🚨 Musk Ditches DOGE Duty, HODLs Bitcoin as Tesla Fumbles Q1 💥
Elon Musk just hit pause on his political side quest.
On Tesla’s Q1 earnings call, Musk announced he'll slash his time with Trump’s cost-cutting task force—aka the "Department of Government Efficiency (DOGE)"—to refocus on the EV giant after a rough quarter.
But here’s the twist: Tesla didn’t sell a single sat. The firm still holds 11,509 BTC, now worth $1.07B+ after the recent rebound—thanks to new FASB rules that let firms mark crypto at fair value.
💸 Q1 numbers weren’t pretty:
Revenue: $19.34B (missed by 7.85%)
Net income: $409M (down 80% QoQ)
BTC holdings: $951M → now back to $1.07B thanks to $BTC recovery
Still, Musk’s pivot was enough to fuel a 9.8% TSLA rally (4.6% during the day, +5.4% after-hours). Market heard: less politics, more autopilot.
“DOGE duties drop in May. Back to the real engineering grind.” – Musk
So while Musk’s crypto mascot gig takes a backseat, Tesla keeps its Bitcoin armor on.
