Tesla's Bitcoin Holdings Remain Steady, Reports $173 Million Loss on Digital Assets

Tesla, led by Elon Musk, maintained its bitcoin holdings at 11,509 BTC, with each bitcoin valued at $77,822.10, during the first quarter of 2026. The company recorded an after-tax impairment loss of $173 million on its digital assets, as stated in its Q1 earnings report. The decline in bitcoin's value, from around $90,000 at the start of the year to roughly $68,000 by the end of March, contributed to the loss. Tesla's earnings exceeded expectations, although revenue fell short at $22.39 billion, compared to analyst estimates of $22.71 billion. Earnings per share were $0.41, surpassing the forecast of $0.37. Following the report, TSLA stock rose 4% in after-hours trading. Tesla first invested in bitcoin in February 2021, purchasing 43,200 BTC for approximately $1.5 billion. After selling 10% of its position to test market liquidity, the company reduced its holdings to 9,720 BTC by July 2022. In January 2025, Tesla increased its bitcoin holdings to 11,509 BTC, where they have remained.