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Elon Musk Says Tesla Will No Longer Accept Bitcoin Because Of Climate Concerns

 


Tesla has suspended vehicle purchases using Bitcoin due to climate change concerns, its CEO Elon Musk said in a tweet. Bitcoin fell by more than 10% after the tweet, while Tesla shares also dipped.


Tesla's announcement in March that it would accept the cryptocurrency was met with an outcry from some environmentalists and investors.


See tweet below



The electric carmaker had in February revealed it had bought $1.5bn (£1bn) of the world's biggest digital currency.


Wait and see, dogecoin is the next crypto that Tesla will accept.