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Tesla's CEO explained on Twitter that the reversal on accepting Bitcoin was prompted by concerns about the "rapidly increasing use of fossil fuels" to mine the cryptocurrency.
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The automaker and the cryptocurrency have a lot in common: Soaring values, idealistic fans and plenty of skeptics. Now Tesla is investing in Bitcoin and plans to accept it for car purchases, too.
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The goal, XPrize says, is to tackle "the biggest threat facing humanity — fighting climate change and rebalancing Earth's carbon cycle. "
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Musk was using the less-accurate rapid antigen tests. He said something "bogus" was happening and is waiting results from a test that is considered more reliable but takes longer to process.
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The electric car maker is now eligible to join the S&P 500 index, which means it would become part of the retirement accounts of millions of ordinary Americans.
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If the electric carmaker enters the S&P 500 index, as is widely expected, Wall Street's most controversial stock would start appearing in even the most mainstream investment accounts.
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Lyndsay Tucker, who works at a Sephora beauty store in San Jose, Calif., has tech billionaire Elon Musk's old cellphone number. So every day, she fields calls and texts intended for him.
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The company's CEO tweeted Saturday that the automaker is seeking legal action against Alameda County. The billionaire executive has been sharply critical of shelter-in-place orders in recent weeks.
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The president encouraged automakers to produce critical supplies that would help with shortages due to the coronavirus. But he has yet to enforce the Cold War relic, which he invoked last Wednesday.
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The all-electric truck's unique design threw some Tesla fans for a loop. And the event went off track when a demonstration meant to show off the truck's "armor glass" left the windows smashed.