- Tesla held 11509 Bitcoin through Q1 2025 and did not sell despite a drop in value.
- Tesla automotive revenue fell 20% due to lower deliveries and production updates.
- Tesla’s energy segment grew 67% and helped offset losses from the vehicle business.
Tesla ended the first quarter of 2025 with $951 million in Bitcoin on its balance sheet. This marked a decline from $1.076 billion at the end of December 2024. The drop reflects a 12% fall in Bitcoin’s market value during the quarter. Tesla did not sell any Bitcoin throughout the period, according to on-chain data from Arkham Intelligence.
Tesla continues to hold 11,509 BTC. The company began building its position in early 2021. It became the first major automaker to add cryptocurrency to its reserves. The new accounting rule now allows companies to mark digital assets to market. Under older standards, companies reported the lowest value during the quarter, hiding potential gains.
Bitcoin Prices Rebound After Quarter-End
Although Bitcoin ended the quarter lower, its price rebounded to $93,000 in April. This pushed the value of Tesla’s holdings back above $1 billion. Despite this increase, the company kept its Bitcoin untouched. Tesla’s strategy suggests continued confidence in its crypto position, even amid market volatility.
Crypto remained unchanged while its core business saw steep declines. The Automotive division experienced a 20% revenue decrease to $14 billion compared to last year’s $17.4 billion total. Vehicle deliveries fell 13% year-over-year. Production also declined by 16%. Tesla attributed the drop to updates on four Model Y production lines.
Overall Revenue Falls Below Expectations
Revenue declined 9% year over year to $19.3 billion. Revenue was expected by analysts to come in at about $21 billion. Meanwhile, the company’s adjusted earnings per share were $0.27. However, it fell short of Wall Street expectations. The expectations had ranged from $0.41 to $0.42. Net income also plummeted to $409 million from $1.39 billion a year earlier.
Not all segments declined. Tesla achieved a 67% increase in its energy business operations from one year earlier. Regulatory credit revenue rose to $595 million, up from $432 million last year. The increase in revenue from Tesla’s energy business served as a protection against the financial losses in vehicle production.
Leadership Focus Shifts Back to Tesla
Elon Musk announced a change in focus, stepping back from his White House commitments. The move comes after growing controversy tied to his political role. Tesla shares have dropped 41% so far this year, but rose 5% in after-hours trading following the news.
Tesla did not release new growth guidance for the year. The company said it will revisit its 2025 outlook in the next quarter.
