Tesla suspends use of bitcoin over 'rapidly increasing use of fossil fuels'

James Murray
clock • 2 min read

Value of digital currency falls 17 per cent, after Tesla CEO Elon Musk reverses decision to let customers pay for its cars in bitcoin

Tesla has suspended the auto giant's use of bitcoin just months after announcing it would accept the digital currency as payment for its cars, citing concerns over its huge carbon footprint. Tesla CEO...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Technology

How the UK's bio-based materials sector could unlock a £500m economic boost

How the UK's bio-based materials sector could unlock a £500m economic boost

But UK risks falling behind other nations in Europe which offer greater support for sustainable chemicals and materials start-ups, warns BB-REG-NET

Michael Holder
clock 28 April 2025 • 4 min read
Boiler Upgrade Scheme: Record number of heat pump grant applications received in March

Boiler Upgrade Scheme: Record number of heat pump grant applications received in March

March yielded highest number of applications for green heating grants since the scheme began, latest government figures confirm

Stuart Stone
clock 28 April 2025 • 5 min read
Amazon Sustainability Accelerator: Latest cohort of start-ups named

Amazon Sustainability Accelerator: Latest cohort of start-ups named

Upcycled skincare, fair-trade chocolate, and compostable packaging start-ups join Amazon's Sustainability Accelerator cohort for 2025

James Murray
clock 28 April 2025 • 2 min read