During the latest earnings call, Musk said the move was to maximize Tesla’s cash position. During Today's Tesla earnings call, Tesla CEO Elon explained the reason for the company’s sale of 75% of its Bitcoin holdings, worth approximately $936 million, as noted in its Q2 earnings report. “The reason we sold a bunch of our Bitcoin holdings was that we were uncertain when the COVID lockdowns in China would alleviate,” Musk said on the call. “So it was important for us to maximize our cash position, given the uncertainty of COVID lockdowns in China.” Although China had eased COVID restrictions...