Elon musk says in his tweet that Tesla will not accept Bitcoin anymore. The company has suspended buying vehicle using Bitcoin because of climate change.
He also added in his tweet that over than 10% Betcoin fell down along with this the shares of Tesla also dropped. In the month of March the company informed that it would accept the cryptocurrency was met with an outcry from some environmentalists and investors.
Elon Musk says that they are quite worried about the rapid use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel. He also added that Cryptocurrency is indeed a great idea but due to this we can not damage the environment.
Also read: US Environmental Protection Agency shares climate report delayed by Trump
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