Elon Musk's Tesla reports unchanged bitcoin holdings, books $173 million digital asset loss
Summary
In its Q1 2026 earnings report, Tesla confirmed that its bitcoin holdings remained steady at 11,509 BTC. Despite the unchanged volume, the company booked a $173 million after-tax impairment loss resulting from a decline in bitcoin's market value during the quarter. While Tesla missed revenue expectations, it reported earnings per share of $0.41, surpassing analyst forecasts.
(Source:CoinDesk)