CAN YOU STILL PURCHASE A TESLA WITH BITCOIN?

Tesla is no longer accepting Bitcoin from customers buying its cars, Elon Musk announced last week.

Immediately after the news broke, both Tesla’s and Bitcoin’s share prices dropped considerably.

The company’s CEO tweeted: “Tesla has suspended vehicle purchases using bitcoin,” Musk tweeted. “We are concerned about rapidly increasing use of fossil fuels for bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.”

“Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment,” he continued.

“Tesla will not be selling any Bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy.”

This post first appeared on Thesun.co.uk

You May Also Like

GM spin-off company will make electric delivery vans with ‘Tesla killer’ battery

GM announced a spin-off company that is a ‘one-stop shop ecosystem’ to…

What Creepy Video Game Sounds Do to Your Brain

If you want to know what it sounds like to root around…

As Wildfires Get More Extreme, Observatories Are at Greater Risk

It was 4 am on June 17 when Michelle Edwards, associate director…

World’s biggest sawfish measuring 16 FEET long found with ‘tennis ball-sized eggs inside her’

THE BIGGEST smalltooth sawfish ever recorded has washed up dead in Florida.…