Key Takeaways:
- Tesla held its Bitcoin position steady in Q1 2025, despite an 11.61% drop in valuation, aligning with the broader market downturn.
- CEO Elon Musk announced reduced involvement in the Trump administration to refocus on Tesla, contributing to a post-earnings surge in TSLA shares.
- Tesla’s Q1 revenue missed estimates and net income plunged 80.8% quarter-over-quarter, yet the stock rose as investors reacted to leadership news and a market rebound.
Tesla has retained its Bitcoin holdings through Q1 2025, despite a volatile quarter marked by financial underperformance and CEO Elon Musk announcing a reduced role in the Trump administration.
During Tesla’s April 22 earnings call, Musk said he would scale back his involvement with the Department of Government Efficiency (DOGE) to refocus on Tesla, dedicating more time starting in May.
🇺🇸 TESLA JUST REVEALED NONE OF THEIR $1,050,300,000 #BITCOIN WAS SOLD IN Q1, 2025
— Vivek⚡️ (@Vivek4real_) April 22, 2025
HERE WE GO!!! 🚀 pic.twitter.com/xwDNdOdKmW
Tesla’s stock responded positively, rising 5.4% in after-hours trading to $250.80, after a 4.6% gain earlier that day.
Tesla’s Q1 revenue fell to $19.34 billion, missing Wall Street expectations by nearly 8% and declining 9.2% year-over-year.
Net income also plunged 80.8% quarter-over-quarter to $409 million.
Despite this, the company maintained its Bitcoin position, though the asset’s valuation dropped 11.61% to $951 million amid a broader crypto downturn.
A recent rule change by the Financial Accounting Standards Board now allows companies to report crypto at market value.
Tesla’s Bitcoin, unchanged since mid-2022, has recovered to over $1.07 billion in value following a market rebound.
While Tesla saw a temporary stock boost, its shares remain down over 37% year-to-date due to declining sales, Musk’s political entanglements, and tariff-related uncertainties.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.
Check Adam out on: