Tuesday , November 26 2024

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Hit by China shutdown, Tesla boosts auto prices and sells bitcoin

Hit by China shutdown, Tesla boosts auto prices and sells bitcoin

Tesla reported solid quarterly earnings Wednesday despite a hit from Covid-19 lockdowns in Shanghai that Chief Executive Elon Musk said prompted the company to liquidate most of its bitcoin holdings. Musk, who has generated recent headlines over his controversial withdrawal from a $44 billion acquisition of Twitter, said the company …

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