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California announces DMV-run blockchain through partnership with Tezos

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The Department of Motor Vehicles has never been an agency that screams innovation. The agency is better know for bureaucracy and endless lines than technological transformation. But this may be changing after a collaboration between California's DMV and open-source blockchain Tezos and Oxhead Alpha, a crypto-focused software development firm.


As one analyst put it, Tesla's (NASDAQ:TSLA) fourth-quarter earnings report had something for bulls and bears. However, based on the +7% price action Thursday morning, the bulls are winning currently. Contributing to the upside are comments from CEO Elon Musk that the recent price cuts have stirred significant demand. The stock has at least two price target hikes on Wall Street following the numbers and no price target cuts have been reported yet.






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