Elon Musk makes a U-turn, backs Bitcoin as ‘it is impossible to fake energy’ — What this means

However, Tesla at present still holds 1,509 BTC, worth $1.3 billion, according to on-chain analytics firm Arkham Intelligence. This is down from a peak of 43,200 BTC holdings in 2021. The fact that Tesla still has BTC investment indicates that Elon Musk never really left the building; he just switched off the lights.