Tesla has suspended vehicle purchases using Bitcoin, Chief Executive Elon Musk said on Twitter. The cryptocurrency lost about 5% in value minutes after the tweet. “We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel, Cryptocurrency is a good idea… Continue reading Tesla Suspends Purchases With Bitcoin
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Tesla Banks $101M Profit from Bitcoin
Tesla’s bet on Bitcoin has already delivered a $101 million profit, the company said in its Q1 report. Tesla revealed in February that it had bought $1.5 billion in Bitcoin. In a Securities and Exchange Commission filing, Tesla said it bought the bitcoin for “more flexibility to further diversify and maximize returns on our cash.” The… Continue reading Tesla Banks $101M Profit from Bitcoin
Tesla Buys $1.5B in Bitcoin, Will Accept as Payment
Tesla said Monday that it had purchased $1.5 billion worth of bitcoin and will start accepting the cryptocurrency as payment for its vehicles. In a Securities and Exchange Commission filing, Tesla said it bought the bitcoin for “more flexibility to further diversify and maximize returns on our cash.” Chief Executive Elon Musk has been hyping… Continue reading Tesla Buys $1.5B in Bitcoin, Will Accept as Payment