| Biography: |
The moves raised immediate questions around CEO Elon Musk???s behavior on Twitter recent weeks, where he has been credited for increasing the prices of cryptocurrencies like bitcoin and dogecoin by posting positive messages that have encouraged more people to buy the digital currencies. Operating profits of companies owned by the conglomerate -- ranging from insurance companies to energy providers and even frozen desserts -- remained essentially unchanged, at $7.04 billion. According to Prasad, that was to be expected. In a filing with the Securities and Exchange Commission, the company said it bought the bitcoin for ???more flexibility to further diversify and maximize returns on our cash.??? Tesla also said it will start accepting payments in bitcoin in exchange for its products. That would make Tesla the first major automaker to accept do so. |
