New Delhi, July 21 (TIWN) Tesla has sold 75 per cent of its Bitcoins, adding $936 million in cash to its balance sheet in the second quarter (Q2) this year, as it deals with economic meltdown amid cryptocurrencies falling off the cliff.

Chief financial officer Zachary Kirkhorn said Tesla was still pushing to reach 50% growth in deliveries this year, adding that while the target had become more difficult, "it remains possible with strong execution."   VDO.AI Chief executive Elon Musk said he expects inflation to start easing by end-2022 and most commodity prices to stabilize. Tesla does not have a demand problem, but a production problem, Musk told a conference call. He dismissed the idea that global economic problems were hurting interest in Tesla, despite vehicle prices' rising to what he called "embarrassing levels."  The US price of Tesla's Model Y long-range version, now $65,990, is up more than 30% since the start of 2021.