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Cryptocurrencies

Musk Sends Bitcoin Tumbling With Shock U-Turn on Payments

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

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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.