Tesla, known for its innovations in the field of electric vehicles, continues to attract the attention of investors and analysts. Recently, some financial indicators and changes in the company’s assets have become known.
Bitcoin assets
In the first quarter of 2025, Tesla retained its 11,509 bitcoins. However, assets in digital assets as a whole fell by 11.61% and amounted to $951 million. At the same time, bitcoin assets decreased by 11.56% and reached $82,514.
Financial results
Tesla’s revenue for the first quarter amounted to $19.34 billion, which is 7.85% less than Wall Street expectations. Net income decreased by 80.8% compared to the previous quarter and by 70.5% compared to the first quarter of 2024.
Financial Reporting Changes
The Financial Accounting Standards Board now allows public companies to report crypto assets at market value. The change means Tesla’s stash of 11,509 bitcoins is now worth more than $1.07 billion.
Market Reaction
Tesla shares rose 5.4% in over-the-counter trading on April 22. However, the company’s shares have fallen more than 37% since the start of the year due to declining sales and economic uncertainty.
Analysts continue to monitor Tesla’s financial performance and its cryptocurrency holdings to assess the company’s market prospects.
