CEO Elon Musk mentioned on the corporate’s second-quarter earnings name that the sale was made due to “the uncertainty of the COVID lockdowns in China,” however famous that Tesla is open to boosting its bitcoin publicity sooner or later and that the sale “shouldn’t be taken as some verdict on bitcoin.” The value of bitcoin fell about 1.7% on the preliminary information on the time, however quickly regained its losses after Musk’s remarks on the decision.
