According to Tesla, the company made a net profit of $101 million in the first three months of this year through the partial sale of Bitcoins at its disposal. Tesla had the best performance among major U.S. stock exchange companies last year, but in the first quarter of this year its stock value dropped 15 percent (although the fall in the value of the stock in the first quarter of the year was not limited to Tesla and many other large companies are experiencing this problem), a 1.6 percent fall related to Wednesday's stock exchange trading.
On the last day of March, the value of Bitcoin in U.S. markets had reached about $59,000, but in the coming days the price of this popular cryptocurrency dropped to about $50,000.
I don't know where you get your sources, but it seems that it is months late as we already know that Elon had sell some portion of their holdings to test bitcoin's supposedly liquidity.
And this has news has been attributed to the start of the decline of bitcoin, but we have move past it in the last 5 months and we are about to test $50k resistance this August. And besides, I think we've outgrown Tesla and Elon Musk in bitcoin crypto sphere.