Tesla will most likely restart accepting Bitcoin as payments once it conducts due diligence on the amount of renewable energy used to mine the currency, CEO Elon Musk said at a conference.
Electric-car maker Tesla will most likely restart accepting Bitcoin as payments once it conducts due diligence on the amount of renewable energy used to mine the currency, Chief Executive Officer Elon Musk said at a conference on Wednesday. Bitcoin was up 8 percent at $32,160.16 (roughly Rs.23.9 lakhs), while ether surged 11.6 percent to $1,993.36 (roughly Rs.1.4 lakhs). Tesla’s shares were down 0.8 percent at $655.30 in extended trading. Bitcoin price in India stood at Rs.23.7 lakhs as of 10am IST on July 22. Musk’s comments at the B Word conference come after Tesla said in May it would stop accepting Bitcoin for car purchases, less than two months after the company began accepting the world’s biggest digital currency for payment.
