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TSL's Bitcoin Holdings value in the first quarter dropped to $951 million.
According to the Gate.io News bot, CoinDesk reported that Tesla's financial report released on April 23 showed that as of March 31, the company held 11,509 Bitcoins, with a total value of $951 million, a decrease from $1.076 billion at the end of December 2023.
Arkham Intelligence data shows that TSL did not conduct any Bitcoin transactions in the first quarter of 2024. The decrease in asset value is due to the drop in the market price of Bitcoin.
The financial report for the same period shows that TSL achieved a revenue of $19.34 billion in the first quarter, which is lower than the market expectation of $21.37 billion.