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Funds Increase Tesla Stakes After Cybercab Austin Launch and Earnings Miss

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Several institutional investors increased Tesla holdings, including Norges Bank, Corient Private Wealth and Bank of New York Mellon, with purchases valued in the billions. Tesla said its Cybercab began operating on Austin streets. Shares fell 5.9% after quarterly EPS of $0.33 missed the $0.50 consensus, alongside reiterated bearish commentary.

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