Elon Musk’s Tesla sells 10 per cent of its Bitcoins, here is why

The Tesla and SpaceX CEO was responding to a tweet by Barstool Sports founder Dave Portnoy, who questioned Musk’s sale of Bitcoins and claimed that he had bought the cryptocurrency and made a fortune by selling it a higher price.

Tesla CFO Zachary Kirkhorn has said that the company will continue to hold Bitcoin for the long term and reaffirmed Tesla’s commitment to the cryptocurrency.

The car maker also made $518 million from selling emissions credits to other carmakers, up from $354 million a year ago.

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