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Tesla's Musk suspends use of bitcoin for car purchases

5 Min Read
(Reuters) -Tesla Inc will no longer accept bitcoin for car purchases, Chief Executive Elon Musk said on Wednesday, citing long-brewing environmental concerns for a swift reversal in the company’s position on the cryptocurrency.
FILE PHOTO: Representations of virtual currency Bitcoin are seen in front of Tesla logo in this illustration taken, February 9, 2021. REUTERS/Dado Ruvic
Bitcoin fell more than 10% after Musk tweeted his decision to suspend its use, less than two months after Tesla began accepting the world’s biggest digital currency for payment. Other cryptocurrencies, including ethereum, also fell before regaining some ground in Asia trade. ....

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Musk says Tesla new self-driving rollout could take a couple

Boss Elon Musk said Tesla Inc is tweaking its self-driving software to eliminate a phantom braking problem and may release a significantly improved ve ....

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elon musk: View: Elon Musk conveniently ignored bitcoin's inconvenient truth

Cheap and abundant power is essential to crypto miners, with coal accounting for an estimated 38 per cent of their supply, according to the Cambridge Center for Alternative Finance. ....

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elon musk: Bitcoin falls below $50,000 as Musk calls energy use 'insane'

Musk posted a chart on Twitter from the University of Cambridge showing Bitcoins electricity consumption has skyrocketed this year. ....

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Tesla Stops Accepting Bitcoin As Payment

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