earnings call<\/a> with Tesla investors, Musk explained the reason Tesla was so quick to sell its bitcoin reserves: “The reason we sold some of our bitcoin holdings was that we weren’t sure when the covid lockdowns in China would abate, so it was important for us to maximize our cash position. This should not be taken as a judgment on bitcoin. It’s just that we were concerned about the overall liquidity of the company”<\/p>\nDogecoin<\/h2>\n The fact that Musk still sees a future in crypto-currency is demonstrated by the fact that you can pay with crypto at Tesla and SpaceX. At both companies you can buy merchandise with Dogecoin – a beloved crypto currency of Musk – but previously you could also buy a Tesla with bitcoin.<\/p>\n
Also read:<\/p>\n\n\n
Disgruntled Tesla owner blows up Model S with 30 kilos of dynamite<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n","protected":false},"excerpt":{"rendered":"Bitcoin Tesla chief Elon Musk is a shrewd businessman, but for advice on crypto-currencies, we wouldn't turn to him anytime…","protected":false},"author":0,"featured_media":121464,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[94],"tags":[],"class_list":["post-121492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-background-en"],"acf":[],"yoast_head":"\nTesla sells bitcoin reserves at $170 million loss - All cars news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/all-car-news.com\/en\/tesla-sells-bitcoin-reserves-at-170-million-loss\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tesla sells bitcoin reserves at $170 million loss - All cars news\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Tesla chief Elon Musk is a shrewd businessman, but for advice on crypto-currencies, we wouldn't turn to him anytime soon. 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