China Has ‘Too Many’ EV Firms and Wants Consolidation. What It Means for NIO and Tesla Stock.<blockquote>中国有“太多”电动汽车公司，需要整合。这对蔚来和特斯拉股票意味着什么。</blockquote>
China will encourage market consolidation in the electric-vehicle sector, an industry it has nurture
Bitcoin Endured a Rocky Day. What's Behind the Selloff<blockquote>比特币经历了艰难的一天。抛售背后是什么</blockquote>
It should have been a happy day for Bitcoin, but it’s turned into a rout.Bitcoin was trading was around $47,000 on Tuesday afternoon, down 9% in the last 24 hours, after dipping down to $42,900 this morning. Bitcoin had been above $52,800 before the selloff.Other cryptos were also ailing, including Ethereum , down 12% to $3,460.The selloff may reflect profit-taking after prices started rising in late July. Bitcoin had gained more than 50% since late July when it traded around $34,000. Ethereum