Share this article
Tesla Did Not Buy or Sell Any Bitcoin in the Fourth Quarter
The company reported $34 million in impairment charges to its bitcoin holdings, however.
By Nelson Wang
Updated May 9, 2023, 4:06 a.m. Published Jan 25, 2023, 9:21 p.m.
Electric car maker Tesla (TSLA) did not buy or sell any bitcoin in the fourth quarter for the second straight quarter, the company reported Wednesday in its latest earnings report.
The value of its digital assets at the end of the quarter was $184 million, down from $218 million at the end of the third quarter due to impairment charges from a decline in bitcoin's price. At the end of the third quarter, the price of bitcoin was slightly under $20,000, while at the end of the fourth quarter it was around $16,500.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Tesla also made no changes to its bitcoin holdings in the third quarter, but in the second quarter the company surprised some investors by selling $936 million worth of bitcoin, or approximately 75% of its total holdings, in order to raise cash due to uncertainty over COVID-19 lockdowns in China. But CEO Elon Musk said at the time the company was open to increasing its bitcoin exposure in the future and that the sale “should not be taken as some verdict on bitcoin."
Overall for the fourth quarter, Tesla reported adjusted earnings per share of $1.19, ahead of the consensus of analyst estimates reported to FactSet of $1.13 a share, on revenue of $24.3 billion, below analyst estimates of $24.7 billion. Shares of Tesla were down 0.3% to $143.95 in after-hours trading Wednesday.
A company call with analysts is scheduled for 5:30 p.m. ET (21:30 UTC).
UPDATE (Jan. 25, 21:37 UTC): Added additional context and overall earnings numbers.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
