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

Tesla, led by Elon Musk, maintained its bitcoin holdings at 11,509 BTC in the first quarter of 2026, with no changes to its digital asset portfolio. The company incurred an after-tax impairment loss of $173 million on its digital assets, as disclosed in its Q1 earnings report. The decline in bitcoin's value, from roughly $90,000 at the start of the year to around $68,000 by the end of March, contributed to the loss. Tesla's earnings exceeded expectations, although revenue fell slightly short at $22.39 billion, compared to analyst estimates of $22.71 billion. The company reported earnings per share of $0.41, surpassing the consensus forecast of $0.37. Following the earnings report, TSLA stock saw a 4% increase in after-hours trading. Tesla's involvement with bitcoin began in February 2021, with an initial purchase of 43,200 BTC for approximately $1.5 billion. The company later sold around 10% of its holdings to test market liquidity and has since adjusted its position, reaching the current level of 11,509 BTC by January 2025.