Taneja said that the adoption of a “new market standard” for Bitcoin is leading to increased volatility in Tesla’s “other income” section of its balance sheet. Tesla recorded negative $119 million in “other income”, compared to positive $595 million in Q4 2024.
This isn’t the first time Tesla has lost money on Bitcoin. In 2023, Tesla recorded a $204 million loss in Bitcoin holdings.
Also throwback: Remember that time Musk said you could buy a Tesla with bitcoin?
