LATEST: Tesla Misses Revenue Targets But Keeps Holding 11,509 Bitcoins Worth $1 Billion

Breaking News Tesla reports Q1 revenue of $19.34 billion and misses analyst forecasts by over $2 billion. Company still holds 11, 509 Bitcoin worth over $1 billion after price rally. Electric vehicle sales dip by 20% but crypto assets buoy the balance sheet.

Bitcoin climbed 5% to reach over $93,500 boosting the value of Tesla holdings past $1 billion. No Bitcoin trades this quarter signals a pure HODL approach. New accounting rules force mark to market reporting so gains and losses appear each quarter.

Elon Musk praises Bitcoin long term potential and signals faith in digital assets. Crypto market may stay choppy until mid May then calm in late Q2. Strong growth expected by Q3 driven by institutional adoption and clearer US regulations.

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