Tesla Q4 Financial Report: Bitcoin holdings unchanged, but paper loss of $239 million due to price decline

Tesla's fourth-quarter financial report shows that its Bitcoin holdings remain at 11,509 coins, with no changes. However, due to the price of Bitcoin dropping from about $114,000 to $88,000 in the fourth quarter of last year, Tesla recorded an after-tax impairment loss of approximately $239 million in the report. Based on the current Bitcoin price of about $89,000, the value of the Bitcoin held by the company is approximately $1 billion.

Tesla first disclosed its holding of 43,200 Bitcoins in February 2021, valued at about $1.7 billion at that time. Subsequently, it sold about 75% of its holdings near the bottom of the bear market in 2022, and the holding amount has remained relatively stable since that sale.

In terms of the fourth-quarter financial report, Tesla's revenue of $24.9 billion was slightly below the expected $25.1 billion, but the adjusted earnings per share of $0.50 exceeded the market expectation of $0.45. In after-hours trading, Tesla's stock price rose by 3.4%.