Tesla suspends sales of its electric cars for bitcoin

The head of the company, Elon Musk, said that Tesla would also not sell its bitcoins until the mining of the cryptocurrency is carried out using sustainable energy sources.

The American manufacturer of electric cars Tesla suspends the acceptance of the bitcoin cryptocurrency as a means of payment due to the non-ecological method of obtaining it. The founder and head of Tesla Elon Musk announced this.

“Tesla has suspended sales of vehicles using bitcoin. We are concerned about the rapidly growing use of fossil fuels, especially coal, which has the worst rates of harmful emissions, for bitcoin mining and transactions,” Musk wrote on Twitter, adding that in addition, the company will not sell its bitcoins until the cryptocurrency mining is carried out using sustainable energy sources.

The billionaire entrepreneur also noted that cryptocurrencies have a promising future, but it is impossible to allow their development to take place at the expense of “a huge price for the environment.” On February 8, Tesla announced that it had invested $1.5 billion in bitcoin. The company also announced in March that it was starting to accept bitcoin as payment for its products. Musk later called Tesla’s investment in bitcoin reckless.

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Author: Steve Cowan
Graduated From Princeton University. He has been at the Free Press since October 2014. Previously worked as a regional entertainment editor.
Function: Chief-Editor

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