Tesla’s bitcoin inventory held steady in the last quarter of 2025, maintaining a total of 11,509 bitcoins.
However, the overall value of these holdings dropped significantly as bitcoin’s price fell from approximately $114,000 to $88,000 during those three months.
This depreciation compelled Tesla to record an after-tax impairment charge close to $239 million related to its cryptocurrency assets, as detailed in the company’s recently published Q4 earnings statement.
Background on Bitcoin Investments
Under Elon Musk’s leadership, Tesla revealed in February 2021 that it owned 43,200 bitcoins valued at around $1.7 billion at that time. Shortly after this announcement and aiming to test liquidity options, Tesla sold a small portion of its bitcoin holdings. However, in what appeared to be a poorly timed decision near the bottom of bitcoin’s bear market in 2022, Musk and his team offloaded roughly three-quarters of their remaining coins.
The quantity of bitcoins held by Tesla has stayed fairly consistent since that significant sale in 2022.
Financial Performance Summary
In Q4 results, Tesla posted revenues totaling $24.9 billion—slightly below analysts’ expectations which were set at $25.1 billion. Despite this shortfall on revenue estimates, adjusted earnings per share came out stronger than anticipated at $0.50 compared with forecasts around $0.45.
Following these announcements during after-hours trading sessions, TSLA shares rose by approximately 3.4%.