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TSLA Tesla Inc

183.00
1.81 (1.00%)
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Last Updated: 11:30:27
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Share Name Share Symbol Market Type
Tesla Inc NASDAQ:TSLA NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.81 1.00% 183.00 183.00 183.09 271,196 11:30:27

Elon Musk Says Tesla Suspends Accepting Bitcoin for Vehicle Purchases

13/05/2021 12:03am

Dow Jones News


Tesla (NASDAQ:TSLA)
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By Rebecca Elliott 

Tesla Inc. Chief Executive Elon Musk says the company has suspended taking bitcoin payments for its vehicles.

"We are concerned about rapidly increasing use of fossil fuels for bitcoin mining and transactions, especially coal," Mr. Musk said Wednesday on Twitter.

Tesla earlier this year began to accept the cryptocurrency as payment for products sold in the U.S.

Mr. Musk said the company would resume using bitcoin for transactions "as soon as mining transitions to more sustainable energy."

(more to come)

Write to Rebecca Elliott at rebecca.elliott@wsj.com

 

(END) Dow Jones Newswires

May 12, 2021 18:48 ET (22:48 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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