Tesla Says It Did Not Sell Bitcoin in 2026 First Quarter
Tesla reported Q1 2026 revenue of about $22.39 billion, kept its 11,509 BTC holdings unchanged, and recorded a $173 million after-tax digital asset impairment loss tied to Bitcoin’s lower price.
BTC
Fact Check
The claim is substantially supported by both fetched sources. 'Elon Musk's Tesla reports unchanged bitcoin holdings, books $173 million digital asset loss' states that Tesla held 11,509 BTC unchanged in Q1 2026, reported about $22.39 billion in revenue, booked a $173 million after-tax digital-asset fair-value loss, and saw shares rise roughly 4% after hours. The Odaily newsflash independently repeats the same core facts and explicitly attributes them to the CoinDesk report. Confidence is medium rather than high because the primary Tesla investor-relations PDF linked by CoinDesk could not be directly fetched in this run, and the exact revenue figure in the claim, $22.387 billion, is slightly more precise than the rounded $22.39 billion stated in the fetched article.
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Summary
Tesla said it did not sell any Bitcoin during the first quarter of 2026 and kept its holdings unchanged at 11,509 BTC, worth about $880 million at a Bitcoin price near $78,000. The company reported Q1 revenue of $22.39 billion and earnings per share of $0.41. Tesla also disclosed a $173 million after-tax digital asset impairment loss during the quarter, reflecting the decline in Bitcoin’s market price.
Terms & Concepts
- BTC: The ticker symbol for Bitcoin, the largest cryptocurrency by market value.
- Digital asset impairment loss: An accounting loss recorded when the value of a crypto holding falls below its carrying value under applicable reporting rules.