Tesla (NASDAQ: TSLA) posted stronger-than-expected Q1 2026 earnings, driving a slight 0.28% achieve in TSLA inventory value by market shut on April 22. The corporate’s gross revenue reached $4.72 billion in the course of the quarter, a 16% year-over-year improve. Nevertheless, the corporate posted a $173 million loss from its Bitcoin holdings following a notable drop in BTC value between January and March 2026.
Tesla Posts $173M Bitcoin Loss Amid Robust Q1 Earnings
Whereas Tesla’s 16% bounce in gross income stunned Wall Road, whole revenues in the course of the quarter got here in at 422.38 billion, which was weaker than the $22.6 billion estimate. Nevertheless, the corporate additionally outlined an earnings per share of 41 cents, which was greater than Wall Road expectations. In the meantime, internet revenue got here in at $491 million.
The discharge of those monetary outcomes drove positive factors for the TSLA inventory value, which bounced by 3% shortly after the discharge. Nevertheless, remarks by Tesla CEO Elon Musk practically worn out all of those positive factors.
Whereas chatting with traders, Musk revealed that Tesla was “engaged on a number of bold initiatives.” He additional emphasised that the corporate is exploring synthetic intelligence (AI) and investing closely in self-driving automobiles.
The corporate’s sturdy income in the course of the quarter additionally masked a vital crypto side within the earnings report. Throughout the quarter, Tesla didn’t promote any Bitcoin, and its holdings remained at 11,509. Nevertheless, due to BTC’s value drop between January and March, it had an unrealized lack of $173 million.
Contemplating that Bitcoin value is recovering, Tesla would possibly cut back this loss in Q2 and even document an unrealized revenue if the rally continues.
TSLA Inventory Kinds Bull Flag as Breakout Rally Looms
The every day chart exhibits that TSLA inventory has created a bull flag sample. The pole was shaped following a large 21% surge in value inside 13 buying and selling days to $409. By Wednesday’s market shut, Tesla was buying and selling decrease at $387.
The development reversal from $409 to $387 created a falling parallel channel that represents the sample’s flag. This implies that the reversal may very well be a cool-off, permitting this sample to mature earlier than the subsequent transfer upwards.
The RSI exhibits that consumers started to take income after the TSLA inventory value reached overbought ranges. The reversal exhibits that consumers exited the market after the 21% rally earlier this month. If these consumers can come again and assist a breakout from the descending channel, TSLA may soar by one other 21% in the direction of $487.
A latest Tesla inventory evaluation by CoinGape additionally famous {that a} falling wedge sample could push the value to $500. The surge may very well be influenced by the latest rise within the S&P 500 index to all-time highs. With the market shifting on from the tensions within the US-Iran struggle, demand for threat belongings may assist Tesla’s inventory restoration.
Nevertheless, it’s nonetheless seemingly that TSLA inventory value fails to interrupt resistance and loses assist on the decrease trendline. This might invalidate the bullish thesis and kickstart a robust downward reversal.
