TLDR
- Tesla reported holding $951 million in bitcoin (11,509 BTC) as of March 31, 2025
- The company’s crypto holdings decreased from $1.076 billion in Q4 2024 due to price depreciation, not selling
- Tesla missed Q1 earnings expectations with $19.34 billion in revenue versus $21.37 billion analyst estimates
- Elon Musk announced he will significantly reduce his time working for Trump’s Department of Government Efficiency (DOGE)
- Tesla shares rose 5.4% in after-hours trading despite the earnings miss
Tesla continues to hold approximately $951 million worth of bitcoin on its balance sheet according to its latest earnings report, despite missing revenue targets for the first quarter of 2025. The electric vehicle manufacturer reported no transactions involving its digital assets during the past three months.
The value of Tesla’s cryptocurrency holdings decreased from $1.076 billion at the end of December 2024 to $951 million as of March 31, 2025. This decline reflects bitcoin’s price depreciation during the quarter rather than any selling activity by the company. Tesla currently holds 11,509 bitcoin, a position that has remained unchanged since June 30, 2022, according to Bitcoin Treasuries data.
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
With bitcoin’s recent price recovery, Tesla’s holdings are now estimated to be worth over $1.07 billion. The company’s crypto assets are now reported according to new Financial Accounting Standards Board (FASB) rules, which require corporate holders of digital assets to mark those assets to market each quarter.
Revenue Shortfall and Financial Performance
Tesla reported first-quarter revenue of $19.34 billion, falling short of analyst expectations of $21.37 billion. This represents a 9.2% decrease compared to the same period last year. The company’s net income was $409 million, marking an 80.8% drop quarter-on-quarter and a 70.5% decline from Q1 2024.
Despite these disappointing results, Tesla shares climbed more than 2% in after-hours trading following the earnings announcement on April 22. By the end of extended trading, the stock had risen 5.4% to $250.80 after already closing the regular trading day up 4.6%.
The share price increase came despite Tesla’s year-to-date performance being down over 37%. Analysts attribute this decline to several factors, including decreasing sales, Elon Musk’s increased political involvement, and economic uncertainty related to tariffs imposed by the Trump administration.
Musk to Scale Back Government Role
In comments that appeared to boost investor confidence, Elon Musk announced during the April 22 earnings call that he would reduce his commitment to the Trump administration’s Department of Government Efficiency (DOGE). This department, where Musk has been serving as a cost-cutting advisor, has been taking time away from his duties at Tesla.
“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 spend “a day or two per week” on DOGE-related matters as long as President Trump requires his assistance. His primary goal will be to ensure that the “waste and fraud that we stop does not come roaring back.”
Many market observers view Musk’s announcement as positive news for Tesla, suggesting his renewed focus on the company could help address its recent challenges and potentially reverse the stock’s downward trend in 2025.
