Elon Musk Says Tesla Suspends Accepting Bitcoin for Vehicle Purchases
By Rebecca Elliott
Tesla Inc. Chief Executive Elon Musk says the company has
suspended taking bitcoin payments for its vehicles.
"We are concerned about rapidly increasing use of fossil fuels
for bitcoin mining and transactions, especially coal," Mr. Musk
said Wednesday on Twitter.
Tesla earlier this year began to accept the cryptocurrency as
payment for products sold in the U.S.
Mr. Musk said the company would resume using bitcoin for
transactions "as soon as mining transitions to more sustainable
(more to come)
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(END) Dow Jones Newswires
May 12, 2021 18:48 ET (22:48 GMT)
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