Tesla's Musk reverses course on taking bitcoin

By

Citing climate concerns.

Tesla's Musk reverses course on taking bitcoin
Tesla has suspended the use of bitcoin to purchase its vehicles because of climate concerns, chief executive officer Elon Musk said in a tweet, reversing the company's stance in the face of an outcry from some environmentalists and investors. Bitcoin, the world's biggest digital ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now

Add iTnews as your trusted source

Add iTnews As Your Trusted Source Add iTnews As Your Trusted Source
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
bitcoincryptocurrencyenvironmentfinancial servicestesla

SPONSORED RESOURCES

Data integrity: the foundation for secure analytics, cloud and AI.
Data integrity: the foundation for secure analytics, cloud and AI.
AI Spend Management
AI Spend Management
Closing the cyber security execution gap: How IT leaders are building cyber resilience
Closing the cyber security execution gap: How IT leaders are building cyber resilience
Tech Skills Report
Tech Skills Report
Rethinking Ransomware Recovery: Closing the Detection and Recovery Gap in Asia Pacific
Rethinking Ransomware Recovery: Closing the Detection and Recovery Gap in Asia Pacific

Events

Most Read Articles

NAB deploys AI for staff called 'Ruby' that is built on Anthropic

NAB deploys AI for staff called 'Ruby' that is built on Anthropic
ANZ stands up an 'enterprise AI control plane'

ANZ stands up an 'enterprise AI control plane'
Westpac reveals AI cut data warehouse migration cost from $70m to $35m

Westpac reveals AI cut data warehouse migration cost from $70m to $35m
Australian Unity taps former Optus CIO as tech leader

Australian Unity taps former Optus CIO as tech leader
The messy reality of workplace stress costing Australian IT businesses
The messy reality of workplace stress costing Australian IT businesses
ASI Solutions acquires Insicon Cyber
ASI Solutions acquires Insicon Cyber
UiPath appoints Stuart Spencer as area VP for ANZ
UiPath appoints Stuart Spencer as area VP for ANZ
Avocado Consulting acquires AI Consulting Group to launch data and AI practice
Avocado Consulting acquires AI Consulting Group to launch data and AI practice
DTA publishes AI reference architecture for government agencies
DTA publishes AI reference architecture for government agencies

Log In

  |  Forgot your password?