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Tesla will no longer accept bitcoin, says Elon Musk

Tesla will no longer accept bitcoin, says Elon Musk © Getty Images CEO Elon Musk said cryptocurrency could not come at great cost to the environment. Tesla has suspended vehicle purchases using bitcoin due to climate change concerns, its CEO Elon Musk said in a tweet. Bitcoin fell by more than 10% after the tweet, while Tesla shares also dipped. Tesla s announcement in March that it would accept the cryptocurrency was met with an outcry from some environmentalists and investors. The electric carmaker had in February revealed it had bought $1.5bn (£1bn) of the world s biggest digital currency. But on Thursday, it backtracked on its previous comments.

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