than a third of that figure. Bitcoin later fell back to about $81,881, roughly 35% below its October 2025 all-time high of $126,080. The article says Tesla's unchanged holdings since 2022 point to inertia rather than renewed conviction, and neither company has announced plans to buy or sell.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on Yahoo Finance ↗

Keywords

bitcoincryptoTeslaSpaceX

Open a keyword to see other news on the same topic.

Related tickers and likely impact

BTC/USDT

▲ Likely positive

Bitcoin

Relevance: low

MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$1.6T
Close on 10/21/202684,093.42
Change that session+1.28%
BTC/USDT price, forecasts and signals →

TSLA

• Neutral

Tesla, Inc.

Relevance: low

MarketUS stocks
SectorConsumer Discretionary
IndustryAutomobile Manufacturers
Market cap$1.4T
Close on 10/21/2026386.55
Change that session+3.44%
TSLA price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • Crypto rises with Asian tech stocks, zcash extends gain after setting upgrade date

    Bitcoin rose to about $83,500, its highest level in a week, as Asian tech stocks rebounded on strong earnings. SpaceX and Tesla formed special committees to discuss a merger that would combine more than 30,000 bitcoin held on their balance sheets. Ether gained 0.6% to near $2,460, while zcash extended a jump of about 11% over the past day after developers set a November date for its upgrade. Derivatives data showed futures volume up 19% and liquidations up 76%, with taker volume tilting toward longs. Volatility expectations for bitcoin and ether have cooled, and fresh leverage is building mainly in privacy coins such as ZEC and XMR.

    CoinDesk·▲ BTC/USDT▲ ZEC/USDTbitcoincryptoZEC
  • Bitcoin corrects below $82K after Tesla Q3 results, KOSPI falls

    Bitcoin reversed a rally toward $85,000 and fell nearly 3% on Thursday after failing to break a resistance trend line near $84,840, dropping back below $82,000. The move followed Tesla's Q3 results, where revenue of $28.05 billion narrowly missed the $28.13 billion estimate, while capital expenditure of $4.73 billion came in far below the projected $7.96 billion, reviving concerns about AI spending. Musk said spending would rise through 2028. South Korea's KOSPI closed down 3.52%, still struggling to recover from last week's low of 5,460 points. Onchain data showed open interest rising 4.5% to $55.95 billion before the reversal, which the article says raises the risk of sharper liquidations, and it flags the $80,000–$81,500 zone as key support.

    Cointelegraph·▼ BTC/USDT▼ ETH/USDTbitcoincryptoTesla
  • Bitcoin gives back its run at $85,000 as Tesla and Meta fail to calm AI nerves

    Bitcoin briefly surged to nearly $85,000 late Wednesday, clearing its $84,000 ceiling, but reversed and traded just below $82,800 in Thursday's Asian morning, near the $82,500 support that some analysts warn could lead to a slide toward $70,000. Most major cryptocurrencies declined, with HYPE down 3% and Dogecoin down 2%, while Zcash gained nearly 3%. Disappointing corporate outlooks and doubts about AI spending weighed on U.S. stock futures and Asian markets: Tesla fell 3% after hours after cutting its capital-spending forecast, Lam Research dropped 7%, Nasdaq 100 futures lost 1.1%, and South Korea's Kospi fell 2.2%.

    CoinDesk·▼ BTC/USDT▼ ETH/USDT• META• TSLAbitcoincryptoAI investment
  • Bitcoin price tags $84.6K as US stocks head higher on SpaceX Q3 earnings beat

    Bitcoin rose nearly 2% to $84,600, its first time at that level since Oct. 7, as US stocks gained after SpaceX reported third-quarter revenue of $14.6 billion, up 161% year over year and beating expectations by nearly 15%. SpaceX also posted net income of $4.4 billion, and analysts at Truist Securities said its results helped calm fears over corporate spending on AI buildouts. The tech-heavy Nasdaq Composite rose 0.7% early in the session before giving back some gains, while South Korea's KOSPI finished 3.29% higher at 5,735 points. Rekt Capital said Bitcoin needed a daily close above $83,400 to shift focus higher, and that a rejection there could send price below $82,500.

    Cointelegraph·▲ BTC/USDTbitcoincryptoSpaceX
  • AI just saved SpaceX: record $14.6B quarter, possible merger

    SpaceX reported quarterly revenue of $14.6 billion, up 161% from the previous quarter, and its first-ever profit, driven mainly by its AI segment, which brought in about $7.6 billion (up 830%) and surpassed Starlink as the top revenue source. The AI business rents compute to customers including Anthropic, paying about $1.25 billion per month, and Google, paying about $1 billion per month. Capital expenditure was $19.6 billion this quarter, with $35 to $40 billion planned for next quarter. The company aims for about 3 gigawatts of compute online by year-end and 10 to 20 gigawatts next year. The host notes the stock was up about 9% at recording, after falling more than 50% in the weeks after its IPO at $135 per share, and discusses a possible merger with Tesla.

