Tesla Reports $239 Million Loss on Bitcoin Holdings in Q4 2025

TLDR

• Tesla kept its Bitcoin holdings at 11,509 coins in the fourth quarter of 2025.
• The company recorded a $239 million after-tax impairment loss due to a drop in Bitcoin’s price.
• Tesla’s revenue for Q4 2025 reached $24.9 billion, slightly below expectations.
• Tesla’s adjusted earnings per share of $0.50 surpassed analysts’ forecast of $0.45.
• Despite the decline in Bitcoin’s value, Tesla made no changes to its Bitcoin position.

Tesla’s Bitcoin holdings remained unchanged during the fourth quarter of 2025, holding at 11,509 coins. The value of these holdings decreased sharply as bitcoin’s price fell from approximately $114,000 to $88,000. As a result, Tesla recorded a $239 million after-tax impairment loss on its digital assets.

Tesla’s Bitcoin Holdings Unchanged

Tesla made no changes to its Bitcoin holdings in the fourth quarter of 2025, keeping its position at 11,509 coins. The company did not buy or sell any bitcoin during the period, according to its latest earnings report. Despite the decline in Bitcoin’s value, Tesla opted to maintain its digital asset position, leaving its holdings flat.

The price of Bitcoin experienced a significant drop during the last three months of 2025, falling from about $114,000 to $88,000. This decline led Tesla to report an after-tax impairment loss of $239 million on its Bitcoin holdings. Even with this loss, Tesla chose to hold steady and make no changes to its Bitcoin position during the quarter.

Impairment Loss Impact on Q4 Earnings

Tesla’s Q4 earnings report showed that the drop in Bitcoin’s value negatively impacted the company’s digital asset portfolio. Despite the impairment loss, Tesla’s overall earnings remained stable. The company reported revenue of $24.9 billion for the quarter, slightly below the expected $25.1 billion.

The impairment loss of $239 million did affect Tesla’s overall results, reflecting the volatility of digital assets on its balance sheet. However, Tesla’s adjusted earnings per share of $0.50 exceeded analyst expectations of $0.45. In after-hours trading, Tesla’s stock rose by 3.4%, reflecting investor optimism despite the challenges with digital assets.

Tesla has held Bitcoin since 2021, initially acquiring 43,200 coins worth approximately $1.7 billion. After selling 75% of its Bitcoin holdings in 2022 near the market’s bottom, the company has kept its holdings relatively stable. With the recent impairment, Tesla’s strategy appears unchanged, continuing to hold 11,509 Bitcoin despite the recent price decline.

In its Q4 report, Tesla emphasized that it had not made any purchases or sales of Bitcoin in the last quarter. The decision to keep the same number of Bitcoin coins aligns with its approach to digital assets, which has remained consistent since the 2022 sale.

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