Tesla has reported a significant decline in its cryptocurrency holdings, revealing $951 million in digital assets as of March 31, 2025. This comes as the electric vehicle manufacturer missed earnings expectations, reporting revenues of $19.34 billion against analyst predictions of $21.37 billion.
Key Takeaways
- Tesla holds $951 million in cryptocurrency, primarily in Bitcoin.
- The company’s digital asset value decreased from $1.076 billion at the end of 2024.
- Tesla did not sell any Bitcoin in the last quarter.
- The earnings miss has led to a slight increase in TSLA shares in after-hours trading.
Tesla’s Cryptocurrency Holdings
As of the end of March 2025, Tesla’s balance sheet shows that it holds approximately 11,509 Bitcoin. This figure represents a decrease in value due to the depreciation of Bitcoin’s price over the quarter. The company’s digital assets are now valued at around $1.049 billion, according to Arkham Intelligence, reflecting the current market conditions.
Earnings Report Overview
In its latest earnings report, Tesla disclosed the following financial highlights:
- Total Revenue: $19.34 billion
- Expected Revenue: $21.37 billion
- Earnings Miss: The company fell short of analyst expectations, which could impact investor sentiment.
Despite the earnings miss, TSLA shares saw a modest increase of over 2% in after-hours trading, indicating that investors may still have confidence in the company’s long-term prospects.
Impact of New Accounting Rules
A recent rule from the Financial Accounting Standards Board (FASB) mandates that companies holding digital assets must mark these assets to market each quarter. This change has implications for how Tesla reports its cryptocurrency holdings, contributing to the fluctuations in reported values.
Conclusion
Tesla’s latest earnings report highlights the challenges the company faces in a volatile market, both in terms of cryptocurrency valuations and overall revenue performance. As the electric vehicle market continues to evolve, investors will be watching closely to see how Tesla navigates these challenges and whether it can regain momentum in its financial performance.
