Tesla's Bitcoin Holdings Remain Steady, Despite $173 Million Loss in Digital Assets

In the first quarter of 2026, Tesla, led by Elon Musk, maintained its bitcoin holdings at 11,509 BTC, with each unit valued at $77,225.74. However, the company incurred an after-tax impairment loss of $173 million on its digital assets, as disclosed in its quarterly earnings report. The decline in bitcoin's value, from roughly $90,000 at the start of the year to approximately $68,000 by the end of March, contributed to this loss. Tesla posted earnings that exceeded expectations but fell short of revenue projections, with $22.39 billion in revenue and earnings per share of $0.41, surpassing the forecast of $0.37. Following the earnings report, TSLA stock saw a 4% increase in after-hours trading. Tesla first ventured into bitcoin in February 2021, purchasing 43,200 BTC for about $1.5 billion, and has since adjusted its holdings, selling a portion in 2021 and increasing them slightly in January 2025 to the current 11,509 BTC.