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

Tesla, led by Elon Musk, reported no change in its bitcoin holdings in the first quarter of 2026, retaining its stockpile of 11,509 BTC. The company's bitcoin valuation was $76,861.92. According to its Q1 earnings report, Tesla incurred an after-tax impairment loss of $173 million on its digital assets. This decline was largely due to the drop in bitcoin's price from around $90,000 at the start of the year to roughly $68,000 by the end of March. Despite reporting better-than-expected earnings, Tesla fell short of revenue expectations with $22.39 billion, slightly below the analyst estimates of $22.71 billion. Earnings per share were $0.41, exceeding the consensus forecast of $0.37. Following the report, TSLA stock saw a 4% increase in after-hours trading. Tesla first entered the bitcoin market in February 2021 with the purchase of 43,200 BTC for approximately $1.5 billion. After selling about 10% of its holdings to test market liquidity, the company reduced its position further during the bear market in July 2022 to 9,720 BTC. In January 2025, Tesla slightly increased its holdings to 11,509 BTC, where they have remained.