Tesla Maintains $951M Bitcoin Position Despite Earnings Shortfall

  • Tesla maintains 11,509 Bitcoin worth $951 million in Q1 2025, with holdings now exceeding $1 billion due to recent price increases.
  • The firm missed earnings expectations with $0.27 per share.

Tesla continues to invest substantially in Bitcoin even though Q1 2025 financial performance proved unsatisfactory. The April 22 earnings report from Tesla shows the company maintains 11,509 Bitcoins worth $951 million as of March 31. However, the value decreased from $1.076 billion at year-end because Bitcoin prices in the market changed.

Tesla maintains its Strategy Without Changes Despite Its Business Difficulties

The electric vehicle manufacturer has maintained an unaltered Bitcoin position in the first quarter despite facing difficult times for its main automotive operations. Tesla’s Bitcoin investment strategy reached over $1 billion again after the cryptocurrency surged to $93,000. This demonstrates both the market risks and potential benefits of this investment method.

Tesla maintains a consistent cryptocurrency approach that creates a striking difference from its overall business performance. Its adjusted earnings per share reached $0.27 below the range of $0.41-$0.42, which analysts had forecast. 

Tesla reported a 9% drop in annual revenue, which reached $19 billion. Automotive revenue underwent a 20% decline due to a fall in deliveries, mixed with continuous price adjustments. The company registered a 13% drop in vehicle deliveries since last year, while production levels decreased by 16%. Its production decline occurred because Tesla needed to update four Model Y production lines.

The energy division of Tesla proved to be a positive point in their report, with revenue growth reaching 67% compared to the previous year. Additionally, regulatory credit revenue rose to $595 million from $432 million a year earlier.

Elon Musk announced plans to reduce his involvement in D.O.G.E to focus more on Tesla. This directed to a 5% increase in Tesla stock prices in after-hours trading, even though the company’s stock had declined by 41% throughout the year.

Highlighted Crypto News Today: 

Oregon Sues Coinbase Over Unregistered Crypto Tokens Including XRP and ADA

Source: https://thenewscrypto.com/tesla-maintains-951m-bitcoin-position-despite-earnings-shortfall/