Tesla Stops Car Purchases Using Bitcoin, May Make Another Crypto Investment

Electric car company Tesla Inc. has suspended purchases of its cars using Bitcoin over energy usage concerns. “We are concerned about the rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” tweeted Tesla CEO Elon Musk yesterday. The Palo Alto-based company announced in February that it had purchased $1.5 billion worth of Bitcoin. … Continue reading Tesla Stops Car Purchases Using Bitcoin, May Make Another Crypto Investment