Tesla Joins SpaceX’s $1.2B Bitcoin Club as EU Scrutinizes FSD Data
TSLA•Tesla is highlighted among Mag 8 firms holding large Bitcoin tranches, joining SpaceX’s 19,000 BTC (~$1.2 billion) position after a 19% IPO surge that underscores its crypto exposure. Meanwhile, EU regulators are scrutinizing Tesla’s Full Self-Driving safety data over inconsistent crash comparisons, threatening wider approval.
1. Bitcoin Holdings Impact
Tesla is one of the Mag 8 firms holding large Bitcoin tranches, mirroring SpaceX’s 19,000 BTC stake worth $1.2 billion. This corporate crypto exposure underlines Tesla’s diversification in its treasury strategy and adds volatility to its balance sheet.
2. SpaceX IPO Surge
SpaceX’s stock (SPCX) closed at 161, up 19% on its debut, drawing liquidity that may indirectly influence demand for other tech stocks including Tesla. Continued investor interest in high-growth IPOs could shift capital allocation across the sector and affect Tesla’s trading dynamics.
3. EU FSD Data Concerns
European regulators are reviewing Tesla’s Full Self-Driving safety data after questions arose over misleading crash category comparisons and broad performance assumptions. Dutch approval in April marked a milestone, but wider EU sign-off now faces heightened scrutiny over data integrity.
4. Regulatory Risk and Investor Outlook
Potential delays or restrictions on FSD deployment in Europe could dent Tesla’s revenue growth and market share in a key region, while its significant Bitcoin holdings introduce additional valuation risks. Investors should monitor upcoming EU decisions and treasury disclosures for further impact.
