Elon Musk Abandons Bitcoin Tesla No Longer Accepting Bitcoin Crypto Crash

Elon Musk Abandons Bitcoin Tesla No Longer Accepting Bitcoin Crypto Crash.
Tesla has officially stopped accepting bitcoin. Tesla abandons Bitcoin.

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.”

In an SEC filing in February, Tesla revealed that it bought $1.5 billion worth of Bitcoin and it may invest in more of Bitcoin or other crypto currencies in the future.

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.

Tesla will no longer accept bitcoin as a form of payment. MUSK SAYS TESLA SUSPENDS VEHICLE PURCHASES USING BITCOIN . -Tesla Inc has suspended the use of bitcoin to purchase vehicles, Chief Executive Officer Elon Musk said in a tweet, citing concerns about use of fossil fuel for bitcoin mining.
* MUSK SAYS CONCERNS ABOUT BITCOIN'S ENVIRONMENTAL IMPACT

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