Elon Musk announced on the Tesla 2nd quarter earnings call that the company sold 75% of their Bitcoin holdings worth 936 million dollars but did not sell any Dogecoin. Tesla’s remaining bitcoin holdings are valued at 218 million. Elon stated that Tesla was concerned about how long the Shangai plant would remain idled and wanted to firm up their cash reserves. He made it clear he still had faith in the cryptocurrency and did not rule out future purchases.