1000+ Startup, SME's & Enterprises
May 13, 2021

Elon Musk’s Tesla Will Stop Accepting Bitcoin 

Consult Our Experts

Table of Contents

On Wednesday, the CEO of Tesla, Elon Musk stated on Twitter that Tesla is going to suspend bitcoin for purchasing any vehicle, out of concern over continuously enhancing usage of fossil fuels for mining bitcoin. After this declaration of Elon Musk, the bitcoin price dropped nearly 5% in the first few minutes. 

IPAD App Development Company

In February, in an SEC filing, Tesla disclosed that it bought $1.5 billion bitcoin price and it might invest in bitcoin more or in other cryptocurrencies in the upcoming future. At that time, the organization told it will begin accepting bitcoin as a method of payment for purchasing its products. 

Tesla supports cryptocurrency and contributed to the cryptocurrencies’ values, such as dogecoin and bitcoin, escalating in these latest months. Tesla has refused to take Bitcoin for purchasing Tesla vehicles because they are focusing on the rapidly enhancing usage of fossil for Bitcoin transactions and mining, especially coal, which comes as the worst outflow of any fuel. On many levels, cryptocurrency is a brilliant idea and they believe it has a prosperous future, but it might not come at a great cost to the environment. 

In the upcoming future, Tesla will not go to sell any Bitcoin, and they want to utilize it for any kind of transaction as soon as transactions of mining continue to more continuous energy. They are also observing other cryptocurrencies that utilize <1% of Bitcoin’s transaction/energy. Some of the great corporate buyers and investors of mainstream businesses including Square, Tesla, Nexon, and Metromile have mobbed to bitcoin, viewing the virtual currency as a promising inflation barrier when central banks print money to mitigate the anguish of coronavirus economies.         

Best App Development Company

Hire Our Development Experts.

    About Author


    Vinay Kumar is the brilliant mind behind the technology at Fluper, serving as the Chief Technology Officer. With a wealth of experience in software development and a passion for leveraging the latest technologies, Vinay drives the technical vision of Fluper's projects. His expertise in creating scalable and robust solutions ensures Fluper delivers best-in-class products exceeding client expectations.

    Vinay Kumar

    What Makes Fluper Different?

    Fluper is not an idea but an initiative to bring transformation aided by technology
    Learning with a team of seasoned experts and agile thinkers is a real-life experience.

    15+ Million

    Users Engagement

    Guaranteed

    Project Delivery

    Free

    Business Analysis

    Project

    Penalty Enforcement

    IBM

    Certified Partners

    1000+

    Projects Delivered

    16+ Years of

    Of IT Exposure

    Support

    24*7 Availability
    Our Blogs
         

    Transform Your Business With Insights on Digitalization, Automation, Technology Integration and ICT Trends.

    May, 20.2024

    App Development:

    Android apps that are dangerous for
    you, check now how to be safe!

    Read More

    Client's Testimonial

    We’ve been lucky to collaborate and deliver transformation
    with a long list of overseas clients.

    Their Statements are Proud
    Testaments to our Dedication

    Fluper is the best ICT Company that navigates the digital frontier with unmatched solutions pursuit for excellence. Undoubtedly, there is an intense contribution of agile thinkers and growth facilitators behind the screens of our developing excellence.

    • 4.5/5.0
    • 4.8/5.0
    • 4.9/5.0
    • 4.6/5.0
    • 4.8/5.0
    • 4.9/5.0

    1000+ Startups, SMEs & Enterprises

    Launch your million dollar business idea into a successful growth story.
    • Free Marketing

    • 2.5 Year Post Launch Assistance

    • Money Back Guarantee

    • Real-Time tracking & Support

    Schedule Call

    Our Global Presence

    500+

    Startups

    300+

    SMEs

    200+

    Enterprises

    We Built

    1000+

    Brands Globally

    30+

    Countries Served

    Office Address

    C- 142, Sector 63 Rd, C Block, Sector 63, Noida, Uttar Pradesh 201301

    Call Fluper

    IND: +91-959-955-1432

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +91-9599551432

    Office Address

    104 Yes Business Tower, Al Barsha 1 Dubai

    Call Fluper

    UAE: +971-54-700-4175

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +971-54-700-4175

    Office Address

    Building 1913 2nd Floor, Manama, Bahrain

    Call Fluper

    Bahrain: +973-3222-0548

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +973-3222-0548

    Office Address

    Level 23, Collins Square Tower Five, 727 Collins Street Postcode VIC 3008 Melbourne Oceania Australia

    Call Fluper

    Australia: +61-29-1919-752

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +61-29-1919-752

    Office Address

    120 High Road, East Finchley London, N29ED, Uk

    Call Fluper

    UK: +44-208-089-4432

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +44-208-089-4432

    Office Address

    Laneoffice Suite Sarasota florida US.

    Call Fluper

    USA: +1-917-732-2131

    Drop An Email

    [email protected]

    Our Skype Id

    live:hirefluper

    Whatsapp Fluper

    Global +1-917-732-2131

    Let's Talk!