"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.
It's the automaker's third profitable quarter in a row.