Tesla TSLA felt the impact of its Bitcoin exposure in Q1, booking a $173 million loss as crypto prices pulled back, even though the rest of the business held up fairly well.

The company did not make any changes to its position, keeping its holdings steady at 11,509 BTC. That tells you Tesla is still comfortable just sitting on it for now. The issue this quarter was price movement. Bitcoin dropped from around $90K at the start of the year to about $68K by the end of March, which pushed the value of Tesla’s holdings down to roughly $786 million and showed up as a loss in the numbers.

Outside of crypto, the picture was a bit more encouraging. Tesla posted EPS of $0.41, beating the $0.37 consensus, though revenue came in at $22.39 billlion,…