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In the past 6 months, bitcoin is down 67% with 16% of the fall coming in the past 48 hours. And as the cryptocurrency has gone lower, Tesla is down 32% in its bitcoin holdings. This coupled with production disruption in Giga Shanghai is making it increasingly likely Tesla will post a quarterly loss in Q2.
Even though Tesla and Elon Musk now call Texas their official home, the state won't offer rebates to consumers buying Teslas due to old franchised dealer laws.
Elon Musk's bid to buy Twitter could have significant repercussions for Tesla and electric vehicles, observers say.
Tesla's Autopilot and FSD Beta systems have been under increased scrutiny of late. A few US senators have voiced significant concerns, and Tesla has responded.
Recently, numerous news sites talked about how Tesla had a recall of over 50,000 vehicles. It makes it sound like there was a big problem with those vehicles and customers had to take their Tesla's for maintenance somewhere and get parts replaced. The word recall is misleading. Here's why: