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There’s a disconnect between what CEO Elon Musk says and what he does, according to auto journalist Jamie Kitman.
“We could have told him about Bitcoin and energy use. Why has Musk changed his mind now?”
Bitcoin spiked 14% and appeared to briefly hit a new all-time high. Shares of Tesla moved higher as well.
Quarterly earnings may also reflect how important China has been as a market for the company’s electric vehicles.
The announcement fell short of what investors were expecting.
Investors will see more shares, but at a lower price.
They’ve broken ground on a battery facility that could help the utility meet state energy storage requirements.
What does joining the stock index mean for a company?
Investors believe EVs are closing in on the internal combustion engine in terms of driving range and cost of ownership.
The plant is situated in a California COVID-19 hot spot.
