The short answer is yes.

The long answer is that it’s not so clear what an “in place addition” even means at the level of CPU instructions after you consider register allocation. For example, if you have

    v = x;
    v += y;
    f(v);

and the never mention v again, then the whole operation is performed directly in the register that is specified to receive the first argument in a function call, not in whatever register might have been allocated for v.

That’s because, with some complications I don’t want to go into, compilers look at the dependency graph of values rather than at the variable names.