Tesla’s financial report for the second quarter of 2025 surprisingly skipped any mention of Bitcoin, which left many investors and analysts scratching their heads while sifting through the company’s finances.
It’s not the first time we’ve seen this lack of commentary. For eight consecutive quarters, Tesla hasn’t touched its Bitcoin—no buying, no selling. According to their SEC filing on July 23rd, the digital assets still sit at a hefty $184 million. The value remained unchanged since Q1 2024, with no noted gain or loss this time around.
To give a bit of background, Tesla initially jumped into Bitcoin with a $1.5 billion investment back in early 2021. Since then, they have sold most of their holdings, offloading nearly 75% in the second quarter of 2022.
Currently, Tesla’s stash stands at 9,720 BTC. With today’s Bitcoin trading at approximately $118,000, their holdings are valued at around $1.15 billion.
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Consistent Declines in Revenue
On another note, Tesla’s earnings report wasn’t as bright. They posted revenues of $22.5 billion, falling short of analyst forecasts of $22.74 billion. When it comes to earnings per share, they reported $0.40, lagging behind the expected $0.43. Additionally, automotive revenue saw a significant drop of 16% compared to last year, marking their second quarter in a row with declining numbers.
Earlier this month, Tesla revealed a 14% decrease in vehicle deliveries, tallying only 384,000 units for the second quarter.
Making things even trickier, Tesla’s stock has plummeted around 18% this year alone, marking the lowest performance among major tech giants. In comparison, the Nasdaq Composite has seen an increase of about 9% in 2025.
Adding to their challenges, the company has postponed its more budget-friendly “Model 2” electric vehicle, which opens the door for competitors, especially as Chinese EV brands dive into the market with cheaper, technologically advanced options that are chipping away at Tesla’s market share worldwide.
Holding Steady in Crypto
Despite the tough financial landscape and various pressures, Tesla seems to have a firm grip on its cryptocurrency position for the time being. Still, with revenues in decline and its reputation at stake, investors are keenly watching how the company’s digital strategy might evolve in the future.
For now, Tesla’s Bitcoin standing in earnings reports continues to show silence—no purchases, no sales, just hanging onto their stash.
