November 8, 2024

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Tesla earnings: Bitcoin bags untouched as firm splashes out on AI

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Tesla earnings: Bitcoin bags untouched as firm splashes out on AI

Electric vehicle maker Tesla  made no changes to its sizeable Bitcoin (

Tesla’s research and development expenses were $1.16 billion in the quarter, a 58% jump from last year. It attributed the increases to its “Cybertruck, AI and other R&D projects.”

Tesla (TSLA) shares continued to fall after the bell to a low of $230.19. Source: Google Finance

Tesla shares were down nearly 4.8% on the day, closing at $242.68 and fell a further 4.25% in after-hours trading to $232.37 per Google Finance data.

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