Tesla CEO Elon Musk mentioned Wednesday on Twitter that Tesla has “suspended automobile purchases utilizing Bitcoin,” out of concern over “quickly rising use of fossil fuels for Bitcoin mining.”
In an SEC submitting in February, Tesla revealed that it purchased $1.5 billion price of Bitcoin and it might spend money on extra of Bitcoin or different crypto currencies sooner or later.
At the moment, the corporate mentioned it could begin accepting bitcoin as a cost technique for its merchandise.
Assist for cryptocurrency from Tesla contributed to the costs of cryptocurrencies, together with bitcoin and dogecoin, skyrocketing in latest months.
Right here was Musk’s full announcement through tweet:
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