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

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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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ArchieM
·2021-05-14
Here he goes again.
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IreneCQ
·2021-05-14
Bullshit EM
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Wallstrtbets
·2021-05-13
Never trust this car seller.
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3
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新虎分析
·2021-05-13
BTCUSD Chart : Elon Musk $特斯拉(TSLA)$ & Bitcoin
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- 新虎分析:
  BTCUSD break below Green channel (Uptrend) and changed to Red channel (Downtrend) on 18 Apr 2021.
  2021-05-13
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TYX333
·2021-05-13
Price Manipulation
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- 请对我善良点:
  i think so
  2021-05-14
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- kiakiakia:
  Musk-fever
  2021-05-13
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Fartyclown
·2021-05-13
Trying to push price down again so he can buy more.
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- Fartyclown:
  Yea
  2021-05-14
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- oneplus374:
  perhaps..
  2021-05-14
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- Fartyclown:
  .
  2021-05-13
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Oon Bubble
·2021-05-13
Strange
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The_scalper
·2021-05-13
Pls make up your mind & stop manipulating prices
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4
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thatsy
·2021-05-13
No BTC no life
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TheRainmaker
·2021-05-13
Omg
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- TheRainmaker:
  Gg
  2021-05-13
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EV8
·2021-05-13
bitcoin dropped to $46k A powerful person is also a dangerous person
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- Teslawonder:
  wow env concerns. pls like comment other post
  2021-09-25
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- EV8:
  Yeah ?
  2021-06-22
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- MZ39:
  i agree its true! if a particular asset class is subjected to fluctuations because of twitter comments we must make wise decisions
  2021-06-22
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GCL08
·2021-05-13
Seems like EM has a change of heart with crypto?
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股惑仔79
·2021-05-13
? Tony stark + Captain Planet
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sUs
·2021-05-13
Sighhhh...
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小虎一飞冲天
·2021-05-13
??‍♂️
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ParableTalen
·2021-05-13
Good to discover and stop it now if not it's going to be ironic to do electric vehicle but consumption of fossil fuels is high at the same time.
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Guotiao
·2021-05-13
Buy Tesla car, use bitcoinsBuy Tesla shares, can only use cold hard cash lol
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- ParableTalen:
  Tesla Shares controlled by the Exchange market it is in.
  2021-05-13
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CatFished
·2021-05-13
With the reduction in the number of commodity that accepts cryptocurrency will greatly affects its value and validity in the world. If only there’s a way to mine it in an environmentally friendly manner, but oh wells I am just an amateur in terms of mining.
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Jahme
·2021-05-13
?
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YHY73
·2021-05-13
Wow.... still don’t understand how he can link bitcoins mining to fossil fuels. Anyone care to explain?Maybe he wants to accumulate more at super low price. ?
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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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Instead of helping drive up the price of the meme-inspired token, dogecoinactually tanked 30%over the course of the hour that Musk was hosting SNL.\nDuring a frenzied sell-off at that time, the popular trading platform Robinhood experienced an outage in its crypto trading.\nFollowing Musk's announcement on Thursday, Dallas Mavericks owner Mark Cuban said that the team will continue to accept bitcoin and other crpytocurrencies because \"we know that replacing Gold as a store of value will help the 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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,"authorIdStr":"3562498882012320","idStr":"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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?"},{"id":4938403,"gmtCreate":1624292219554,"gmtModify":1663229636642,"authorId":3572322201202012,"author":{"id":3572322201202012,"idStr":"3572322201202012","authorId":3572322201202012,"name":"MZ39","avatar":"https://static.tigerbbs.com/30eb7b5a7db02258a92e8e407af0f568","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":191536973,"type":1,"supId":0,"prevId":0,"content":"i agree its true! if a particular asset class is subjected to fluctuations because of twitter comments we must make wise decisions","text":"i agree its true! if a particular asset class is subjected to fluctuations because of twitter comments we must make wise decisions","html":"i agree its true! if a particular asset class is subjected to fluctuations because of twitter comments we must make wise 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Tony stark +&nbsp;Captain Planet&nbsp;","listText":"? Tony stark +&nbsp;Captain Planet&nbsp;","text":"? Tony stark + Captain 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in."}],"langContent":"EN"},{"id":191242951,"gmtCreate":1620884071373,"gmtModify":1704349885182,"author":{"id":"3572326869934828","authorId":"3572326869934828","name":"CatFished","avatar":"https://static.tigerbbs.com/82e1be890ac35d9383e63c6a0893cc31","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":7,"crmLevelSwitch":1,"authorIdStr":"3572326869934828","idStr":"3572326869934828"},"htmlText":"With the reduction in the number of commodity that accepts cryptocurrency will greatly affects its value and validity in the world. If only there’s a way to mine it in an environmentally friendly manner, but oh wells I am just an amateur in terms of mining.","listText":"With the reduction in the number of commodity that accepts cryptocurrency will greatly affects its value and validity in the world. If only there’s a way to mine it in an environmentally friendly manner, but oh wells I am just an amateur in terms of mining.","text":"With the reduction in the number of commodity that accepts cryptocurrency will greatly affects its value and validity in the world. If only there’s a way to mine it in an environmentally friendly manner, but oh wells I am just an amateur in terms of mining.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/191242951","repostId":1123539919,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":191283412,"gmtCreate":1620880740136,"gmtModify":1704349826185,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3577502940596690","idStr":"3577502940596690"},"htmlText":"?&nbsp;","listText":"?&nbsp;","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/191283412","repostId":1123539919,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":191217340,"gmtCreate":1620880502280,"gmtModify":1704349821786,"author":{"id":"3573824362072096","authorId":"3573824362072096","name":"YHY73","avatar":"https://static.tigerbbs.com/be96a5b065c45430edc271b22e18172a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3573824362072096","idStr":"3573824362072096"},"htmlText":"Wow.... still don’t understand&nbsp;how he can link bitcoins mining to fossil fuels. Anyone care to explain?Maybe he wants to accumulate more at super low price. ?","listText":"Wow.... still don’t understand&nbsp;how he can link bitcoins mining to fossil fuels. Anyone care to explain?Maybe he wants to accumulate more at super low price. ?","text":"Wow.... still don’t understand how he can link bitcoins mining to fossil fuels. Anyone care to explain?Maybe he wants to accumulate more at super low price. ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/191217340","repostId":1123539919,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":166,"commentSize":109,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}