Skip to content
Subscriber Only

Musk Sends Bitcoin Tumbling With Shock U-Turn on Payments

  • EV maker cites concerns on cryptocurrency mining energy use
  • Tesla’s endorsement of Bitcoin in February powered rally
Video player cover image
WATCH: Elon Musk says Tesla Inc. will no longer accept Bitcoin because of climate concerns. (Source: Bloomberg)
Updated on

Follow us @crypto for our full coverage.

Tesla Inc.’s Chief Executive Officer Elon Musk said the electric-vehicle manufacturer is suspending purchases using Bitcoin, triggering a slide in the digital currency.