Tesla CEO Elon Musk has changed his stance9 Sectret Pesonal Study (Rated 19 Secret Lesson)cryptocurrency.
Back in March, Musk announced Tesla was accepting Bitcoin for its electric cars. Earlier this year the EV company even bought $1.5 billion of the cryptocurrency.
On Wednesday afternoon, that all ended. Musk tweeted that the cryptocurrency's "great cost to the environment" meant Tesla won't be offering the payment option for its zero-emissions vehicles.
This Tweet is currently unavailable. It might be loading or has been removed.
According to the environmental group Sierra Club, Bitcoin mining produces as much carbon dioxide each year as New Zealand. The next 30 years of Bitcoin mining could raise the world's temperature two degrees Celsius, the group claims. Not a good look for a company centered around sustainability and freedom from fossil fuels.
Only yesterday, Musk asked his Twitter followers about allowing Dogecoin for Tesla purchases. Doge isn't the same as Bitcoin, but it's similar enough. Musk has been tweeting and talking about Dogecoin for several weeks, including on last week's Saturday Night Live. In January, Musk changed his Twitter bio to #bitcoin.
Tesla still has its Bitcoin bounty but Musk said the company won't sell it until mining uses more sustainable energy.
SEE ALSO: Think cryptocurrency is bad? NFTs are even worse.He also noted that Tesla is interested in finding more energy efficient cryptocurrencies, but he didn't name any specific coins, which might've led to a huge frenzy.
Disclosure: The author of this article owns various cryptocurrencies, including BTC and ETH.
Topics Bitcoin Tesla Elon Musk
Best espresso maker deal: Save 29% on the Breville Barista ProClass CarpetbaggerRevenge of the QuantsLaw and DisorderNecessary AngerWorking on OurselvesDesigning the SpectacleOnward, Christian SoldiersReactionary GIFsThe School of Hard KnocksAgainst VirtuosityThat’s so CravenBest espresso maker deal: Save 29% on the Breville Barista ProIs Patriarchy Too Big to Fail?Propaganda, Anti-propagandaEmpathy for the DevilAll Right AlreadyTrash the PollsAll in the FAMThe Action is the Juice Hauntingly beautiful images emerge from deadly ice storms Opera Week by Sophie Haigney Apple iPad Air deal: Save $150 with Best Buy's new record There's a serious danger to the soft climate denial pedaled by Trump's cabinet picks 6 easy ways to be more sustainable (that you still refuse to do) Who Was Robert Plunket? by Danzy Senna Mapping Africatown: Albert Murray and his Hometown by Nick Tabor and Kern M. Jackson Get JLab Go Air Sport headphones for under $20 3 guys happen to catch SpaceX launch from an airplane Best Apple Watch deal: Get an Apple Watch Series 9 for 27% off Going Roth Mode by Sean Thor Conroe NYT's The Mini crossword answers for January 29 Michael Bazzett, Dobby Gibson, and Sophie Haigney Recommend by The Paris Review Best Roborock deal: Save 43% on the Roborock Q5+ robot vacuum NYT's The Mini crossword answers for January 30 What to do with an old laptop Elon Musk's Neuralink has implanted a brain chip in a human for the first time Apple has sold 200,000 Vision Pro headsets, report says Game 6 by Rachel B. Glaser 6 scientists are living like they're on Mars for the next 8 months
1.988s , 8195.03125 kb
Copyright © 2025 Powered by 【19 Sectret Pesonal Study (Rated 19 Secret Lesson)】,Inspiration Information Network