Elon Musk

Photo: NDTV

Tesla Suspends Transactions In Bitcoin, Cites Environmental Concerns

Tesla CEO Elon Musk in a tweet on May 12 announced that the e-vehicle making company will not accept Bitcoin as a currency against the purchase of its car. Citing environmental concern, Musk tweeted, "We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transitions." After Musk's tweet Bitcoin recorded a fall of more than 7% in its value.

Thu, 13 May 2021 - 02:33 PM / by Nikita Thakur

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