In the first quarter of 2025, Tesla decided to keep its Bitcoin (BTC) assets unchanged, coinciding with Elon Musk’s announcement of reducing his role in the US government. Musk, who previously led the Department of Government Efficiency (D.O.G.E), stated his intention to refocus on Tesla. He assured shareholders that he would only be involved in government duties one to two days a week. Meanwhile, Tesla faced international criticism for Musk’s simultaneous involvement in politics and business. Tesla’s cryptocurrency portfolio value in the first quarter of 2025 decreased by 11.61% from $1.076 billion to $951 million, in line with an 11.56% drop in Bitcoin price to $82,514. Tesla still holds 11,509 Bitcoins since June 2022, which has remained unchanged. With market improvement, the value of Tesla’s Bitcoin assets has once again surpassed $1.07 billion. Musk’s announcement of reducing his political role led to a 5.4% growth in Tesla’s shares on April 22, reaching $250.80. Musk also stated that the US government has no plans to accept Dogecoin (DOGE) and he will also decrease his role in this meme coin in the future. This shift in position could have a significant impact on regaining investor confidence and stabilizing Tesla’s future path.
