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Tesla took a $51 million hit on its bitcoin investment in Q3 despite the token soaring 30%. Here's why.

cryptocurrency 1 month ago
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Tesla posted solid third-quarter earnings on Wednesday night, with profit and revenue up sharply. But Elon Musk's electric car company took a $51 million hit on its bitcoin investment - despite the token jumping around 30% in the third quarter. The answer to the riddle lies in the weird way Tesla has …
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