- by foxnews
- 28 Nov 2024
Tesla sells 75% of its bitcoin as profits slump due to production challenges
Tesla sells 75% of its bitcoin as profits slump due to production challenges
- by theguardian
- 22 Jul 2022
- in technology
1.6 k views
In its earnings report, Tesla said the company continues to experience manufacturing slowdowns due to supply chain and other issues which limited its ability to consistently run its factories at full capacity. While the Shanghai Gigafactory was fully and then partially shut down for much of the quarter, the company reported a record monthly production level at that location.
Still, bitcoin prices slid after Tesla reported its earnings on Wednesday.
Reuters contributed reporting
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