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Tesla suspends vehicle purchases using Bitcoin

Thursday, May 13, 2021

/ by mansuralisaha


 The News Cover: observing an increase in climate harming emissions, Elon musk's electric car company Tesla has now decided to temporarily suspend payment for cars with bitcoin. in a bid to give a boost to digital currency, in march the electric car company had started accepting bitcoin in exchange, for electric cars, from tesla now bitcoin's value against the dollar fell more than five percent after must tweet in an acc filing in February. 

Tesla revealed that it bought 1.5 billion dollars worth of bitcoin, and it may invest in more of bitcoin or other cryptocurrencies, in the future now recently tesla shifted towards fulfilling its owner's dreams. of making electric cars mainstream and tried to drive people away from combustion engines pumping out emissions contributing to climate change musk also said the tesla. will not be selling any of its bitcoin, and will wait to resume bitcoin purchases, and sales only after mining transitions to more sustainable energy meanwhile the company. is also looking to other options in digital currency, that do not harm the environment like bitcoin, we're going to have an option in the option selection.

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