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Tesla Leaves Bitcoin Stake Unchanged as Q4 Report Logs $239 Million Impairment

The report featured an EPS beat, a slight revenue shortfall, plus a newly disclosed $2 billion xAI investment.

Overview

  • Tesla held 11,509 BTC at year-end 2025 with no purchases or sales during the quarter, according to its Jan. 28 filing.
  • Bitcoin’s drop from roughly $114,000 to about $88,000 in Q4 drove an after-tax impairment of approximately $239 million on Tesla’s digital assets.
  • Tesla reported $1.008 billion in digital assets at Dec. 31, while some coverage characterized the quarter’s markdown as a $307 million paper loss.
  • Core results were $24.9 billion in revenue versus $25.1 billion expected and adjusted EPS of $0.50 versus $0.45 expected.
  • The company emphasized broader strategy alongside crypto exposure, disclosing a $2 billion purchase of shares in Elon Musk’s xAI.