Home
News
Details

Tesla Q1 2026: No Bitcoin Purchase, $173M Impairment Recorded

iconKuCoinFlash
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
This is the logo of the coin.
BTC
$63,863.800.28%
AI summary iconSummary

expand icon
Bitcoin news broke late Tuesday as Tesla revealed it held a steady 11,509 BTC in Q1 2026, valued at approximately $88 million. The company reported a $173 million after-tax impairment, as Bitcoin prices declined from $90,000 to $68,000. Despite missing revenue forecasts, Tesla still posted a profit above estimates, sending shares up 4% in after-hours trading.

Odaily Planet Daily reports that Tesla disclosed it made no adjustments to its Bitcoin holdings in the first quarter of 2026, maintaining a position of 11,509 BTC, worth approximately $880 million at current prices.

Due to the decline in Bitcoin's price from approximately $90,000 to $68,000, the company recorded an after-tax fair value loss of approximately $173 million on its digital assets.

Nevertheless, Tesla's overall financial results were mixed, with earnings exceeding expectations but revenue slightly below market forecasts, driving its stock up about 4% in after-hours trading.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.