Tesla's Q1 financial report fell short of expectations, but it still holds over $950 million in Bitcoin

Odaily News Tesla's latest financial report shows that as of March 31, the company held about $951 million in Bitcoin, a slight decrease from $1.076 billion at the end of last year, mainly due to price fluctuations. According to Arkham data, Tesla did not conduct any crypto asset transactions this quarter and currently holds 11,509 Bitcoins.
According to the new rules of the Financial Accounting Standards Board (FASB), companies need to adjust digital assets by market value every quarter. Tesla's revenue in the first quarter was $19.34 billion, lower than the market expectation of $21.37 billion. Despite this, its stock price rose by more than 2% after the market. (CoinDesk)