Elon Musk's Tesla reports unchanged bitcoin holdings, books $173 million digital asset loss

What Happened

Tesla maintained its 11,509 Bitcoin holdings unchanged in Q1 2026 while booking a $173 million after-tax impairment loss as Bitcoin value declined from $90,000 to $68,000. The company reported earnings per share of $0.41, exceeding forecasts, but missed revenue estimates at $22.39 billion versus expected $22.71 billion. Tesla stock rose 4% in after-hours trading.

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