Tesla Inc., the company owned by centi-billionaire Elon Musk, reported $951 million in Bitcoin by the end of the first quarter of 2025, but in the same frame, the company’s revenue was significantly less than reported in the last quarter of 2024.
As of writing, Tesla Inc. stock is trading at $237.97, with an intraday addition of 4.60%. Despite this spike in prices, it’s lost 42.91% in a quarter and is down 39.09%.
Source: TradingView
After Donald Trump’s historic victory, it was widely reported that capitalism would now control the United States’ economy, but the global economic tussle has been troubling hundreds of nations worldwide.
Until publishing, the stock of Tesla was below its all-crucial exponential moving average, including 20, 50,100, and 200-day exponential moving averages.
Tesla remains slow in earnings, but is topping Bitcoin holdings
As per the available datasets, Tesla Inc has generated $19.34 billion in revenue in Q1, 2025, which is 9% less than its revenue in Q1 last year.
However, in Q1, 2025, Tesla Inc. was expected to report $21.11 billion in revenue, and analysts from Bloomberg said it might gather $21.43 billion, yet the reported revenue of the company is slightly less than the expectations.
Especially from the automotive sector, the total revenue of Tesla from the automotive category is $14.00 billion, which is 20% less in year on year frame.
As per a few known market watchers, the revenue of Tesla from automotive has fallen, probably due to a sudden decline in the delivery of the units manufactured.
However, Tesla has remained pro Bitcoin holdings and did not sell any of its Bitcoin, said Arkham Intelligence. The company holds 11.509k Bitcoin, which is valued at $1.08 billion as of writing.
Over the past few hours, an overall growth of 6.15% has been observed in the value of Bitcoin owned by the automotive firm owned by Elon Musk.
The adjusted earnings per share of Tesla are $0.27, below the estimate of $0.43, yet the GAAP EPS of the company is $0.12, which is down by around 71% from $0.34 year-over-year.
Crypto market price updates
In the past 24 hours, the crypto market has aggressively turned bearish momentum adding 6.29% to a market cap which is now $2.93 trillion, and the fear and greed index is now above 50, at 52, indicating a constant fade in the dominance of bears.
Bitcoin is now at $93,663 with an intraday addition of 6.01%, and it added 12.34% to its price in the past 7 days. Once again, Ethereum has shown a slight sign of recovery and is now exchanging hands at $1,784, yet experts term this as mimicking a spike.
According to data from CoinMarketCap, the intraday gainer’s list has been ruled by Immutable, SUI, Bonk, Walrus, IOTA, Ethena, Floki, and JasmyCoin.
