Uncertainty looms over Tesla’s first quarter performance as the electric vehicle giant grapples with dual challenges. The company’s automotive revenue plunged 20% year-over-year, while its massive Bitcoin holdings shed $125 million in value. Not exactly the stellar start to 2025 investors were hoping for.
Tesla’s total revenue hit $19.34 billion, falling embarrassingly short of analysts’ expectations of $21.37 billion. The disappointing figures stem from a 13% nosedive in deliveries and a 16% production decline. But hey, at least they still have their Bitcoin stash, right? The market cap stability of Bitcoin has helped Tesla maintain substantial value in their holdings despite price fluctuations.
Tesla’s revenue misses by $2 billion as deliveries and production tumble, but hey, there’s always that crypto safety net.
Speaking of crypto, Tesla’s digital asset holdings now stand at $951 million, down from $1.076 billion in December 2024. The company hasn’t touched its approximately 11,509 bitcoins – no buying, no selling, just watching the value fluctuate like a roller coaster. The company’s strategic holding pattern reflects their confidence in digital currencies’ future value. Thanks to FASB guidelines, they’re forced to mark these assets to market every quarter. Fun times.
The market’s reaction? Surprisingly chill. TSLA shares actually rose over 2% in after-hours trading, despite the company’s stock taking a 41% beating since the start of 2025. Seems like investors have other things on their minds, like those pesky leadership controversies and protests making headlines.
Tesla’s steadfast commitment to hodling their Bitcoin suggests they’re playing the long game. While other tech firms experiment with digital assets as alternative stores of value, Tesla’s been there, done that – remember when they dumped 75% of their holdings back in July 2022? Ancient history.
Arkham Intelligence estimates Tesla’s current Bitcoin value at around $1.049 billion, thanks to recent price increases. Not bad for a car company that’s suddenly struggling to sell cars.
The whole situation reads like a cosmic joke: automotive revenue tanks while crypto holdings ride the Bitcoin wave. At least Elon’s keeping things interesting.
