Musk: Tesla to resume accepting Bitcoin as payments

Jul 22, 2021 - City AM

Tesla is to resume accepting Bitcoin as payments after it finishes checks on the cryptocurrency’s environmental impact, chief executive Elon Musk said yesterday.

“I wanted a little bit more due diligence to confirm that the percentage of renewable energy usage is most likely at or above 50 per cent, and that there is a trend towards increasing that number, and if so Tesla would resume accepting bitcoin” Musk said.

Read more: Rothschild Bitcoin exposure gets muted response from ...