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Tesla no longer accepting Bitcoin amid climate concerns, says Musk ELON Musk has announced Tesla will no longer accept Bitcoin as payment due to concerns about the environmental impact of the cryptocurrency. Electric carmakers Tesla has suspended purchases using cryptocurrency Bitcoin amid concerns of its creation and use relies on fossil fuels. In a statement posted on Twitter, Musk said: Tesla has suspended vehicle purchases using Bitcoin. 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. Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at a great cost to the environment.

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