The Currency analytics
By Jean-Luc Maracon
Tesla takes a hit. The 30% drop in Bitcoin since October has cost Elon Musk's company $239 million after taxes in the fourth quarter of 2025.
Bitcoin is a rollercoaster right now. Tesla, which holds one of the largest crypto portfolios among publicly traded companies, suffers with each dive.
Flashback: $1.5 billion invested in 2021.
Tesla bet big on Bitcoin four years ago. Diversification strategy, they said. Musk wanted to break new ground, putting some cash into something different.
Tesla is not alone in this mess. Other companies that have invested in cryptocurrencies are also taking hits.
Investors are on high alert. A decision on Bitcoin management could come soon, but no official statement has been released. Tesla remains silent on its future intentions.
Bitcoin remains volatile, that's its thing. It could continue to impact Tesla's future results. For now, the company plays the mystery card.
The fourth-quarter results were released on January 28. Zach Kirkhorn, Tesla's CFO, spoke during the conference call.
Tesla shares moved after the announcement. On January 29, the stock closed down 2.5% on Wall Street. Investors digest the info, analyze the implications.
Strange for someone who usually tweets about everything and anything, especially cryptos. His silence is noticed, commented on, analyzed.
The shareholders' meeting is approaching in February. That's where questions about Bitcoin's future at Tesla might arise.
The results also show a drop in gross margin: from 25% to 22% compared to the previous quarter. Bitcoin losses explain part of this drop, but production costs have also increased.
A Morgan Stanley analyst questioned Musk on January 28 during the conference. Evasive response: Tesla "constantly evaluates its financial priorities.
Bitcoin hovered around $34,000 on January 29. A slight rebound from December's low, but it remains fragile. Volatility continues, Tesla remains exposed.
No official comment on a strategy change for now. Investors remain in suspense, speculations continue.