Less Doge, more bitcoin! Tesla's boss announced yesterday that he was going to reduce time that he goes to the management of DOGEthe Department of Government Efficiency, to focus more on its companies and in particular on the automaker which published its financial results for the first quarter of 2025. We learn in this document that Tesla still retains its 11,509 bitcoins and that the value of this war treasure is estimated at $ 951 million. Direction Palo Alto in California to take stock of Elon Musk's announcements and Tesla's financial results.
The key points of this article: Elon Musk announced that he was going to reduce his time to Doge's management to focus more on Tesla.
Tesla has retained its 11,509 bitcoins, now valued at around $ 1.07 billion.
Elon Musk announces that he will reduce the time he spends in Doge's management …
On the occasion of Tesla's quarterly results, Elon Musk announced that it was going to reduce the time it spends in the direction of the Department of Government Efficiency (DOGE) to focus more on its companies and in particular on Tesla. He said that from May, he was going to devote much more time to his automotive business and spend less time on the DOGE. He added that he would continue to pass «One or two days a week» On DOGE issues as long as President Trump would need him to make sure that «The waste and the fraud that we have stopped do not come back in force». This announcement was well received by the financial markets and the Tesla action jumped 5.4 % after the fence of the scholarship.
It is the season of quarterly results and Tesla reassured its investors – Source: account x
… And Tesla retains its 11,509 bitcoins valued at $ 1.07 billion
During this publication, we also learned that the company still retained its 11 509 Bitcoins which are now valued at around $ 1.07 billion. The value of these digital assets fell slightly during the quarter, going from $ 1.076 billion to $ 951 million, due to the drop in bitcoin prices by 11.56 %. However, thanks to a new rule of the Financial Accounting Standards Board, Tesla Can now declare the value of its assets in cryptocurrencies to their market value, which allows them to better reflect their real value. THE financial results de Tesla also show that the company has achieved a turnover of $ 19.34 billiondown 7.85 % compared to Wall Street forecasts, and net profit from $ 409 milliondown 80.8 % compared to the previous quarter. Despite halftone financial results, the markets welcomed Elon Musk's announcements and the promise to pass More time on Tesla reassured investors. Finally, it should be noted that the automaker still retains its bitcoins and that the value of its war treasure now exceeds one billion dollars.