
Elon Musk: Tesla Sold Its Bitcoin Due to China’s COVID Lockdowns
Tesla sold 75 percent of its Bitcoin holdings, valued at around $936 million. Company changed majority of Bitcoin to fiat currency for a realised gain, resulting in a $106 million charge. China’s “zero COVID policy” is being tested once more, sparking fresh economic headwinds. Elon Musk, CEO of Tesla, detailed during today’s results call why the business sold 75 percent








