Tesla has suspended the sale of cars for Bitcoin

News

Tesla has suspended the sale of cars for Bitcoin

14.05.2021 News

Tesla will suspend the sale of electric vehicles for Bitcoin due to environmental damage from mining and cryptocurrency transactions. This was stated by the head of the company Elon Musk on Twitter.

“Tesla has suspended the purchase of cars using bitcoins. We are concerned about the growing use of fossil fuels, especially coal, which causes bad emissions, for mining and bitcoin transactions,” Musk wrote.

According to him, “cryptocurrency is a good idea on many levels with a promising future,” but the company cannot afford to harm the environment. As a result, Tesla will also not sell its bitcoins or use them for transactions until cryptocurrency is mined using sustainable energy sources.

After Mask’s statement, the value of bitcoin fell by more than 17% to 46.2 thousand dollars.

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