However, it was revealed earlier this week that the company sold off about $272million in Bitcoin during Q1 of this year. On Sunday Musk suggested in a cryptic tweet that Tesla could have dumped the remainder of its Bitcoin holdings. But in the early hours of Monday, he tweeted: 'To clarify speculation, Tesla has not sold any Bitcoin.' Elon Musk on Monday confirmed that Tesla had not sold the remainder of its Bitcoin holdingsMusk's 1.56am tweet sent the value of Bitcoin rocketing from $42,475 to $44,831 in 15 minutes. Pictured: A graph showing data from the Cambridge Bitcoin Electricity Consumption Index (CBECI) that shows the energy consumed by Bitcoin.

Source: Daily Mail May 17, 2021 13:38 UTC