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According to Jinse, 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, who had previously projected revenue of $21.37 billion. As of March 31, Tesla's digital asset holdings were valued at $951 million, down from $1.076 billion on December 30 of the previous year, due to a drop in Bitcoin prices. Tesla currently holds 11,509 bitcoins on its balance sheet. Data from Arkham indicates that Tesla has not conducted any transactions in the past three months.

Jinse reports that Minneapolis Fed President Neel Kashkari stated that the Federal Reserve is responsible for ensuring that tariffs do not trigger persistent inflation issues, echoing recent remarks by Fed Chairman Powell. "We are just not sure if this will have a one-time effect on inflation or a long-term impact," Kashkari said at a U.S. Chamber of Commerce event in Washington on Tuesday. "Our job at the Federal Reserve is to ensure that this does not lead to a longer-term effect."