Elon Musk has announced that he will reduce the time focusing on his role in the Doge with the Trump administration that is more focused on Tesla. The news has an immediate impact on Tesla (tsla) stock, which recorded a jump of 5.4% in the trade of after timeReach 250.80 dollars After closing the day on April 22 with an increase of 4.6%.
The announcement came in conjunction with the publication of financial results for the first quarter of 2025, showing a performance below Wall Street expectations. Despite this, Tesla decided not to sell it 11,509 bitcoinIt maintains its position in cryptocurrencies that are unchanged.
Tesla retains its bitcoin despite the failures of the first quarter
In the first quarter of 2025, Tesla recorded earnings of 19.34 billion dollarsa figure that represents a reduction of 9.2% compared to the same period of last year and a result 7.85% below analyst estimates. The net profit also suffered a sharp retreat, which costs 409 million dollarsdown 80.8% compared to previous quarter and 70.5% compared to the first quarter of 2024.
These numbers reflect the difficulties facing the company, including collapse of sales, economic uncertainty, and the impact of the Trump administration's tariff policies.
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Despite decreasing financial results, Tesla decided to keep its position Bitcoin whole, which is worth 11,509 btc. The market value of the cryptocurrencies held by the company 1.076 billion to 951 million dollars In the first quarter, in accordance with 11.56% denial of bitcoin pricethat went down to 82,514 dollarsAccording to coingecko data.
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However, thanks to a recent market construction, the current value of Tesla's Bitcoin Reserve has re -exceeded 1.07 billion dollarsAccording to the Bitcoin Treasury. It is important to remember that Tesla has not changed its position in Bitcoin from June 30, 2022.
A significant change in regulation has also influenced the way public companies report their financial statements. A new policy from Financial Standards Board Cryptocurrencies are now allowed to be recorded in their market value, while only losses can be accounted for unless the owners are sold.
Musk promises more attention to Tesla and less government
During the conference call on April 22, Musk announced that from May he would devote “less time” to his role in the so -called Department of Government Efficiency (DOGE)The body of the Trump administration has assigned waste reduction and improving the efficiency of the federal government.
“Starting perhaps from next month, May, my Promise to Doge will reduce significantly“
Musk added that he will continue to offer “one or two days a week“To develop activities, to help the president Donald Trump To ensure that “waste and fraud stop we do not appear again”.
The market is positively reacted to Musk's announcement
Musk announcement has an immediate impact on Tesla's stock, which has experienced a flow of trade after time. After closing the day on April 22 with an increase of 4.6%, the stock gained an additional 5.4%, reaching 250.80 dollars.
This increase occurred in a context of general stock market recovery, which was tried to recover after a week of losses. However, Tesla sharing remains more than 37% since the beginning of the year.
A look at the future: more focused on the change
With the downfall of its role in the government, Musk intends to return to focus on Tesla's major activities, especially in modern technology and production expansion. The decision not to sell Bitcoin, despite the downfall, indicates a long -term approach and confidence in the recovery of the Bull Market of cryptocurrencies.
Meanwhile, investors seemed to have received the news of Musk's promise to Tesla, who hoped it could translate into a recovery of the company's performance in the upcoming quarters.
CONCLUSION: Musk reorients his priorities
Elon Musk's decision to reduce his involvement with the Trump administration focusing on Tesla represents an important signal for the market. At a time when the company faces important challenges, the CEO's return to a more operational operation can prove that is important for the revival of the growth and confidence of the investor.
Despite the failures as a result of the first quarter, the stability of the position in Bitcoin and the revised focus on business management indicates a approach focused on stability and regeneration. It remains to be seen if the moves of the Musk are sufficient to reverse the course and return the Tesla to a path of sustainable growth.
