Tesla Smooths Out Earnings with $97M Crypto Loss Adjustment

Despite reporting its worst quarter in years, Tesla’s adjusted earnings report paint a picture of financial resilience. The company reported $900 million in adjusted (non-GAAP) earnings, exceeding its official net income of $400 million. This positive result is partly attributed to the company’s strategic adjustment of cryptocurrency losses and stock compensation expenses. This comes after Tesla CEO Elon Musk stated his intention to reduce involvement with the Trump administration. )