Tesla has disclosed that it maintains approximately $951 million in cryptocurrency holdings. Despite missing earnings expectations, Tesla did not liquidate any digital assets during the recent quarter.

Following a regulation from the Financial Accounting Standards Board (FASB), businesses are now obligated to reevaluate the value of their digital assets on a quarterly basis.

In other financial news, Tesla generated revenue totaling $19.34 billion in the first quarter, falling short of the forecasted $21.37 billion by analysts. Nevertheless, TSLA shares experienced a rise of over 2% during after-hours trading.

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Tesla Reports $951M in Crypto Holdings as it Misses Earnings

Tesla does not seem to have sold any digital assets in the last quarter.

• Tesla holds nearly $1 billion in bitcoin.
• The Financial Accounting Standards Board now requires digital assets to be marked-to-market quarterly.
• Tesla's first-quarter revenue was $19.34 billion, falling short of analysts' expectations.

A new rule from the Financial Accounting Standards Board (FASB) requires corporate holders of digital assets to begin marking those assets to market each quarter.

Tesla also reported $19.34 billion in revenue for the first quarter of the year; analysts had expected the carmaker to rake in $21.37 billion.

The TSLA shares were up more than 2% in after-hours trading.