News 
April 23, 2025 
3 min. 
Tesla Bitcoin holdings stood at $951 million by the end of Q1, reinforcing its status as a major corporate player in the crypto space. Although the portfolio’s value dropped from $1.076 billion in December, reflecting Bitcoin’s market dip, Tesla didn’t sell any assets during the quarter, according to on-chain data from Arkham Intelligence.
The electric vehicle giant continues to hold 11,509 Bitcoins, a reserve it began accumulating in early 2021. At the time, Tesla became the first major automaker to adopt Bitcoin as a treasury asset. Despite a notable dip in core automotive revenue, Tesla’s commitment to crypto remains strong.
New Accounting Rule Sheds Light on Tesla’s Bitcoin Value
Tesla’s latest earnings reflect a key change in how companies report digital assets, driven by the updated guidelines of the Financial Accounting Standards Board (FASB). Under the new rule, firms must report the market value of cryptocurrencies at the end of each quarter.
Previously, companies could only record the lowest value reached during the reporting period, which concealed unrealized gains. This update now offers a clearer and more accurate snapshot of corporate crypto portfolios. It benefits firms like Tesla that continue to hold large digital asset reserves.
This move toward transparency aligns with growing institutional trust in Bitcoin, even as economic uncertainty continues.
Q1 Results Signal Trouble for Tesla Amid Rising Costs
Tesla’s Q1 earnings fell short of expectations, as total revenue declined 9% year-over-year to $19.3 billion, down from $21.3 billion in the same period last year. Its core automotive segment suffered a 20% drop, generating just $14 billion, compared to $17.4 billion a year earlier.
Net income plummeted to $409 million, or 12 cents per share, from $1.39 billion, or 41 cents per share, in Q1 last year. Tesla did not issue new growth guidance for 2025, stating that it will reassess projections in the next quarter.
Meanwhile, CEO Elon Musk has intensified his presence in Washington, collaborating with the Trump administration on efforts to streamline federal operations. However, new U.S. tariffs have cast a shadow over the electric vehicle sector. Increased import costs on critical components, including batteries, circuit boards, and specialized glass, are placing significant pressure on Tesla’s profit margins.
