Tesla unscrews, Bitcoin resists, and Elon Musk is divided. While the company crosses a difficult quarter, its emblematic CEO tries to juggle between Tesla's management, the management of a strategic crypto portfolio and its new government functions with Donald Trump. Between a fall in profits, a loyalty assumed to the BTC and a partial withdrawal of the Doge, Musk plays on several fronts. But at what price for Tesla?
In short
- Tesla retains its 11,509 bitcoins despite a drop of 11.61 % of their value in Q1 2025.
- Tesla recorded a 70.5 % drop in net profit and a turnover down 9.2 %.
- Elon Musk announces a partial withdrawal from his government functions to refocus on Tesla.
- The market welcomes this decision, the Tesla action bounced 5.4 % in After-Hours on April 22.
Tesla remains faithful to bitcoin despite volatility
In the first quarter of 2025, Tesla retained all of its 11,509 bitcoins. Although the value of its digital assets dropped by 11.61 % – from 1.076 billion to $ 951 million – the company has made no sale.
Thanks to the recent BTC rebound over 92,000 dollars, Tesla Crypto assets are now valued at more than $ 1.07 billion. This choice confirms Elon Musk's strategic commitment to Bitcoin, which he still considers as a long -term reserve asset.
Fired financial results!
Tesla published disappointing results for the first quarter. Turnover reached $ 19.34 billion, down 9.2 % over a year and below analysts forecasts. Net profit drops 70.5 % compared to the same period of 2024, reaching only $ 409 million.
This underperformance is added to a 37 % drop in Tesla action since the start of the year. The drop in world sales, increased competitive pressure and uncertainties linked to customs policies have strongly weighed on results.
Elon Musk between Tesla and Trump's policy
During the call to investors on April 22, Elon Musk announced that he was going to significantly reduce his involvement within the DOGE – the Department of Government Efficiency, an initiative of the Trump administration. Musk played a key role in the fight against public waste.
From May, he plans to devote himself more to Tesla, while devoting ” One or two days a week »In government affairs. This refocusing on the company was praised by the markets, contributing to the increase in the Tesla title of 5.4 % in after-hors.
While Tesla tries to straighten the bar after a disappointing quarter, Elon Musk relies on a strategic refocusing and the stability of the BTC to reassure the markets. It remains to be seen whether this balance between political ambitions and industrial commitments will be enough to revive the dynamics of the Californian giant.
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