Elon Musk says Tesla will stop accepting bitcoin for car purchases, citing environmental concerns

CNBC2021-05-13

TeslaCEO 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." The price of ...

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Comments

ArchieM
2021-05-14
ArchieM
Here he goes again.
IreneCQ
2021-05-14
IreneCQ
Bullshit EM
Wallstrtbets
2021-05-13
Wallstrtbets
Never trust this car seller.
新虎分析
2021-05-13
新虎分析
BTCUSD Chart : Elon Musk $特斯拉(TSLA)$ & Bitcoin
- 新虎分析:
  BTCUSD break below Green channel (Uptrend) and changed to Red channel (Downtrend) on 18 Apr 2021.
TYX333
2021-05-13
TYX333
Price Manipulation
- 请对我善良点:
  i think so
- kiakiakia:
  Musk-fever
Fartyclown
2021-05-13
Fartyclown
Trying to push price down again so he can buy more.
- Fartyclown:
  Yea
- oneplus374:
  perhaps..
- Fartyclown:
  .

Leave a comment

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The price of bitcoin dropped about 5% in the first minutes after Musk's announcement.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 bitc","collect":0,"end_time":0,"defaultTopTitle":"cnbc.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉"},"translate_title":"伊隆·马斯克说，特斯拉将停止接受比特币购买汽车，理由是环境问题","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":0.9},"content_text":"TeslaCEO 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.\"\nThe price of bitcoin dropped about 5% in the first minutes after Musk's announcement.\nIn 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.\nAt that time, the company said it would start accepting bitcoin as a payment method for its products.\nSupport for cryptocurrency from Tesla contributed to the prices of cryptocurrencies, including bitcoin and dogecoin, skyrocketing in recent months.\nHere was Musk's full announcement:\n\"Tesla has suspended vehicle purchases using Bitcoin. 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. Tesla will not be selling any Bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy. We are also looking at other cryptocurrencies that use <1% of Bitcoin's energy/transaction.\"\nMainstream investors and some corporate buyers including Tesla,Square,Metromileand Nexon haveflocked to bitcoin, viewing the digital currency as a potential inflation hedge while central banks print money to relieve coronavirus-distressed economies.\nMajor Wall Street banks like Goldman Sachs and Morgan Stanley have also sought to provide their wealthy clients with bitcoin exposure.\nBut some investors, like Softbank founder Masayoshi Son, still aren't buying in to the crypto craze.\n\"There's a lot of discussion over if it's a good thing or a bad thing, what's the true value or is it in a bubble. 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<u>2021.</u>"}],"langContent":"CN"},{"id":191430312,"gmtCreate":1620896774036,"gmtModify":1704350067539,"author":{"id":"3581324210272548","authorId":"3581324210272548","name":"TYX333","avatar":"https://static.tigerbbs.com/c669fdf500379be9168765ba984ec552","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581324210272548","authorIdStr":"3581324210272548"},"htmlText":"Price Manipulation","listText":"Price Manipulation","text":"Price 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so"},{"id":4313223,"gmtCreate":1620897345408,"gmtModify":1680788513305,"authorId":3581484223594525,"author":{"id":3581484223594525,"idStr":"3581484223594525","authorId":3581484223594525,"name":"kiakiakia","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":191430312,"type":1,"supId":0,"prevId":0,"content":"Musk-fever","text":"Musk-fever","html":"Musk-fever"}],"langContent":"EN"},{"id":191492671,"gmtCreate":1620896553793,"gmtModify":1704350062596,"author":{"id":"3562498882012320","authorId":"3562498882012320","name":"Fartyclown","avatar":"https://static.tigerbbs.com/98da8c7130a89aa96f8dfc0e63f22fd3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3562498882012320","authorIdStr":"3562498882012320"},"htmlText":"Trying to push price down again so he can buy more.","listText":"Trying to push price down again so he can buy more.","text":"Trying to push price down again so he can buy 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