Tesla’s Car Sales Slump—But It’s Still Sitting on a $1 Billion Bitcoin Jackpot!
Jakarta, Pintu News – Tesla, a leading electric vehicle manufacturer, saw its revenue and net profit fall in its first quarter financial report for 2025. The company’s revenue fell 9% to around $19 billion from the previous estimate of $21 billion.
Tesla Experiences Decline in Revenue and Net Profit
According to the report, the decline in Tesla’s revenue and net profit was due to a 13% drop in vehicle deliveries compared to the first quarter of 2024, as well as a 16% drop in production triggered by updates to four Model Y production lines.
Read also: Cantor Fitzgerald Teams Up with SoftBank, Tether & Bitfinex to Unleash $3 Billion Bitcoin Mega Fund!
Meanwhile, the value of Bitcoin held by Tesla has rebounded, with the price of Bitcoin (BTC) rising about 6% to $93,000 on Tuesday. This returned the value of Tesla’s Bitcoin (BTC) stash to more than $1 billion.
Tesla holds 11,509 Bitcoin (BTC) and does not sell them despite market fluctuations.
Tesla’s Bitcoin (BTC) Strategy Remains Sturdy
Tesla remains committed to their Bitcoin (BTC) storage strategy despite facing volatile market conditions.
At the end of the first quarter of 2025, the value of Bitcoin (BTC) held by Tesla fell by about 12%, to a value of about $951 million.
However, with the recent rise in the price of Bitcoin (BTC), the value of the crypto asset has increased again. The company is showing resilience in their crypto investment strategy, asserting that they are not affected by market volatility.
The decision to hold on to Bitcoin (BTC) amid volatile market conditions shows Tesla’s confidence in the long-term value of this crypto investment.
Changes in Core Business and Elon Musk’s Plans
In addition to the focus on Bitcoin (BTC), Tesla also experienced some significant changes in their core business. Tesla’s energy segment, for example, reported strong revenue growth with a 67% increase over the previous year.
Read also: Elon Musk Prepares to Leave D.O.G.E, What’s Next for Dogecoin Price?
Revenue from regulatory credits also increased to $595 million, up from $432 million in the previous year. Elon Musk, CEO of Tesla, announced plans to reduce his involvement with the White House Office of Government Efficiency to focus more on his business.
This announcement comes after Musk faced protests, vandalism, and boycotts due to his controversial role in the Trump administration. Musk stated that he would allocate more time to Tesla, now that the massive work of establishing the Department has been completed.
Overall, despite facing challenges in automotive sales and earnings performance, Tesla showed resilience through their crypto investment strategy and growth in the energy segment.
The decision to keep Bitcoin (BTC) and refocus on the core business shows Tesla’s adaptation to dynamic market conditions. With this strategic shift, Tesla could potentially face a more stable and profitable future.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Cointelegraph. Tesla holds onto Bitcoin, Musk ‘times’ Doge to drop significantly. Accessed on April 24, 2025
- Crypto Briefing. Tesla Bitcoin Holdings Q1 2025. Accessed on April 24, 2025
- Crypto News. Tesla posts $951M in Bitcoin holdings despite 20% drop in Q1 auto revenue. Accessed on April 24, 2025
