Tesla maintained its Bitcoin holdings throughout the first quarter of 2025, bolstering investor confidence in the process. CEO Elon Musk has announced plans to reduce his involvement in Trump’s Department of Government Efficiency (DOGE) initiative as a cost-saving measure. This strategic shift followed Tesla’s Q1 earnings report which showed a decline in revenue and net income despite positive market response from investors following the release of the Bitcoin update. 19.34 billion in revenues, missing Wall Street estimates by 7.85%, and a 9.2% drop from the same period last year respectively. Tesla’s digital asset portfolio also saw a decrease of 11.61% in value during Q1, echoing market trends and reflecting Bitcoin’s own downturn to $82,514. However, Tesla’s Bitcoin holdings rebounded above $1 billion mark as market fluctuations stabilized. Musk clarified his commitment to Tesla by announcing he will scale back his involvement in DOGE starting next month. This decision follows the completion of essential work for the project, allowing him to dedicate more time and focus on developing Tesla’s future strategies. Meanwhile, Tesla’s digital asset portfolio has also seen a downturn with its Bitcoin holdings declining, reflecting broader market trends and Bitcoin’s own price decrease during the first quarter. 19.34 billion in revenues, missing Wall Street estimates by 7.85%, and a 9.2% drop from the same period last year respectively. Adding to these developments, Tesla introduced Grok 3, the latest version of its AI chatbot’s model, during an event hosted on X. Musk emphasized improvements across various AI benchmarks. The company is committed to expanding its reach in both traditional and digital asset markets.