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