After the release of its Q3 earnings results on Wednesday, it was disclosed that Tesla did not sell any of it's BTC as balance sheet still show $218m in digital assets.
In 2021, Tesla purchased $1.5bn worth of crypto but sold of %75 of it's shares in Q2.
Should this be a good sign? They dumped 75% of what they have crashing the market, right when it was falling due to combined effects of US rate cuts and Luna dump.
I'm not going to applaud them for not dumping it all, especially after Musk's statement about bitcoin being bad for environment.
IMO Tesla is overbought and their value depends on Musk as a personality. People hope that he'll come up with another revolutionary thing and make the company even more valuable. In reality he abandons many of his projects and wastes a lot of money on things like their cybertruck that was shown as prototype in 2019.
According to Wikipedia:
As of November 2019, Tesla Cybertruck production was scheduled to start in late 2021 and expand to offer more configurations in 2022
On August 9, 2021, the production of the Cybertruck was delayed to 2022 according to Tesla's website. In January 2022, the production was further delayed into early 2023 and then again to middle of 2023.