Elon Musk, chief executive of Tesla and founder of SpaceX, speaking during the Satellite 2020 conference at the Washington Convention Center on March 9, 2020, in Washington, DC. Photo: AFP Elon Musk, chief executive of Tesla and founder of SpaceX, speaking during the Satellite 2020 conference at the Washington Convention Center on March 9, 2020, in Washington, DC. Photo: AFP
Elon Musk, chief executive of Tesla and founder of SpaceX, speaking during the Satellite 2020 conference at the Washington Convention Center on March 9, 2020, in Washington, DC. Photo: AFP
Bitcoin

Tesla stops accepting bitcoin for electric cars in a U-turn that sends cryptocurrency prices plunging

  • Tesla announced that it would no longer accept bitcoin for its electric cars, citing the environment cost of mining and trading cryptocurrencies
  • “We intend to use [bitcoin] for transactions as soon as mining transitions to more sustainable energy,” Tesla’s CEO Musk said in his tweet

Topic |   Bitcoin
Elon Musk, chief executive of Tesla and founder of SpaceX, speaking during the Satellite 2020 conference at the Washington Convention Center on March 9, 2020, in Washington, DC. Photo: AFP Elon Musk, chief executive of Tesla and founder of SpaceX, speaking during the Satellite 2020 conference at the Washington Convention Center on March 9, 2020, in Washington, DC. Photo: AFP
Elon Musk, chief executive of Tesla and founder of SpaceX, speaking during the Satellite 2020 conference at the Washington Convention Center on March 9, 2020, in Washington, DC. Photo: AFP
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