By USA Goldmines TLDR
- Tesla reported holding $951 million in cryptocurrency as of March 31, 2025, down from $1.076 billion in December 2024
- The company still holds 11,509 bitcoin, with no transactions in the last quarter
- Tesla missed Q1 revenue expectations, reporting $19.34 billion versus analyst estimates of $21.37 billion
- New accounting rules now require companies to mark digital assets to market value each quarter
- Elon Musk announced he will reduce his time working at Trump’s Department of Government Efficiency (DOGE) to focus more on Tesla
Tesla continues to hold cryptocurrency worth $951 million as of March 31, 2025, according to its latest earnings report. This represents a decrease from the $1.076 billion reported at the end of December 2024, likely due to bitcoin’s price fluctuations during the quarter rather than any sales.
The electric vehicle manufacturer currently holds 11,509 bitcoin according to Bitcoin Treasuries data. Data from Arkham Intelligence suggests Tesla did not perform any cryptocurrency transactions during the first quarter of 2025.
This marks a continued commitment to holding digital assets despite Tesla experiencing challenges in its core business. The company reported first-quarter revenue of $19.34 billion, falling short of analysts’ expectations of $21.37 billion. This figure represents a 9.2% decrease compared to the same period last year.
Tesla’s net income for the quarter was $409 million, showing an 80.8% drop from the previous quarter and a 70.5% decline from Q1 2024. Despite these results, Tesla shares rose 5.4% in after-hours trading following the earnings announcement, after closing up 4.6% during the regular trading session.
Q1 2025 Shareholder Update → https://t.co/sXBSeLibSL
Highlights
– Changed over production lines of the world’s best-selling vehicle across 4 factories simultaneously – an industry first– It’s also outpacing all past ramps (LFG)
– Model 3, Y & Cybertruck now drive… pic.twitter.com/xqO95tSHyd
— Tesla (@Tesla) April 22, 2025
New Accounting Rules for Digital Assets
A recent rule change from the Financial Accounting Standards Board (FASB) now requires public companies to report their cryptocurrency holdings at market value each quarter. Previously, companies could only record losses unless they actually sold their digital assets.
This accounting change provides more transparency into how digital assets impact corporate balance sheets. Under the new rules, Tesla’s reported cryptocurrency value reflects current market conditions rather than historical purchase prices.
The value of Tesla’s bitcoin holdings has already increased from the $951 million reported at the end of March. Due to bitcoin’s recent price recovery, these assets are now estimated to be worth over $1.07 billion according to Bitcoin Treasuries data.
Musk Scaling Back Government Role
Elon Musk, CEO of Tesla, announced during the April 22 earnings call that he would be reducing his involvement with the Trump administration to focus more attention on Tesla. Musk has been serving as the head of the Department of Government Efficiency (DOGE), a role created by President Donald Trump.
“Starting probably next month, May, my time allocation to DOGE will drop significantly,” Musk stated during the call. “I’ll be allocating far more of my time to Tesla now that the major work of establishing the Department of Government Efficiency is done.”
Musk indicated he would continue to dedicate one or two days per week to DOGE-related matters as long as needed by President Trump. His primary goal is to ensure that the “waste and fraud that we stop does not come roaring back.”
This announcement appears to have positively influenced investor sentiment. Tesla’s stock price jumped 5.4% in after-hours trading following the earnings call, building on a 4.6% increase during the regular trading day.
Despite this recent uptick, Tesla shares remain down over 37% year-to-date. This decline has been attributed to several factors including decreasing sales, Musk’s increased political involvement, and economic uncertainty related to tariff policies.
The company’s bitcoin holdings remain unchanged since June 30, 2022, showing Tesla’s long-term approach to cryptocurrency investment. With bitcoin’s recent market recovery, the value of these holdings has increased to over $1.07 billion, partially offsetting Tesla’s challenging quarter.
The post Tesla Reports $951M in Bitcoin Holdings as Q1 Revenue Falls Short of Estimates appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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