Main to remember
- None of the 11 509 Bitcoin of Tesla was sold at T1 2025.
- Production and energy storage income for Tesla increased by 67% in the first quarter.
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Tesla owned 11,509 bitcoin in its reserves throughout the first quarter of 2025 without selling it, according to the report of the first quarter of the company published on April 22.
The manufacturer of electric vehicles remains attached to its Bitcoin retention strategy, whatever the market conditions.
Bitcoin finished the first quarter down approximately 12%, leaving Bitcoin Holdings of Tesla valued at around $ 951 million by the end of the first quarter of 2025, according to the report.
However, with Bitcoin upwards up to $ 93,000 on Tuesday, the value of the Tesla bitcoin reserve fell over a billion dollars, according to tradingView data.
While its Bitcoin position remained intact, the report on the results of the first quarter of Tesla revealed several changes in its core business.
Tesla declared disappointing quarterly financial results, with a profit adjusted per share of $ 0.27, the expectations of missing analysts from $ 0.41 to $ 0.42.
Turnover dropped from 9% in annual shift to approximately $ 19 billion, below 21 billion dollars expected. Automobile income also dropped by 20% in the middle of lower deliveries and lower price reductions.
Deliveries of company vehicles decreased by 13% compared to the first quarter of 2024, while production decreased by 16%. According to Tesla, the drop in production was caused by an update of four production lines of the Y model.
On the other hand, Tesla’s energy segment experienced strong growth, declaring an increase of 67% on the other of income. Regulatory credit income increased to $ 595 million, compared to $ 432 million a year earlier.
During the call for results, Elon Musk announced his intention to reduce his involvement in the White House office to focus more on his business.
“As of next month, I will be allocated much more of my time in Tesla, now that the major work of creation of the Ministry of Effectiveness of the Government is over,” said Musk.
Musk’s controversial role in Trump administration has sparked demonstrations, vandalism and boycott in recent months.
Tesla’s shares have dropped by around 41% so far this year, according to Yahoo Finance data. The title jumped almost 5% in after-hour after Musk’s announcement.
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