"Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment," Musk (pic) said.
NEW YORK: Tesla Inc has suspended the use of bitcoin to purchase its vehicles, Chief Executive Officer Elon Musk said in a tweet on Wednesday, citing concerns about the use of fossil fuel for bitcoin mining.
Bitcoin, the world's biggest digital currency, fell more than 7% after the tweet and was trading at $52,669.
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