Tesla made no bitcoin purchases or sales in the second quarter. A $23 million bitcoin-related impairment was recorded by the electric car manufacturer. Elon Musk, the CEO of Tesla, previously stated that neither he nor Tesla had traded their coins. Tesla disclosed in April that their bitcoin stockpile was $2.5 billion. Elon Musk's prior assurances that he and Tesla had not sold their bitcoins were confirmed by Tesla's financial disclosures.