Elon Musk says Tesla will stop accepting bitcoin for car purchases, citing environmental concerns
5083
Monday, 17 May, 2021, 00:12
![]() Tesla CEO Elon Musk said Wednesday on Twitter that Tesla has “suspended vehicle purchases using bitcoin,” out of concern over “rapidly increasing use of fossil fuels for bitcoin mining.” The price of bitcoin dropped about 5% in the first minutes after Musk’s announcement. At that time, the company said it would start accepting bitcoin as a payment method for its products. Support for cryptocurrency from Tesla contributed to the prices of cryptocurrencies, including bitcoin and dogecoin, skyrocketing in recent months. Here was Musk’s full announcement: |
The first licenses for flying taxis have been issued in China
52101.04.2025, 14:15Teslas in Las Vegas set on fire in "targeted attack," police say (video)
70120.03.2025, 00:58Tesla Sales Fall 45% in Europe Amid Musk’s Meddling in Politics
70125.02.2025, 22:50Porsche plans to cut additional 1,900 jobs by 2029
413313.02.2025, 21:14New York becomes first U.S. city with congestion pricing
155106.01.2025, 20:19China's Xiaomi enters car market with new electric vehicle (photo, video)
548428.03.2024, 21:48