Tesla kept its bitcoin holdings unchanged in the first quarter of 2026 but recorded a large impairment loss as prices fell. CoinDesk reported the company booked an after-tax impairment loss of $173 million on its digital asset holdings. The decline was driven more by bitcoin’s price drop than any change in the number of coins held. Tesla’s first-quarter revenue missed expectations, while earnings per share beat forecasts, lifting its shares about 4 percent in after-hours trade.

Tesla will report first-quarter 2026 results after the market close on April 22 local time, with attention focused on slower demand and inventory pressure in its auto business. The company produced 408,386 vehicles and delivered 358,023, below expectations, with production exceeding sales by more than 50,000. Wall Street expects revenue of about $22.3 billion and adjusted EPS of $0.37, while Tesla’s internal consensus is lower.