Tesla Holds Steady 11,509 BTC at $895M Value After $173M Q1 Impairment

Tesla maintained 11,509 Bitcoin holdings through Q1 2026, now valued at $895 million with BTC at $77,721, despite booking a $173 million after-tax impairment loss from prices falling ~$90,000 to ~$68,000 by March 31. Initial April 22 reports detailed unchanged positions, $222 million paper losses, and $786 million end-Q1 valuation amid a 22% BTC drop, paired with mixed earnings—revenue miss at $22.39 billion vs. $22.71 billion expected but EPS beat at $0.41 vs. $0.37. April 23 updates through 12:59 confirmed the HODL strategy, highlighting corporate conviction amid mark-to-market volatility as TSLA shares showed initial 4% after-hours gains.