Tesla CEO Elon Musk said on Tesla’s earnings call that Tesla sold Bitcoin to improve its cash position and that selling cryptocurrencies is not a ruling on Bitcoin BTC -0.97%. He also said that he is open to increasing his Bitcoin holdings in the future.
Musk believes that Tesla’s goal is to accelerate the arrival of sustainable energy, and cryptocurrencies are a secondary event within a secondary event. Additionally, Musk said that Tesla is not selling Dogecoin DOGE -1.47%.