Tesla reported $22.387 billion in first-quarter 2026 revenue, while a Bitcoin fair value adjustment reduced the carrying value of its digital assets by about $222 million.
Tesla said first-quarter 2026 revenue rose 16% year over year to $22.387 billion. The company reported operating income of $941 million and non-GAAP net income of $1.453 billion. It also said the value of its digital assets declined by approximately $222 million because of a Bitcoin fair value adjustment, reflecting how corporate crypto holdings can move with accounting revaluations even when no sale is disclosed.