What is Tesla (TSLA)'s mNAV?

Tesla's mNAV is currently 1805.31×. mNAV divides TSLA's market capitalisation by the value of the Bitcoin it holds, so 1805.31× means the market values the company at 1805.31× the worth of its Bitcoin treasury (884.2M USD).

Is Tesla (TSLA) overvalued versus its Bitcoin?

At 1805.31×, Tesla (TSLA) trades at a 180431% premium to the Bitcoin it holds. Whether that is rich or cheap is best read against its own history: over the past year its mNAV has ranged 1164.59×–2344.19×.

How much Bitcoin does Tesla (TSLA) hold?

Tesla holds 11,509 BTC, worth 884.2M USD at current prices. Its most recent purchase was 1790 BTC on Dec 31, 2024.

Tesla

Name: Tesla (TSLA) mNAV time series
Creator: mNAV

TSLA

Market valuation vs the Bitcoin it holds

1805.31×

live

Premium

a 180431% premium to Bitcoin NAV

Tesla trades at 1805.31× its Bitcoin NAV — you pay $1805.31 for every $1 of Bitcoin it holds, a 884.2M USD pile.

Live · last updated Nov 3, 2026

BTC held

11,509 BTC

Bitcoin treasury

Bitcoin NAV

884.2M USD

at today's BTC price

Market cap

1.60T USD

Fully diluted

Share price

404 USD

USD

Last BTC buy

1790 BTC

Dec 31, 2024

mNAV over time

Last 12 months · diluted

Today's 1805.31× sits in a 52-week range of 1164.59× to 2344.19×.

mNAV · 52-week range

1164.59×–2344.19×

1164.59×now 1805.31×2344.19×

About Tesla

Tesla (TSLA) owns 11,509 BTC. At today's price that Bitcoin is worth 884.2M USD. The market caps the whole company at 1.60T USD — 1805.31× its Bitcoin. Put plainly: you pay $1805.31 for every $1 of Bitcoin it holds, a 180431% premium for everything that isn't the Bitcoin. It bought in at an average of 87.4K USD per coin.

Company facts

Country: USAsource
Headquarters: Austin, Texassource
Incorporated: Texassource
Business: Electric vehicles, energy storage and real-world AI/roboticssource
Fiscal year end: December 31source
Auditor: PricewaterhouseCoopers LLP (San Jose, California)source
Website: tesla.com ↗source

Each fact links to the filing or official page it was taken from.

Tesla (TSLA) mNAV — frequently asked

What is Tesla (TSLA)'s mNAV?: Tesla's mNAV is currently 1805.31×. mNAV divides TSLA's market capitalisation by the value of the Bitcoin it holds, so 1805.31× means the market values the company at 1805.31× the worth of its Bitcoin treasury (884.2M USD).
Is Tesla (TSLA) overvalued versus its Bitcoin?: At 1805.31×, Tesla (TSLA) trades at a 180431% premium to the Bitcoin it holds. Whether that is rich or cheap is best read against its own history: over the past year its mNAV has ranged 1164.59×–2344.19×.
How much Bitcoin does Tesla (TSLA) hold?: Tesla holds 11,509 BTC, worth 884.2M USD at current prices. Its most recent purchase was 1790 BTC on Dec 31, 2024.

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