Tesla talks up AI and Bitcoin potential on conference call

Tesla (TSLA) CEO Elon Musk talked robotics and AI during today's post-earnings conference call. Musk stated that the company is developing the most advanced AI system in the world. He also said Tesla is developing one of the strongest hardware and software AI teams in the world. As expected, Musk outlined the progress of the Gigafactories outside Shanghai, Berlin and Austin as part of the outlook that deliveries will grow rapidly. Tesla execs noted that the company trimmed 10% of its Bitcoin (BTC-USD) position by the end of the quarter after investing $1.5B. The profit on the sold Bitcoin position was about $101M. They indicated that the Bitcoin story began when the company was looking for a return on cash without sacrificing liquidity. Tesla is optimistic on cryptocurrencies and the liquidity in the market. Tesla plans to be a long-term investor in Bitcoin.The early reaction from Wall Street is largely