- Musk to reduce the role of the doge and concentrate on Tesla in the midst of falling sales and protests
- Tesla holds Bitcoin in spite of the Q1 drop while the appreciation recovered with new FASB control benefits
Tesla chose to keep his bitcoin [BTC] Holdings until the first quarter of 2025. This, despite the fact that CEO Elon Musk announced plans to take a step back from his prominent role in the cost-saving efforts of the Trump government.
Musk, who led the Department for the Efficiency of the Government (DOGE), revealed that he would scale his involvement with the agency to concentrate on Tesla after a sharp decline in the profit and sale of the company.
There have been growing concern that his political obligations influenced the performance of the automaker. That is why Musk shareholders assured that his government -related tasks would be limited to just one or two days a week in the future.
The move comes on the back of global protests and boycots focused on Tesla, who underline the return to the dual role of Musk in business and politics.
Impact on the stock price of Tesla
The Bitcoin strategy of Tesla continues to attract attention because the company’s digital activa portfolio saw a value of 11.61% in value during the day Q1 2025, fell from $ 1,076 billion to $ 951 million. According to Coingecko, this drop reflected the price of 11.56% of Bitcoin 11.56% to $ 82,514.
At the time of writing, however, Bitcoin seemed to be on an upward trend, with the crypto trade For $ 93,698 after a walk of 5.26% in 24 hours.
Despite the recession, however, Tesla held on to his crypto positions, as a result of which his 11,509 BTC stock since June 2022 maintained unchanged.
Interestingly, the appreciation of the company quickly returned, with the Bitcoin Holdings now estimated at more than $ 1.07 billion after a market recovery last week.
This marks one of the first quarters under the rule of the new Financial Accounting Standards Board (FASB). Public companies allows to appreciate their crypto assets at real market value – a shift of the previous requirement that could only be reported possibly valuable losses, unless assets were sold.
In particular, Elon Musk’s announcement seemed to feed the renewed optimism of investors, which contributed to an increase of 5.4% after hours in the Tesla stock price on April 22 to $ 250.80.
At the time of the press, it was traded at $ 237.97 after an increase of 7.27% at the end of the trading day.
His earlier promises
During April 22 profit callMusk insured investors that his involvement in the Trump government would be considerably reduced from May considerably.
With the fundamental work of the department largely completed, he emphasized a return to the focus on Tesla’s core activities. Everything, while they continue to support DOG initiatives only one or two days a week to guarantee long-term supervision.
Elon Musk’s Sway about Dogecoin [DOGE]The market movements are also well documented, with its tweets historically activating fast price fluctuations.
In a rare moment of clarity, however, Musk recently removed both himself and the American government of the future of the Memecoin.
Despite his close ties with President Trump and his influential role in the Ministry of Efficiency of the Government, Musk has made it clear that there are no government plans to take on Dogecoin. This meant a more modest attitude in the midst of current speculations within the crypto community.
As the market sentiment begins to recover, the rescheduling of Musk can turn out to be crucial in restoring the trust of investors and stabilizing the Tesla process in the coming months.