    Yahoo Finance·SpaceXartificial intelligenceIPO
  • Why Tesla Stock Is Putting AI Infrastructure Leaders On More Watchlists

    Markets are treating Tesla and SpaceX as parts of one AI infrastructure business, with talk of a possible all-stock merger and a combined value of around US$3.5b. The article highlights three AI infrastructure stocks as possible beneficiaries: Coherent, whose optical components link AI data centers and which generates about US$5.3b of its US$7.1b revenue from datacom and communications; Kulicke and Soffa, a chip packaging equipment supplier with about US$588 million from ball bonding equipment; and Advanced Energy, whose power conversion products bring in about US$2.0b. Each stock is tied to a key uncertainty, such as supply constraints, the pace of high-bandwidth memory production ramps, or pricing power in AI-related orders.

    Yahoo Finance·TeslaSpaceXmergers and acquisitions

Related markets

Crypto →US stocks →

Latest news

  • 3 reasons SpaceX could fall short of $1 trillion revenue goal

    Host Ejaaz Ahamadeen outlines three obstacles that could keep Elon Musk's SpaceX (SPCX) from reaching a $1 trillion revenue goal. First, capex of $35 billion to $40 billion raises funding questions, with Tesla's balance sheet cited at about $43 billion and rumors that Musk is seeking $30 billion to $50 billion before the Anthropic IPO. Second, moving from GB300 to Vera Rubin GPUs may prove technically harder, as the host doubts Jensen Huang's claim that the new chips take about 5 minutes to bring online and notes that next-gen GPUs have historically taken time to deploy. Third, revenue forecasts diverge sharply: JP Morgan projects $254 billion next year, while Musk's estimate is $500 billion to $1 trillion.

    Yahoo Finance·• TSLA
  • SpaceX Just Crushed Wall Street's Q3 Targets -- but a Potential Tesla Merger Is Even Bigger News

    SpaceX reported third-quarter adjusted EPS of $0.45 on sales of $14.58 billion, far above analyst averages of $0.13 and $12.72 billion. Revenue rose 161% year over year and net income swung to $4.4 billion from a $1.1 billion loss a year earlier; Starlink sales grew 69% to $5.25 billion, while the superintelligence segment rose about 830% to $7.56 billion. The company guided first-quarter 2027 sales to $33–37 billion, and Musk said he expects annual recurring revenue of $500 billion–$1 trillion by the end of next year. On the call, Musk said special committees had been formed to explore a merger with Tesla, that he could not take part due to conflicts, and that merging was a good idea, though shareholder approval equal to 50% of total shares would be a significant hurdle.

    Yahoo Finance·• TSLA
  • Blackstone's Jon Gray says CoreWeave can 'find a way through' financing pressure

    Blackstone COO Jon Gray told CNBC that CoreWeave, despite concerns about its massive debt, will “find a way through” its financing challenges and that its underlying business is strong. CoreWeave has about $51.6 billion in total debt, including roughly $35 billion in notes, bonds and loans, and its shares fell 3.55% Thursday and 14% over the past week as investors questioned how it will fund its data centers. Gray said demand for computing power is strong while supply is constrained, and that if neoclouds get through this phase, compute pricing is up 50%. Blackstone's third-quarter revenue of $3.22 billion missed the $3.28 billion expected, while adjusted EPS of $1.32 beat the $1.26 consensus; Gray called it a challenging quarter due to high energy prices and rising Treasury yields. He expects a strong fourth quarter and 2027, and IPOs to resume once markets calm.

    CNBC·
  • Chip stocks break a bear trap after a $2.6 trillion rout — here are the levels bulls need to hold

    The PHLX Semiconductor Index (^SOX) is down about 3% after dipping to 11,000, a support level that has rescued chip stocks twice since September, so the bear-trap rebound only holds if that floor does. Since Oct. 6, all 60 stocks in Yahoo Finance's chip basket have fallen, erasing about $2.7 trillion in market value; Lam Research and Applied Materials are each down nearly 30%, AMD nearly 20%, and Nvidia 9%. Lam fell despite record revenue because it said supply limits would cap its outlook and China sales would be “meaningfully down” in December. The Nasdaq 100 is down about 6% over the same period. The article flags 10,450–10,550 as the zone to watch if 11,000 breaks, and 12,600–12,700 as the level bulls must reclaim, while semiconductor ETFs saw record flows over the past week.

    Yahoo Finance·▲ NVDA
  • A New Mexico Judge Just Hit Meta With a $25 Billion Penalty

    On October 21, 2026, a New Mexico judge ordered Meta to pay the state $25 billion over misleading Facebook users about privacy in the Cambridge Analytica case, far above the FTC's $5 billion fine in 2019. Jurors found 26 of 29 statements misleading, and counting each statement per user or resident who saw it produced more than 43 million violations, with state law allowing up to $5,000 each; all the money goes to New Mexico schools. The judge said the conduct went to the heart of Facebook's core business and found that senior leaders, including Zuckerberg and Sandberg, misrepresented its privacy practices. Meta is appealing, has paid nothing, and interest keeps accruing, while the penalty equals about 2.5 times its $9.86 billion third-quarter net income.

    Yahoo Finance·▼ META
  • Meta is leading the way for hyperscalers, and don't sleep on the Tesla Cybercab

    In this Yahoo Finance segment, Brian Sozzi highlights Meta (META) unveiling a new class of stock that could serve as a blueprint for other hyperscalers, the view that investors are overlooking Tesla's (TSLA) vehicle, and bearish sentiment around CoreWeave (CRWV). He then interviews P&G CFO Andre Schulten about encouraging growth and whether everyday product use has hurt the company with consumers.

    Yahoo Finance·▲ META▲ TSLA

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.