Bitcoin price falls after Elon Musk says Tesla will no longer accept it as payment
Updated May 13, 2021;
Posted May 13, 2021
FILE- In this March 14, 2019, file photo Tesla CEO Elon Musk speaks before unveiling the Model Y at Tesla's design studio in Hawthorne, Calif. AP
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Dana Hull, Bloomberg News (TNS)
Tesla Inc.’s Chief Executive Officer Elon Musk said the electric-vehicle manufacturer is suspending purchases with Bitcoin, triggering a slide in the digital currency.
In a post on Twitter Wednesday, Musk cited concerns about “rapidly increasing use of fossil fuels for Bitcoin mining and transactions.” His post said that Tesla might accept other cryptocurrencies “that use