Tesla Shares Are Down, Could Bitcoin Be Its Saving Grace? | COINDESK DAILY
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 24 July 2025
⏱️ 4 minutes
🧾️ Download transcript
Summary
Host Jennifer Sanasie breaks down the latest news in the crypto industry as Tesla shares plunged following the firm's Q2 revenue.
Tesla’s bitcoin bag is now worth around $1.2 billion after BTC’s price climbed 30% in the second quarter of this year. According to its earnings report, the EV maker’s Q2 revenue came in at $22.5 billion, roughly matching estimates. And, a Denver grand jury has indicted a married couple for allegedly operating a multi-million-dollar crypto scam. CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”
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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 1:00.6 | Tesla shares are down, but its Bitcoin bags are up, and a Denver grand jury indicts a married couple in a crypto scam. |
| 1:03.9 | You're watching Coin Desk Daily. |
| 1:05.4 | I'm your host, Jen Sanassi. |
| 1:13.4 | Tesla shares are down more than 7% at market open following the EVMaker's earnings |
| 1:17.9 | report that disclosed a top and bottom line missed on second quarter results. |
| 1:22.5 | The firm noted automotive revenue fell 16% year-on-year to $16.7 billion. |
| 1:28.6 | The plunge in Tesla comes as CEO Elon Musk warned about a few rough quarters ahead. |
| 1:34.2 | Nevertheless, the firm's Bitcoin bag is up and it's now worth around $1.2 billion after Bitcoin's price climbed 30% in the second quarter of this year. |
| 1:43.6 | Tesla currently holds 11,509 Bitcoin, according to Bitcoin Treasuries.net, making it the 10th largest publicly traded company to hold the crypto asset on its balance sheet. |
| 1:54.4 | A rule approved by the Financial Accounting Standards Board allows companies to start reporting the fair market value of their crypto holdings each quarter, meaning that Tesla's Bitcoin gains can be recognized quarterly, giving the shareholders |
| 2:06.2 | a clearer view of the assets performance. A Denver grand jury has indicted a married couple |
| 2:11.4 | on 40 counts of theft, fraud, and deceit for allegedly operating a multi-million dollar |
| 2:16.2 | cryptocurrency scam that mostly targeted |
... |
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